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Nov 6, 2015

Robust U.S. jobs report bolsters case for December rate hike

WASHINGTON, Nov 6 (Reuters) – U.S. job growth surged in
October after two straight months of tepid gains, with the
unemployment rate hitting a 7-1/2-year low of 5.0 percent in a
show of domestic strength that makes it more likely the Federal
Reserve will hike interest rates in December.

Nonfarm payrolls increased 271,000 last month, the largest
rise since December 2014, the Labor Department said on Friday.
In addition, average hourly earnings rose 9 cents.

Nov 6, 2015

U.S. employment seen raising December rate hike chances

WASHINGTON, Nov 6 (Reuters) – U.S. job growth likely
accelerated in October after two straight months of tepid gains,
with wages also picking up in a show of domestic strength that
would bolster prospects for a December interest rate hike from
the Federal Reserve.

A Reuters survey forecast nonfarm payrolls increasing
180,000, well above the 139,000 jobs per month average for
August and September. Should payroll gains meet expectations, it
would add to robust automobile sales in painting an upbeat
picture of the economy at the start of the fourth quarter.

Nov 5, 2015

U.S. jobless claims rise; third-quarter productivity posts surprise gain

WASHINGTON (Reuters) – New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market.

Other data on Thursday showed a surprise gain in productivity in the third quarter after a drop in self-employment contributed to overall hours worked falling for the first time in six years, restraining labor-related production costs. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct.31, the Labor Department said. It was the largest weekly increase since late February.

Nov 5, 2015

U.S. jobless claims rise; Q3 productivity posts surprise gain

WASHINGTON, Nov 5 (Reuters) – New U.S. applications for
unemployment benefits last week recorded their largest increase
in eight months, but remained at levels consistent with a fairly
healthy labor market.

Other data on Thursday showed a surprise gain in
productivity in the third quarter after a drop in
self-employment contributed to overall hours worked falling for
the first time in six years, restraining labor-related
production costs.

Nov 4, 2015

U.S. economic data seen supporting December interest rate hike

WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in October and a jump in new orders buoyed activity in the services sector, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December.

The economic outlook was further brightened by another report on Wednesday showing the trade deficit hit a seven-month low in September as exports rebounded, a tentative sign the worst of the drag from the stronger dollar may be over.

Nov 4, 2015

U.S. private hiring solid; trade deficit at seven-month low

WASHINGTON (Reuters) – U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December.

The ADP National Employment Report showed on Wednesday that private payrolls increased 182,000 last month on top of the 190,000 jobs added in September.

Nov 3, 2015

U.S. factory orders fall for second straight month

WASHINGTON (Reuters) – New orders for U.S. factory goods fell for a second straight month in September as the manufacturing sector continues to struggle under the weight of a strong dollar and deep spending cuts by energy companies.

Motor vehicle production, however, remains a bright spot as orders surged in September. That trend is likely to continue, with early reports on Tuesday showing auto sales on track for another strong month in October.

Nov 2, 2015

U.S. manufacturing slows; construction spending at 7-1/2-year high

WASHINGTON (Reuters) – U.S. manufacturing activity slowed in October for a fourth straight month, but a rise in new orders offered hope for a sector buffeted by a strong dollar and relentless spending cuts by energy companies.

Other data on Monday showed construction spending rose in September, indicating the economy remained on firmer ground despite some cooling in consumer spending and persistent weakness in manufacturing.

Oct 30, 2015

Weak U.S. data clouds December rate hike possibility

WASHINGTON (Reuters) – U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.

The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year.

Oct 30, 2015

U.S. consumer spending gain smallest in eight months

WASHINGTON (Reuters) – U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.

The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year.