USD News

After reporting first-time claims for U.S. unemployment benefits at their lowest level in over forty years in the previous week, the Labor Department released a report on Thursday showing a modest rebound in initial jobless claims in the week ended October 21st.

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Consumer sentiment in the U.S. improved by slightly less than initially estimated in the month of October, the University of Michigan revealed in a report on Friday. The report said the consumer sentiment index for October was downwardly revised to 100.7 from 101.1.

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Economic growth in the U.S. slowed modestly in the third quarter, according to a report released by the Commerce Department on Friday, although the pace of growth still exceeded economist estimates. The report said real gross domestic product jumped by 3.0 percent in third quarter.

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Consumer confidence in the U.S. saw a significant improvement in the month of October, the Conference Board revealed in a report released on Tuesday. The Conference Board said its consumer confidence index jumped to 125.9 in October from an upwardly revised 120.6 in September.

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Growth in Chicago-area business activity unexpectedly accelerated in the month of October, according to a report released by MNI Indicators on Tuesday. MNI Indicators said its Chicago business barometer rose to 66.2 in October from 65.2 in September, with a reading above 50 indicating growth.

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With a jump in spending on public construction more than offsetting a drop in spending on private construction, the Commerce Department released a report on Wednesday showing an unexpected increase in total U.S. construction spending in the month of September.

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A report released by the Institute for Supply Management on Wednesday showed a slowdown in the pace of growth in U.S. manufacturing activity in the month of October. The ISM said its purchasing managers index fell to 58.7 in October from 60.8 in September.

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With output jumping by much more than hours worked, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. labor productivity in the third quarter. The report said labor productivity surged up by 3.0 percent in the third quarter.

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Activity in the U.S. service sector unexpectedly grew at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Friday. The ISM said its non-manufacturing index inched up to 60.1 in October from 59.8 in September.

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Wholesale inventories in the U.S. rose in line with economist estimates in the month of September, the Commerce Department revealed in a report on Thursday. The report said wholesale inventories edged up by 0.3 percent in September after climbing by a revised 0.8 percent in August.

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