USD News

New home sales in the U.S. unexpectedly saw a substantial decrease in the month of July, according to a report released by the Commerce Department on Wednesday. The report said new home sales plunged by 9.4 percent to an annual rate of 571,000 in July from the revised June rate of 630,000.

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A report released by the Labor Department on Thursday showed a modest uptick in first-time claims for U.S. unemployment benefits in the week ended August 19th.

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After reporting a sharp jump in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing a sharp pullback in durable goods orders in the month of July. The Commerce Department said durable goods orders plunged by 6.8 percent.

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Private sector employment in the U.S. increased by more than anticipated in the month of August, according to a report released by payroll processor ADP on Wednesday.

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After reporting a substantial increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Tuesday showing a sharp pullback in factory orders in the month of July.

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A report released by the Labor Department on Thursday showed U.S. labor productivity increased by more than initially estimated in the second quarter, while unit labor costs rose by less than initially estimated. The Labor Department said labor productivity climbed by 1.5 percent in the second quarter.

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Wholesale inventories in the U.S. rose by more than anticipated in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said wholesale inventories climbed by 0.6 percent in July, matching the downwardly revised increase in June.

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Consumer credit in the U.S. increased by more than anticipated in the month of July, according to a report released by the Federal Reserve on Friday. The Fed said consumer credit jumped by $18.5 billion in July after rising by a downwardly revised $11.8 billion in June.

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A report released by the Commerce Department on Friday showed a modest increase in business inventories in the U.S. in the month of July. The Commerce Department said business inventories rose by 0.2 percent in July after climbing by 0.5 percent in June.

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Reflecting a deterioration in consumer expectations, the University of Michigan released a report on Friday showing a pullback in U.S. consumer sentiment in the month of September. The preliminary report said the consumer sentiment index dropped to 95.3 in September after climbing to 96.8 in August.

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