Factory Production Falls More Than Expected on Vehicle Output
Factory production fell more than forecast in May, reflecting declining output of vehicles and business equipment that show U.S. manufacturing is still hobbled by weak global demand.
Job Openings Rose in April to Match Highest on Record
Job openings unexpectedly rose in April to match the highest level since records began in 2000, showing underlying demand in the labor market ahead of a sharp deceleration in payrolls last month, according to the Labor Department.
New-Home Sales Surge to Highest Level in Eight Years
Purchases of new homes in the United States surged in April to the highest level since the start of 2008, pointing to a robust spring selling season for builders.
Jobless Claims Dropped Last Week From a One-Year High
Filings for U.S. unemployment benefits declined last week from a more than one-year high, as a plunge in New York returned claims to a level consistent with a firm labor market.
Confidence Among Homebuilders Held Steady in May
Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed May 16.
Retail Sales Rise Most in a Year, Marking US Consumer Comeback
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from a slowdown earlier this year.
Wholesale Prices Increase for First Time in Three Months
U.S. wholesale prices rose in April for the first time in three months, buoyed by firmer costs for portfolio management services.
Consumer Comfort Drops to Five-Month Low on Economic Views
Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.
Jobless Claims Increase to Highest Level in Five Weeks
Applications for unemployment benefits increased to a five-week high, a sign that progress in the strongest part of the U.S. economy may be moderating.
US Trade Deficit Narrows as Imports Slump Most in Seven Years
America’s trade deficit shrank more than forecast in March as imports fell in percentage terms by the most in seven years and outpaced a decline in shipments overseas.