13:30 - Dados States
8:30 AM ET 8/10/06 U.S. CONTINUING JOBLESS CLAIMS UP 48,000 TO 2.48 MILLION
8:30 AM ET 8/10/06 U.S. INITIAL JOBLESS CLAIMS RISE 7,000 TO 319,000
8:30 AM ET 8/10/06 U.S. 4-WEEK AVG INITIAL JOBLESS CLAIMS FALL 3,750 TO 308,750
ECONOMIC REPORT: U.S. initial jobless claims rise 7,000 to 319,000; 4-week average of continuing claims at highest level since March
By Robert Schroeder, MarketWatch
Last Update: 8:35 AM ET Aug 10, 2006
WASHINGTON (MarketWatch) -- U.S. initial jobless claims rose by 7,000 in the latest week as the number of people collecting state unemployment benefits over the past four weeks hit the highest level since March.
The four week average of continuing claims rose to 2.47 million, the highest since March 11, the Labor Department said Thursday.
Seasonally adjusted first-time claims for unemployment benefits rose by 7,000 to 319,000 in the week ended August 5.
The four-week average of new claims, which smoothes out one-time factors such as weather or holidays, fell by 3,750 to 308,750.
The number of workers collecting jobless benefits rose by 48,000 to stand at 2.48 million in the week ended July 29.
Economists surveyed by MarketWatch were expecting initial claims to fall slightly to 314,000.
The insured unemployment rate, measuring the percentage of those eligible for benefits who are collecting them, remained at 1.9%.
Over the past year, initial jobless claims are essentially unchanged, while continuing claims are down about 4%. Continuing claims dipped to about 2.4 million in mid-June, but they've been slowly rising since then.
Initial claims represent job destruction, while the level of continuing claims indicates how hard or easy it is for displaced workers to find new jobs.
In a separate report Thursday, the Commerce Department said the U.S. trade deficit improved in June but only after the May deficit was revised much higher than first reported.
The trade gap narrowed by 0.3% in June to $64.8 billion. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $64.5 billion. The deficit in May was revised up by 1.9% to $65.0 billion, the second highest on record, from the initial estimate of $63.8 billion.
8:30 AM ET 8/10/06 AVERAGE PRICE OF U.S. IMPORTED OIL SETS RECORD IN JUNE
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP WITH CHINA $19.7 BLN
8:30 AM ET 8/10/06 U.S. MAY TRADE GAP REV $65.0 BLN VS $63.8 PREV EST
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP ABOVE CONSENSUS OF $64.5 BLN
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP NARROWS 0.3% TO $64.8 BLN
ECONOMIC REPORT: U.S. trade gap narrows in June; Improvement comes as May trade gap much wider than first thought
By Greg Robb, MarketWatch
Last Update: 8:40 AM ET Aug 10, 2006
WASHINGTON (MarketWatch) -- The U.S. trade gap of goods and services narrowed in June, but only after a large upward revision to the previous month's deficit, a government report showed Thursday.
The nation's trade deficit narrowed 0.3% to $64.8 billion, the Commerce Department said.
The fact that the trade gap narrowed was unexpected. The May trade deficit was revised up to $65 billion, the second highest on record.
The consensus forecast of Wall Street economists had been for the deficit to widen to $64.5 billion from the initial May reading of $63.8 billion.
Despite all of the ups and downs, the trade gap is still on pace to set a new record in 2006. For the first six months of 2006 was $383.86 billion, up from a gap of $340.2 billion in the same period last year.
But economists believe the trade balance is stabilizing somewhat after years of steadily worsening.
June's trade gap was boosted by the high price of oil. The average price per barrel of imported crude oil rose to $62.04 in June, setting a new record high. The June import value of crude oil was a record $20.5 billion.
The petroleum deficit of $24.7 billion in June was the second highest on record. The record was set only last month.
In June, exports rose faster than imports. Both categories set new record highs.
June's exports rose 2.0% to $120.7 billion, while imports rose 1.2% to $185.5 billion.
Exports of goods alone rose 3% in June to $86.6 billion. The U.S. exported a record amount of agricultural products, industrial supplies and capital goods.
The improvement came even as exports of civilian aircraft, a key source of strength, declined in June. Exports of civilian aircraft fell 8.6% to $3.2 billion.
Imports of goods alone rose 1.2% to $156.9 billion. The U.S. imported a record amount of consumer goods and June imports of autos and auto parts and petroleum products were the second highest on record.
