Lucia's Feed
Apr 17, 2014

U.S. jobless claims hover near pre-recession levels

WASHINGTON (Reuters) – New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy’s underlying strength.

Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. They stayed close to a 6-1/2 year low touched the prior week.

Apr 16, 2014

U.S. industry shows some vigor, but housing soft

WASHINGTON (Reuters) – U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.

Groundbreaking for new homes also increased but remained well below the post-recession peak hit in November, signaling the drag the housing market is placing on the economy.

Apr 15, 2014

Rising food, housing costs push up U.S. inflation

WASHINGTON (Reuters) – U.S. consumer prices firmed a bit in March, as food and housing rental costs rose in a possible sign that a disinflationary trend had run its course.

The increase should allay concerns among some Federal Reserve officials that inflation was running too low, although the rise was mild enough to suggest the central bank could keep benchmark interest rates near zero for quite some time.

Apr 15, 2014

U.S. consumer inflation rises on higher food, rental housing costs

WASHINGTON (Reuters) – U.S. consumer prices firmed a bit in March in a possible sign that a disinflationary trend has run its course.

While the increase last month should allay concerns among some Federal Reserve officials that inflation was running too low, price pressures remain subdued enough for the U.S. central bank to keep interest rates near zero for a while.

Apr 14, 2014

Bullish U.S. March retail sales brighten growth outlook

WASHINGTON, April 14 (Reuters) – U.S. retail sales recorded
their largest gain in 1-1/2 years in March, in the latest sign
the economy was emerging from its weather-induced slumber and on
track to accelerate in the second quarter.

The Commerce Department said on Monday retail sales
increased 1.1 percent last month, the biggest rise since
September 2012, as receipts rose in nearly all categories.

Apr 11, 2014

U.S. producer prices up; consumer morale at nine-month high

WASHINGTON (Reuters) – U.S. producer prices recorded their largest increase in nine months in March as the cost of food and trade services surged, pointing to some pockets of inflation at the factory gate.

Other data on Friday showed consumer sentiment hit a nine-month high in April, strengthening views economic activity was regaining momentum after a weather-induced lull early this year.

Apr 11, 2014

Producer prices hint at some inflation building up

WASHINGTON (Reuters) – U.S. producer prices recorded their largest increase in nine months in March as the cost of food and services surged, pointing to some pockets of inflation at the factory gate.

The Labor Department said on Friday its seasonally adjusted producer price index for final demand increased 0.5 percent last month after slipping 0.1 percent in February.

Apr 11, 2014

U.S. producer prices hint at some inflation building up

WASHINGTON, April 11 (Reuters) – U.S. producer prices
recorded their largest increase in nine months in March as the
cost of food and services surged, pointing to some pockets of
inflation at the factory gate.

The Labor Department said on Friday its seasonally adjusted
producer price index for final demand increased 0.5 percent last
month after slipping 0.1 percent in February.

Apr 10, 2014

Jobless claims near seven-year low; import prices above forecasts

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.

Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for the week ended April 5, the Labor Department said on Thursday. That was the lowest level since May 2007, before the start of the 2007-09 recession.

Apr 10, 2014

U.S. jobless claims near seven-year low; import prices above forecasts

WASHINGTON, April 10 (Reuters) – The number of Americans
filing new claims for unemployment benefits fell sharply last
week to the lowest level in almost seven years, which could
bolster views of an acceleration in job growth after a cold
winter dampened hiring.

Initial claims for state unemployment benefits dropped
32,000 to a seasonally adjusted 300,000 for the week ended April
5, the Labor Department said on Thursday. That was the lowest
level since May 2007, before the start of the 2007-09 recession.