- Thursday, 27 July 2017
- News
Unemployment Claims increased to 244,000
The number of Americans who applied for unemployment benefits rose in late July but remained near the lowest level in decades, mirroring a red-hot labor market that shows little sign of cooling. Initial jobless claims in the period running from July 16 to July 22 increased by 10,000 to a seasonally adjusted 244,000, the Labor Department said Thursday. The average of new claims over the past month, which gives a more stable picture of layoff trends, was unchanged at 244,000.
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- Wednesday, 26 July 2017
- News
Fed left interest rates unchanged
According to the Statement from latest FOMC Meeting, Fed noted that consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term.
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- Wednesday, 26 July 2017
- News
New Home Sales at an annual rate of 610,000
Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent above the revised May rate of 605,000 and is 9.1 percent above the June 2016 estimate of 559,000.
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- Tuesday, 25 July 2017
- News
US consumer confidence back near 16-year high
Consumer confidence rose in July to the second highest level in 16 years as Americans shrugged off all the drama in President Trump’s Washington and took heart in the best labor market in a decade. The Conference Board said its consumer confidence index rose to 121.1 this month from 117.3 in June. The increase exceeded the 116.9 forecast of economists polled by MarketWatch.
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