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Unemployment Claims rose to 282,000

In the week ending August 29, the advance figure for seasonally adjusted initial claims was 282,000, an increase of 12,000 from the previous week's revised level. Analysts were anticipating smaller increase to 273,000. The previous week's level was revised down by 1,000 from 271,000 to 270,000. The 4-week moving average was 275,500, an increase of 3,250 from the previous week's revised average. The previous week's average was revised down by 250 from 272,500 to 272,250.   Read more...

US GDP up by 3.7% in Q2

Gross domestic product, the value of all goods and services produced, rose at a 3.7 percent annualized rate. Analysts were forecasting 3.2% growth. American households, bolstered by gains in employment, rising home prices and cheaper fuel costs, will probably continue to spur the economy in the second half of the year. At the same time, a record surge in stockpiles represents another headwind for manufacturers already contending with a rising dollar and slumping emerging markets that have hurt exports. Read more...

Unemployment Claims rose for a fourth week in a row

In the week ending August 15, the advance figure for seasonally adjusted initial claims was 277,000, an increase of 4,000 from the previous week's revised level. Analysts were expecting decrease to 272,000. The 4-week moving average was 271,500, an increase of 5,500 from the previous week's revised average. There were no special factors impacting this week's initial claims. Read more...

US Retail Sales rose by 0.6% in July

Sales at U.S. retailers rose in July on growing demand for everything from cars to clothing, and a decline the previous month was wiped away, signaling consumers are propelling growth in the world’s largest economy. The 0.6% advance matched the median forecast of economists and followed little change in June that was previously reported as a 0.3% drop. Eleven of 13 major categories showed gains. Read more...

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