USD News

A report released by the Labor Department on Thursday showed an unexpected drop in U.S. labor productivity in the first quarter along with a bigger than expected jump in unit labor costs.

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First-time claims for U.S. unemployment benefits fell by more than anticipated in the week ended April 29th, according to a report released by the Labor Department on Thursday.

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New orders for U.S. manufactured goods saw a modest increase in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders crept up by 0.2 percent in March after surging up by a revised 1.2 percent in February.

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Consumer credit in the U.S. increased by more than expected in the month of March, according to a report released by the Federal Reserve on Friday. The report said consumer credit jumped by $16.4 billion in March after climbing by $13.8 billion in February.

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Wholesale inventories in the U.S. unexpectedly saw a modest increase in the month of March, according to a report released by the Commerce Department on Tuesday. The report said wholesale inventories rose by 0.2 percent in March after climbing by 0.3 percent in February.

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Import prices in the U.S. rose by more than expected in the month of April, according to a report released by the Labor Department on Wednesday, with the increase partly reflecting a rebound in prices for fuel imports. The Labor Department said import prices climbed by 0.5 percent in April after a revised 0.1 percent uptick in March.

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Homebuilder confidence in the U.S. has unexpectedly improved in the month of May, the National Association of Home Builders revealed in a report on Monday. The report said the NAHB/Wells Fargo Housing Market Index rose to 70 in May after pulling back to 68 in April.

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A report released by the Conference Board on Thursday showed that its index of leading U.S. economic indicators rose in line with economist estimates in the month of April. The Conference Board said its leading economic index rose by 0.3 percent in April, matching the downwardly revised increase in March.

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After reporting an unexpected jump in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial pullback in new home sales in the month of April. The Commerce Department said new home sales plunged by 11.4 percent to an annual rate of 569,000.

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Existing home sales in the U.S. pulled back by more than anticipated in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 2.3 percent to an annual rate of 5.57 million in April.

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