USD News

After reporting a slight drop in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another modest decrease in initial jobless claims in the week ended August 13th.

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Philadelphia-area manufacturing activity has seen tenuous growth in the month of August, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.

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Suggesting moderate economic growth should continue through the end of 2016, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose for the second consecutive month in July.

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Philadelphia-area manufacturing activity has seen tenuous growth in the month of August, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity climbed to a positive 2.0 in August from a negative 2.9 in July.

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New home sales in the U.S. unexpectedly saw a substantial increase in the month of July, according to a report released by the Commerce Department on Tuesday. The report said new home sales jumped 12.4 percent to an annual rate of 654,000 in July from the revised June rate of 582,000.

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Existing home sales in the U.S. tumbled by much more than anticipated in the month of July, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales slumped 3.2 percent to an annual rate of 5.39 million in July.

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After reporting a steep drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday showing that durable goods orders rebounded by more than expected in the month of July. The Commerce Department said durable goods orders surged up by 4.4 percent.

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First-time claims for U.S. unemployment benefits unexpectedly saw another modest decrease in the week ended August 20th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 261,000.

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U.S. economic activity in the second quarter grew by slightly less than initially estimated, according to a report released by the Commerce Department on Friday. The report said gross domestic product increased by 1.1 percent in the second quarter.

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Consumer sentiment in the U.S. unexpectedly saw a slight decline in the month of August, according to a report released by the University of Michigan on Friday. The report said the final reading on the consumer sentiment index for August came in at 89.8 compared to the initial estimate of 90.4.

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