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Keyword: theresthatwordagain

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  • Manufacturing Unexpectedly Contracts in November

    12/03/2012 7:46:33 AM PST · by mykroar · 87 replies ^ | 12/3/2012 | Reuters
    <p>U.S. manufacturing unexpectedly contracted in November, falling to its lowest in over three years in a sign the sector may be struggling to gain traction, according to an industry report released on Monday.</p> <p>The Institute for Supply Management (ISM) said its index of national factory activity fell to 49.5 in November from 51.7 the month before. The reading was shy of expectations of 51.3, according to a Reuters poll of economists.</p>
  • US economy creates 18,000 jobs in June, much lower than expected (ticker only)

    07/08/2011 5:49:32 AM PDT · by tobyhill · 91 replies
    MSNBC ^ | 7/8/2011 | msnbc
    BREAKING NEWS: US economy creates 18,000 jobs in June, much lower than expected
  • New jobless claims unexpectedly rise

    06/09/2011 5:52:10 AM PDT · by Red Badger · 74 replies
    Reuters ^ | 06-09-2011 | Staff
    The number of Americans filing new claims for unemployment benefits rose by 1,000 last week, according to a report on Thursday that could stoke fears the labor market recovery has stalled. Initial claims for state jobless benefits increased to 427,000, the Labor Department said. A department official added the slim rise meant the level was "essentially unchanged." But economists polled by Reuters had forecast claims dropping to 415,000 from a previously reported count of 422,00
  • New jobless claims post biggest jump in 6 months

    01/13/2011 6:04:09 AM PST · by Oldeconomybuyer · 94 replies
    Reuters ^ | January 13, 2011
    (Reuters) - U.S. jobless claims jumped unexpectedly last week to their highest level since October, suggesting the labor market is still in a rut despite signs of improvement in the economy. The number of Americans filing for first-time unemployment benefits rose to 445,000 from an upwardly revised reading of 410,000 in the prior week, the Labor Department said on Thursday. It was the biggest one-week jump in about six months, confounding analyst forecasts for a small drop to 405,000. A Labor Department official noted the rebound occurred following the holidays, which may have hindered reporting of new claims and created...
  • New Jobless Claims Rise Unexpectedly Last Week (Up 12,000 to 465,000)

    09/23/2010 6:20:01 AM PDT · by 1cewolf · 69 replies
    WASHINGTON -- The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market remains sluggish. Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop. The rise suggests that jobs remain scarce and some companies are still cutting workers amid sluggish economic growth. Initial claims have fallen from a recent spike above a half-million last month. But they have been stuck above 450,000 for most of the year. Claims typically...
  • Durable Goods Orders Rose Far Less Than Expected

    08/25/2010 5:55:16 AM PDT · by WWRD · 74 replies
    CNBC ^ | 8/25/2010 | Reuters
    "New orders for long-lasting U.S. manufactured goods rose far less than expected in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, according to a government report on Wednesday that pointed to a slowdown in manufacturing." "The Commerce Department said durable goods orders rose 0.3 percent after a revised 0.1 percent fall in June. Excluding transportation, orders dropped 3.8 percent—the biggest fall since January 2009—after rising 0.2 percent in June." "Analysts polled by Reuters had forecast orders increasing 2.8 percent last month from June's previously reported 1.2 percent fall."
  • Unexpected!

    08/20/2010 5:21:14 AM PDT · by shove_it · 6 replies
    Powerline ^ | 19 Aug 2010 | John Hinderaker
    Glenn Reynolds has humorously documented the seemingly-endless parade of bad economic news, which time after time is described in the press as "unexpected." Apparently it is always a surprise when left-wing economic policies don't work. It happened again today, with the announcement that new unemployment claims rose to a nine-month high of 500,000. This is one of hundreds of news stories that called the bad news "unexpected." [...] While our economy is enormously complicated, it seems reasonably clear that the current slump has turned into the "worst downturn since the Great Depression" precisely because of the ill-advised policies of the...
  • US Economy Showing More Signs Recovery Is Slowing

