The number of Americans filing unemployment benefits remains unchanged compared to the previous week, demonstrating the lowest level since April, giving a hint that labour market started to recover amid a shaky global economy.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
On Friday, the US jobs market was surprised by positive economic data which expanded during the previous month, allaying fears that the economy was exposed for a sustained slowdown after a moderate start of this year.
The number of Americans filing unemployment benefits unexpectedly plunged last week, to the lowest level since April, giving a hint that labour market started to recover amid a shaky global economy.
Good news from the American side, the services sector activity advanced during the previous month from lows where it had been settling during more than two years. Moreover, data managed to beat significantly consensus expectations.
The new orders for US manufactured goods declined 1.0% in May following a revised 1.8% advance during the previous month, being a slightly steeper decrease than the 0.8% consensus forecast.
Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labour market.
According to the official data, the US consumer spending and core PCE prices advanced in line with economists' expectations in May.
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
On Friday the US Durable and Core Durable Goods Orders were released, both failing to meet expectations. The Durable Goods Orders dropped 2.2% in May, while the forecast stood at a 0.5% decline. At the same time, the April's reading was revised down from 3.4% to 3.3%, contributing to the negative effect the actual weak reading had.
The number of people applying first-time unemployment benefits in the US fell from 277,000 to 259,000, gradually beating the 277,000 forecast, as reported by the Department of Labor.
On the second day of the Federal Reserve Governor's testimony on Wednesday, Janet Yellen stated that a number of risks for the US economy is still present, thus, the Fed is taking a cautious approach to the monetary policy and the interest rate hike this year in general.
The American Dollar managed to post gains across the board, with the only exception being the NZD/USD currency pair yesterday.
The US Dollar's performance were rather mild, but with the currency still declining against most of other major peers.
The Greenback sustained rather serious losses last Friday and over the weekend, with the largest decline registered against the British Pound.
The US Dollar's performance was equal to the Sterling's, as the Buck outperformed some major currencies, but also declined against the others.
The US Dollar weakened against most major currencies on Wednesday, due to the Fed delaying interest rate hikes.
Due to a rather strong reading of the US Retail Sales, the Greenback managed to outperform most major currencies on Tuesday.
The US Dollar sustained losses against most of other major currencies on Monday, with the only exception being the USD/CAD pair.