USD News

Labor productivity in the U.S. declined by less than initially estimated in the first quarter, according to a report released by the Labor Department on Tuesday. The report said productivity dropped by 0.6 percent in the first quarter compared to the 1.0 percent decrease initially reported.

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The number of people filing first time unemployment benefits unexpected dipped last week, according to new government statistics released on Thursday. The U.S. Labor Department revealed that initial jobless claims came in at 264,000 for the week ended June 4. This was down 4,000 from the previous week's revised level of 268,000.

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Business inventories in the U.S. saw a slight uptick in the month of April, the Commerce Department revealed in a report released on Tuesday. The report said business inventories inched up by 0.1 percent in April after rising by a downwardly revised 0.3 percent in March.

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Reflecting another substantial increase in fuel prices, the Labor Department released a report on Tuesday showing that U.S. import prices surged up by much more than expected in the month of May. The report said import prices jumped by 1.4 percent in May.

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While the Philadelphia Federal Reserve released a report on Thursday showing a bigger than expected rebound by its index of regional manufacturing activity in the month of June, the bank said other broad indicators continued to reflect general weakness.

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Consumer prices in the U.S. rose by slightly less than expected in the month of May, the Labor Department revealed in a report on Thursday. The Labor Department said its consumer price index edged up by 0.2 percent in May after climbing by 0.4 percent in April.

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With homebuilders reporting higher traffic and more committed buyers at their job sites, the National Association of Home Builders released a report on Thursday showing a bigger than expected improvement in homebuilder confidence in the month of June.

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Existing home sales in the U.S. sprang to their highest level in over nine years in the month of May, the National Association of Realtors revealed in a report on Wednesday. NAR said existing home sales rose by 1.8 percent to an annual rate of 5.53 million in May from a downwardly revised 5.43 million in April.

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Primarily reflecting a sharp increase in initial jobless claims, the Conference Board released a report on Thursday showing an unexpected decrease in its index of leading U.S. economic indicators. The Conference Board said its leading economic index edged down by 0.2 percent in May after climbing by 0.6 percent in April.

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On the heels of a sharp jump in the previous month, new home sales in the U.S. pulled back in the month of May, the Commerce Department revealed in a report on Thursday. The report said new home sales fell by 6.0 percent to an annual rate of 551,000 in May.

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