    08/19/2010 8:37:34 AM PDT · by Qbert · 30 replies
    Reuters via CNBC ^ | 8/19/2010 | Reuters & CNBC
    A key measure of manufacturing in the Mid-Atlantic region fell unexpectedly in July to its lowest level in a year, while an economic forecasting gauge rose less than expected, further signs that the US economic recovery is slowing. The Philadelphia Federal Reserve Bank said its business activity index fell to minus 7.7 in August from July's plus 5.1. Any reading below zero indicates a shrinking in the region's manufacturing. The August reading was the lowest and also the first contraction since July 2009, when the economy was recovering from the credit crisis. "We see data like this and it kind...
  • Unexpected Increase In Initial Jobless Claims Adds Fear To US Economic Slow Down

    08/12/2010 8:02:20 AM PDT · by traumer · 21 replies · 1+ views
    Increase In US stock-index futures is down this morning as the initial jobless claims rose from 482,000 to 484,000, according to figures released by the Labor Department this mourning. The figure was higher than the forecasted 465,000. The claims figure was consistent with economic data released earlier this week which suggests more stimulus maybe needed for the global economy. The Federal Reserve said that economic recovery is slowing down and has been buying US debt to hold interest rates down. Bank of England also downgraded their inflation and growth forecasts. In China, retail sales growth eased and new loan volumes...
  • May home sales unexpectedly fall 2.2 percent

    06/22/2010 7:36:00 AM PDT · by John W · 64 replies · 1+ views
    AP via MSNBC ^ | June 22, 2010 | Alan Zibel
    WASHINGTON - Sales of previously occupied homes dipped 2.2 percent in May, suggesting that a boost from government home-buying incentives is winding down earlier than expected.
  • New Housing Starts Decline 10% in May (unexpected, again)

    06/16/2010 11:02:51 AM PDT · by OldDeckHand · 7 replies · 469+ views
    Real Estate Channel ^ | 06/16/2010 | Michael Gerrity
    According to the U.S. Census Bureau and the Department of Housing and Urban Development's jointly announced new residential construction statistics for May 2010, privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 574,000. This is 5.9 percent (±2.2%) below the revised April rate of 610,000, but is 4.4 percent (±2.6%) above the May 2009 estimate of 550,000. Single-family authorizations in May were at a rate of 438,000; this is 9.9 percent (±2.1%) below the revised April figure of 486,000. Authorizations of units in buildings with five units or more were at a...
  • Unexpected decline in retail sales fans recovery fears

    06/11/2010 7:31:16 AM PDT · by Oldeconomybuyer · 14 replies · 386+ views
    Reuters ^ | June 11, 2010 | Lucia Mutikani
    (Reuters) - Sales at retailers unexpectedly fell in May for the first time since September following a record slump in purchases of building materials, adding to fears the economic recovery was losing some steam. Friday's report follows last week's data showing a sharp slowdown in private hiring in May, but analysts still saw little risk of the economy slipping back into recession. "The report is not evidence that the economy is getting ready for a double-dip or that consumers, facing headwinds of double-digit unemployment and bank credit restriction, are taking their ball and going home," said Chris Rupkey, chief financial...
  • Retail Sales Fall Unexpectedly

    06/11/2010 9:33:06 AM PDT · by traumer · 45 replies · 831+ views
    NEW YORK (TheStreet) -- Retail sales dropped unexpectedly for the first time in eight months in May, data that will likely reignite investor fears that a consumer recovery remains tepid and reinforcing the possibility of a double dip. The Commerce Department said Friday that sales for the month tumbled 1.2%, even as economists forecast a 0.2% gain. This follows a 0.6% increase in April. This is the first decline in retail sales since September 2009, when they tanked 2.2%. On a year-over-year basis, sales grew 6.9%. Sales were particularly hurt by hardware stores, auto dealers, gas stations, department and clothing...
  • Jobs Cuts Unexpectedly Accelerate

    WASHINGTON -- Employers eliminated more jobs than expected last month as the unemployment rate climbed to 9.8%, another sign that a rapid recovery in the labor market is unlikely. Nonfarm payrolls declined by 263,000 in September, the Labor Department said Friday, noting that the largest job losses were in construction, manufacturing, retail trade and government. Economists surveyed by Dow Jones Newswires survey had expected a 175,000 decrease.