Economics News Results

  • U.S. Jobless Claims Up 51K to 419K in July 17 Week -- Update

    Jobless claims rose last week to a level last recorded in early June, showing the unevenness in the labor market's recovery, while the number of people receiving benefits fell sharply at the start of the month. Initial jobless claims, a proxy for layoffs, rose by 51,000 to a seasonally adjusted 419,000 for the week ended July 17, the Labor Department said Thursday. The four-week moving average, which smooths out volatility in the weekly figures, slightly increased to 385,250. The...

  • U.S. Jobless Claims Up 51K to 419K in July 17 Week

    Jobless claims rose to 419,000 last week, returning to a level last recorded in early June.

  • U.S. Economic Growth Cooled in June -- Chicago Fed

    The U.S. economy lost momentum in June compared with the previous month, data from the Federal Reserve Bank of Chicago showed Thursday. The Chicago Fed National Activity Index decreased to 0.09 in June from 0.26 in May. The reading missed economists' consensus, who polled by FactSet expected the indicator to stand at 0.3.

  • ECB Set to Keep Interest Rates Low for Longer Amid Delta Variant Spread

    FRANKFURT--The European Central Bank signaled that it would support the eurozone economy by keeping interest rates low for longer as a surge in Covid-19 cases driven by the highly contagious Delta variant triggers new social restrictions and weighs on the region's large tourism industry. The ECB's move is in part a response to its new policy framework, unveiled two weeks ago, which aims to give bank officials broader powers to stimulate the economy when inflation is too low.

  • Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 17 350 K 360 K 1000 Existing Home Sales Jun 5.93 M 5.80 M-- percent change Jun +2.2% -0.9% 1000 Leading Index Jun +0.8% +1.3% 1100 Kansas City Fed Mfg Svy Jul 25 27 Composite Index Friday 0945 Markit Flash Mfg PMI Jul 61.8 62.1* 0945 Markit Flash...

  • South Africa Inflation Decelerated in June

    South Africa's annual consumer price inflation stood at 4.9%, falling from a 30- year high of 5.2% in May, Statistics South Africa said Wednesday. The reading marks the second time annual inflation has been recorded above the midpoint of the central bank's target range of between 3% and 6% since coronavirus lockdown measures were imposed in March 2020.. The increase in consumer prices was largely due to rises in the cost of food and non-alcoholic beverages, which were up by 6.7%...

  • Existing Home Sales Seen Rising -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 17 350 K 360 K 1000 Existing Home Sales Jun 5.93 M 5.80 M-- percent change Jun +2.2% -0.9% 1000 Leading Index Jun +0.8% +1.3% 1100 Kansas City Fed Mfg Svy Jul 25 27 Composite Index Friday 0945 Markit Flash Mfg PMI Jul 61.8 62.1* 0945 Markit Flash...

  • U.S. Housing Starts Rose in June Amid Tight Inventories and Rising Costs

    Construction of new homes in the U.S. increased in June for the second consecutive month amid rising material and labor costs, according to data from the Commerce Department released Tuesday. Here are the main takeaways from the report:. --Housing starts, a measure of U.S. homebuilding, rose 6.3% in June compared with May, to a seasonally adjusted annual rate of 1.643 million.

  • U.S. Home-Builder Sentiment Decreased in July as Supply Strains Persist -- NAHB

    Home-builder confidence in the U.S. declined in July for the second consecutive month amid continued supply challenges relating to building materials, regulation and labor, according to a measure released Monday by the National Association of Home Builders. Here are the report's main takeaways:. --The association's housing market index, which gauges the single-family housing market, decreased to 80 in July from 81 in June.

  • Tanzania Gold Exports Trend Higher on Strong Prices

    Tanzania's gold exports are rising, supported by favorable global prices and initiatives to curb illegal mineral exports, said the central bank of Tanzania. Gold exports rose 20% to $3 billion in the year ending June from a year earlier, the central bank said, adding that the prevalence of low interest rates globally and uncertainty in financial markets continue to support gold prices. Government controlled mineral trading centers across Tanzania are also aiding Africa's...

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