Lucia's Feed
Apr 17, 2015

Gasoline, shelter costs lift U.S. consumer prices

WASHINGTON (Reuters) – U.S. consumer prices rose for a second straight month in March as the cost of gasoline and shelter increased, signs of some inflation that should keep the Federal Reserve on course to start raising interest rates this year.

The Labor Department said on Friday its Consumer Price Index increased 0.2 percent last month after a similar gain in February. Price increases were fairly broad-based in March, suggesting the recent disinflationary trend had run its course.

Apr 16, 2015

U.S. housing starts data underperforms; jobless claims rise

WASHINGTON (Reuters) – U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy’s ability to bounce back from a soft patch hit in the first quarter.

The economy stumbled at the start of the year under the weight of a harsh winter, a resurgent dollar, weaker global growth and a now-resolved labor dispute at the West Coast ports.

Apr 15, 2015

Mining, utilities sink U.S. industrial production

WASHINGTON (Reuters) – U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.

The dour report from the Federal Reserve on Wednesday was the latest sign that growth slowed sharply in the first quarter.

Apr 14, 2015

Retail sales rebound, post largest gain in a year

WASHINGTON (Reuters) – U.S. retail sales rose in March for the first time since late last year as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary.

The Commerce Department’s fairly sturdy report on Tuesday together with other data showing producer inflation crept up last month should keep the Federal Reserve on track to start raising interest rates later this year.

Apr 14, 2015

U.S. retail sales rebound, post largest gain in a year

WASHINGTON, April 14 (Reuters) – U.S. retail sales rose in
March for the first time since late last year as consumers
stepped up purchases of automobiles and other goods, suggesting
a sharp slowdown in economic growth in the first quarter was
temporary.

The Commerce Department’s fairly sturdy report on Tuesday
together with other data showing producer inflation crept up
last month should keep the Federal Reserve on track to start
raising interest rates later this year.

Apr 10, 2015

U.S. import prices resume downward trend in March

WASHINGTON (Reuters) – U.S. import prices fell in March as rising petroleum costs were offset by declining prices for other goods, a sign of muted inflation that supports the view the Federal Reserve will probably not raise interest rates in June.

The Labor Department said on Friday import prices dropped 0.3 percent last month after a downwardly revised 0.2 percent gain in February.

Apr 9, 2015

U.S. jobless claims data point to strengthening labor market

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits rose less than expected last week and the four-week moving average of claims hit its lowest level since 2000, suggesting an abrupt slowdown in job growth in March could be temporary.

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 281,000 for the week ended April 4, the Labor Department said on Thursday.

Apr 7, 2015

U.S. jobs opening data points to skills mismatch

WASHINGTON (Reuters) – U.S. job openings surged to a 14-year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth.

Job openings, a measure of labor demand, increased 168,000 to a seasonally adjusted 5.1 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey on Tuesday. That was the highest level since January 2001.

Apr 3, 2015

U.S. job gains weakest since 2013; unemployment rate steady

WASHINGTON, April 3 (Reuters) – U.S. employers added the
fewest number of jobs in more than a year in March, which could
heighten concerns over the recent slowdown in economic growth
and delay an anticipated interest rate increase by the Federal
Reserve.

Nonfarm payrolls rose 126,000 last month, the smallest gain
since December 2013, the Labor Department said on Friday. The
goods producing sector, which had been hurt by a strong dollar
and lower crude oil prices, shed 13,000 jobs in March – the
largest drop since July 2013.

Apr 3, 2015

Solid U.S. job growth anticipated despite weak economy

WASHINGTON, April 3 (Reuters) – U.S. job growth likely
remained solid in March, which should allay fears over recent
economic weakness and keep the Federal Reserve on course to
start raising interest rates this year.

Nonfarm payrolls probably increased 245,000 last month after
rising 295,000 in February, according to a Reuters survey of
economists. March would mark the 13th straight month of job
gains above 200,000, the longest streak since late 1993.