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US CPI increased 0.2% in May

The Consumer Price Index increased 0.2% in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.0% before seasonal adjustment. The food index declined in May, but the indexes for energy and all items less food and energy rose, resulting in the seasonally adjusted all items increase. The food index fell 0.2% as all six major grocery store food group indexes declined. The energy index increased 1.2% as the gasoline index rose 2.3% and the indexes for fuel oil and natural gas also advanced.   Read more...

Unemployment Claims decreased to 264,000

In the week ending June 4, the advance figure for seasonally adjusted initial claims was 264,000, a decrease of 4,000 from the previous week's revised level. The 4-week moving average was 269,500, a decrease of 7,500 from the previous week's revised average. This marks 66 consecutive weeks of initial claims below 300,000, the longest streak since 1973.   Read more...

Private sector employment increased by 173,000 jobs

Private sector employment increased by 173,000 jobs from April to May according to the May ADP National Employment Report. "Job creation appears to have slowed as we move further into 2016,” said Ahu Yildirmaz, VP and head of the ADP Research Institute. “Challenging global conditions affecting hiring at large companies and a tightening labor market for skilled workers are among the factors that may be contributing to the slowdown.”  Read more...

Durable Good Orders increased more than expected

Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over. The Commerce Department said on Thursday orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 3.4% last month after an upwardly revised 1.9% increase in March. Smaller increase by 0.3% was expected. Read more...

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