Number of first-time jobless claims rose more than expected last week
Although the new figures are higher than expected, economic experts told Reuters that this uptick of jobless claims "probably reflected difficulties adjusting the data for seasonal fluctuations given a late Easter this year," and is not necessarily an indication…
New Jobless Claims Fall, Manufacturing Orders Rise
In new signs that the recession may be ebbing, orders for big-ticket manufactured goods rose by 1.9 percent and the number of new jobless claims fell, although the number continuing to receive unemployment remained at the highest level since 1967.
New Jobless Claims Drop; Retails Sales Up Slightly
Government reports show the number of new jobless benefit claims dropped to a seasonally adjusted 623,000, from 631,000 the previous week, while U.S. retail sales jumped 1 percent in January, reversing a six-month downward trend.
Consumer Spending, Durables Goods Orders Drop as Jobless Claims Rise
The Commerce Department reported Wednesday that consumer spending fell for a fifth straight month in November, and Americans' incomes dropped as well, partially reflecting massive job layoffs.
As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system.
