USD News

A report released by the Labor Department on Thursday showed a notable decrease in first-time claims for U.S. unemployment benefits in the week ended April 25th, although claims remain at a significantly elevated level.

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The IRS is looking for contractors who will facilitate the taxing of cryptocurrency profits in the United States of America.
The agency is looking for such outside services so that they will calculate people’s profits and losses from digital currency exchange activity.

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Wholesale inventories in the U.S. increased by slightly less than expected in the month of April, according to a report released by the Commerce Department on Tuesday. The Commerce Department said wholesale inventories rose by 0.3 percent in April after tumbling by a revised 1.1 percent in March.

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With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in April.

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After reporting a sharp drop in U.S. consumer credit in the previous month, the Federal Reserve released a report on Wednesday showing consumer credit continued to decline in the month of May.

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While U.S. economic activity increased in almost all Federal Reserve districts in recent weeks, the central bank's Beige Book noted activity remained well below where it was prior to the COVID-19 pandemic.

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Partly reflecting a notable increase in prices for services, the Labor Department released a report on Tuesday showing U.S. producer prices climbed by more than expected in the month of July. The Labor Department said its producer price index for final demand rose by 0.6 percent in July after dipping by 0.2 percent in June.

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Construction spending in the U.S. saw a modest increase in the month of July, according to a report released by the Commerce Department on Tuesday. The report said construction spending inched up by 0.1 percent to an annual rate of $1.365 trillion in July after falling by 0.5 percent to a revised rate of $1.363 trillion in June.

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After reporting sharp increases in U.S. industrial production over the three previous months, the Federal Reserve released a report on Tuesday showing production rose by much less than expected in the month of August. The Fed said industrial production climbed by 0.4 percent in August after soaring by an upwardly revised 3.5 percent in July.

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Existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August, according to a report released by the National Association of Realtors on Tuesday.

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