There were 406,000 initial claims for unemployment benefits in the US during the week ending May 22, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in better than the market expectation of 425,000 and followed the previous print of 444,000.
Read More »US: Durable Goods Orders Decline by 1.3% in April vs. +0.7% Expected
Durable Goods Orders in the United States declined by 1.3%, or $3.2 billion, to $246.2 billion in April, the data published by the US Census Bureau revealed on Thursday. This reading came in worse than the market expectation for an increase of 0.7% and followed March’s print of +1.3% (revised …
Read More »China’s Trade Surplus With The United States Rises to $ 28.1 Billion in April
Reuters calculations based on data from Chinese customs found that China’s trade surplus with the United States amounted to $28.11 billion in April, up from $21.37 billion in March. In the first four months of 2021, China had a trade surplus of $100.68 billion with the United States.
Read More »US: Weekly Initial Jobless Claims Decline to 553K
There were 553,000 initial claims for unemployment benefits in the US during the week ending April 24, the data published by the US Department of Labor (DOL) showed on Thursday. This reading came in slightly worse than the market expectation of 549,000 but showed an improvement from the previous record …
Read More »US Recommends Pause For Johnson & Johnson COVID-19 Vaccines Over Clot Reports
The US Food and Drug Administration said it is asking states to temporarily stop using Johnson & Johnson’s Covid-19 vaccine after 6 people in the United States developed a rare blood clotting disorder. The US Food and Drug Administration said the recommendation “results from an abundance of caution,” adding that …
Read More »Reuters: China’s Trade Surplus With The United States Fell to $21.37B in March
Reuters calculations based on Chinese customs data concluded that China’s trade surplus with the United States reached $ 21.37 billion in March, down from $ 23.01 billion in February. US President Joe Biden said last month that his country does not seek a confrontation with China regarding disputes over trade, …
Read More »Weekly Recap: 5-9 April
Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …
Read More »US: Annual Core PPI Rises to 3.1% in March
The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%. Further details of the publication …
Read More »US: Weekly Initial Jobless Claims rise to 744K
There were 744,000 initial claims for unemployment benefits in the US during the week ending April 3, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 728,000 (revised from 719,000) and came in worse than the market expectation of …
Read More »US Average Hourly Income Declines in March
The average per capita hourly income of all employees in the private non-farm sector in the United States decreased by 4 cents, or 0.1%, over the month to $29.96 in March of 2021, after an upwardly revised 0.3% increase in February, and against expectations. The market gained 0.1%. This is …
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