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Initial jobless claims, a tool to measure U.S. layoffs, rose by 10,000 to 249,000 in the week ended Nov. 11. The number of applications hit a six-week high and exceeded the 235,000 estimate of economists polled. The more stable monthly average of claims rose by 6,500 to 237,750, the government said Thursday. The number of
READ MORERetail sales slowed in October after a sharp gain in the prior month. Sales rose 0.2% in October, better than forecasts of a flat reading. Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending. Excluding autos, sales rose 0.1% after a 1.2% gain in
READ MOREThe Empire State index fell 10.8 points to 19.4, moving back from a three-year higj but still pointing to a solid manufacturing environment in the New York area. Any reading above zero indicates improving conditions. The new-orders index rose to 20.4 and shipments fell to 18.4.
READ MOREConsumer prices minus food and energy picked up a bit in October while retail sales rose modestly, according to government data released Wednesday. The overall CPI rose by a seasonally adjusted 0.1% in October, while core prices rose a slightly stronger 0.2%. Over the past 12 months, core consumer inflation has risen 1.8%, up from
READ MOREThe producer price index rose 0.4% in October. That was well above the MarketWatch forecast of a 0.1% gain. Another measure preferred by economists, known as core PPI, rose 0.2% for the third straight month. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of
READ MOREPhiladelphia Fed President Patrick Harker on Sunday seemed to waiver a bit in his support for another interest rate hike in December. In a speech in Tokyo, Harker said that he has “lightly penciled in” a December move, backing away a bit from the phrase “penciled in” that he had used in in an interview
READ MOREConsumer sentiment declined in November, albeit from very strong levels. The University of Michigan consumer sentiment index fell to 97.8 from 100.7 in October. Economists polled by expected a 100.7 reading.
READ MOREInitial U.S. jobless claims, a tool to measure layoffs, rose by 10,000 to 239,000 in the week ended Nov. 4. That was higher than the 231,000 estimate of economists polled. The more stable monthly average of claims decreased by 1,250 to 231,250 to the lowest level since March 1973. The number of people already collecting
READ MOREThe number of job openings in the U.S. rose slightly in September to 6.09 million, keeping them near a record high. Some 5.27 million people were hired, down from 5.42 million. And 5.24 million people lost their jobs, also down from the prior month, the Labor Department reported Tuesday. The so-called quits rate among private-sector
READ MOREFederal Reserve Bank of New York President William Dudley will retire next year, around six months earlier than scheduled, the Fed’s regional New York bank confirmed Monday in a statement. A search for Dudley’s successor will start with an eye toward the finding one in mid-2018. Dudley’s term ends in January of 2019 when he
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