WASHINGTON (Reuters) – U.S. producer prices were flat in August, pointing to muted inflation pressures that should see the Federal Reserve in no hurry to raise interest rates.
The Labor Department said on Tuesday its producer price index for final demand was unchanged as gasoline and food costs fell. Producer prices had edged up 0.1 percent in July. Economists had expected a 0.1 percent increase last month.
WASHINGTON (Reuters) – U.S. manufacturing output fell for the first time in seven months in August, but the underlying trend remained consistent with steadily rising factory activity.
That was confirmed by other data on Monday showing factory activity in New York state jumped to its highest level in nearly five years in September.
WASHINGTON (Reuters) – U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter.
The Commerce Department said on Friday retail sales increased 0.6 percent last month as Americans bought automobiles and a range of other goods after an upwardly revised 0.3 percent gain in July.
WASHINGTON (Reuters) – The U.S. economy likely grew at a much faster pace in the second quarter than previously estimated, according to data on Thursday that showed a big jump in healthcare spending.
The Commerce Department’s quarterly services survey, or QSS, showed healthcare outlays increased at a much brisker clip than the government had assumed in its last estimate of gross domestic product in late August.
WASHINGTON (Reuters) – The U.S. Federal Reserve will likely tighten its monetary policy in the second quarter of next year against a backdrop of stronger economic growth and building inflation pressures, a Reuters survey showed.
Economists gave a 55 percent probability of the Fed moving away from the 0-0.25 percent range and lifting its benchmark overnight lending rate in the April-June quarter of next year.
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.
Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.
WASHINGTON (Reuters) – U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.
Nonfarm payrolls increased 142,000 last month after expanding by 212,000 in July, the Labor Department said on Friday. The jobless rate fell one-tenth of a percentage point to 6.1 percent, but that was partly because people dropped out of the labour force.
WASHINGTON (Reuters) – U.S. job growth slowed down sharply in August and more Americans gave up the hunt for work, giving a cautious Federal Reserve more reasons to wait a bit longer before raising interest rates.
Nonfarm payrolls increased 142,000 last month, the smallest increase in eight months, the Labor Department said on Friday. The unemployment rate fell one-tenth of a percentage point to 6.1 percent as people dropped out of the labour force.
WASHINGTON (Reuters) – U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy.
Economists predict that nonfarm payrolls increased 225,000 last month, according to a Reuters survey. It would mark the seventh straight month that employment has expanded above 200,000 jobs – a stretch last witnessed in 1997.
WASHINGTON (Reuters) – U.S. companies hired fewer workers than expected in August, but the trend in job growth remained consistent with a sturdy economic performance in the third quarter.
That view was reinforced by other data on Thursday showing only a slight increase in the number of Americans filing for unemployment benefits last week and a decline in the trade deficit to its lowest point in six months in July.