Lucia's Feed
Nov 20, 2014

U.S. underlying inflation rising; labor market strengthening

WASHINGTON (Reuters) – Underlying inflation pressures pushed higher in October, even as falling gasoline prices kept overall U.S. consumer prices in check.

The Labor Department said on Thursday its so-called core Consumer Price Index, which excludes food and energy, rose 0.2 percent, the largest increase in five months, after nudging up 0.1 percent in September.

Nov 19, 2014

U.S. starts, permits data point to improving housing market

WASHINGTON (Reuters) – Starts for U.S. single-family homes rose for a second straight month in October and overall building permits approached a 6-1/2-year high, suggesting the housing market was still on a recovery path.

The Commerce Department said on Wednesday groundbreaking for single-family homes, which account for more than two-thirds of the housing market, increased 4.2 percent to a seasonally adjusted annual 696,000 unit pace, the highest since last November.

Nov 18, 2014

U.S. producer inflation up, but underlying trend muted

WASHINGTON (Reuters) – U.S. producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could bolster the Federal Reserve’s resolve to keep interest rates very low a bit longer.

The Labor Department said on Tuesday its producer price index increased 0.2 percent, driven by a jump in prices for services, after slipping 0.1 percent in September.

Nov 17, 2014

U.S. manufacturing expands, but may be losing speed

WASHINGTON (Reuters) – U.S. manufacturing output rose modestly in October as motor vehicle production fell for a third straight month, suggesting some slowing in economic growth at the start of the fourth quarter.

But growth remains relatively sturdy, with other data on Monday showing a rebound in factory activity in New York State this month.

Nov 7, 2014

U.S. payrolls rise, unemployment rate falls to 5.8 percent

WASHINGTON (Reuters) – U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy’s resilience in the face of slowing global demand.

Despite the strengthening labour market picture, wage growth remained tepid, suggesting the Federal Reserve would be in no hurry to start lifting interest rates.

Nov 7, 2014

U.S. jobs data to show economy’s resilience

WASHINGTON, Nov 7 (Reuters) – U.S. employers likely hired
new workers at a fairly brisk clip last month, underscoring the
economy’s resilience in the face of slowing global demand.

Employers probably added 231,000 new jobs to their payrolls
after boosting them by 248,000 in September, according to a
Reuters survey of economists. The unemployment rate is forecast
holding steady at a six-year low of 5.9 percent.

Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions.

Thursday’s upbeat data underscored the resilience of the economy and some analysts said the pick-up in wage growth moved the Federal Reserve closer to start raising interest rates.

Nov 6, 2014

U.S. jobless claims decline; compensation rises in third quarter

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, in the latest sign of tightening labor market conditions.

Other data on Thursday showed productivity growth slowed in the third quarter while compensation is steadily increasing without creating inflation pressures or weighing on profits.

Nov 4, 2014

Wider U.S. trade deficit, weak exports point to slower growth

WASHINGTON (Reuters) – The U.S. trade deficit unexpectedly widened in September as exports hit a five-month low, suggesting slowing global demand could undercut economic growth in the final three months of the year.

The Commerce Department said on Tuesday the trade gap increased 7.6 percent to $43.03 billion. Economists had forecast the shortfall at $40.00 billion in September.

Nov 3, 2014

U.S. factory activity back at 3-1/2-year high, auto sales rise

WASHINGTON (Reuters) – U.S. manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth in the fourth quarter.

The pick-up in manufacturing, which was driven by robust growth in new orders and production, suggested the economy was weathering a slowing of demand in major markets such as China and the euro zone. Factory activity is now back at the 3-1/2-year high first reached in August.