The U.S. trade deficit with China widened to $19.7 billion in June compared with $17.5 billion in the same month last year. U.S. imports from China were the second highest on record.
For the first six months of the year, the trade gap with China totaled $101.8 billion, compared with $90.1 billion in the same period last year.
8:30 AM ET 8/10/06 U.S. INITIAL JOBLESS CLAIMS RISE 7,000 TO 319,000
8:30 AM ET 8/10/06 U.S. 4-WEEK AVG INITIAL JOBLESS CLAIMS FALL 3,750 TO 308,750
ECONOMIC REPORT: U.S. initial jobless claims rise 7,000 to 319,000; 4-week average of continuing claims at highest level since March
By Robert Schroeder, MarketWatch
Last Update: 8:35 AM ET Aug 10, 2006
WASHINGTON (MarketWatch) -- U.S. initial jobless claims rose by 7,000 in the latest week as the number of people collecting state unemployment benefits over the past four weeks hit the highest level since March.
The four week average of continuing claims rose to 2.47 million, the highest since March 11, the Labor Department said Thursday.
Seasonally adjusted first-time claims for unemployment benefits rose by 7,000 to 319,000 in the week ended August 5.
The four-week average of new claims, which smoothes out one-time factors such as weather or holidays, fell by 3,750 to 308,750.
The number of workers collecting jobless benefits rose by 48,000 to stand at 2.48 million in the week ended July 29.
Economists surveyed by MarketWatch were expecting initial claims to fall slightly to 314,000.
The insured unemployment rate, measuring the percentage of those eligible for benefits who are collecting them, remained at 1.9%.
Over the past year, initial jobless claims are essentially unchanged, while continuing claims are down about 4%. Continuing claims dipped to about 2.4 million in mid-June, but they've been slowly rising since then.
Initial claims represent job destruction, while the level of continuing claims indicates how hard or easy it is for displaced workers to find new jobs.
In a separate report Thursday, the Commerce Department said the U.S. trade deficit improved in June but only after the May deficit was revised much higher than first reported.
The trade gap narrowed by 0.3% in June to $64.8 billion. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $64.5 billion. The deficit in May was revised up by 1.9% to $65.0 billion, the second highest on record, from the initial estimate of $63.8 billion.
8:30 AM ET 8/10/06 AVERAGE PRICE OF U.S. IMPORTED OIL SETS RECORD IN JUNE
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP WITH CHINA $19.7 BLN
8:30 AM ET 8/10/06 U.S. MAY TRADE GAP REV $65.0 BLN VS $63.8 PREV EST
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP ABOVE CONSENSUS OF $64.5 BLN
8:30 AM ET 8/10/06 U.S. JUNE TRADE GAP NARROWS 0.3% TO $64.8 BLN
ECONOMIC REPORT: U.S. trade gap narrows in June; Improvement comes as May trade gap much wider than first thought
By Greg Robb, MarketWatch
Last Update: 8:40 AM ET Aug 10, 2006
WASHINGTON (MarketWatch) -- The U.S. trade gap of goods and services narrowed in June, but only after a large upward revision to the previous month's deficit, a government report showed Thursday.
The nation's trade deficit narrowed 0.3% to $64.8 billion, the Commerce Department said.
The fact that the trade gap narrowed was unexpected. The May trade deficit was revised up to $65 billion, the second highest on record.
The consensus forecast of Wall Street economists had been for the deficit to widen to $64.5 billion from the initial May reading of $63.8 billion.
Despite all of the ups and downs, the trade gap is still on pace to set a new record in 2006. For the first six months of 2006 was $383.86 billion, up from a gap of $340.2 billion in the same period last year.
But economists believe the trade balance is stabilizing somewhat after years of steadily worsening.
June's trade gap was boosted by the high price of oil. The average price per barrel of imported crude oil rose to $62.04 in June, setting a new record high. The June import value of crude oil was a record $20.5 billion.
The petroleum deficit of $24.7 billion in June was the second highest on record. The record was set only last month.
In June, exports rose faster than imports. Both categories set new record highs.
June's exports rose 2.0% to $120.7 billion, while imports rose 1.2% to $185.5 billion.
Exports of goods alone rose 3% in June to $86.6 billion. The U.S. exported a record amount of agricultural products, industrial supplies and capital goods.
The improvement came even as exports of civilian aircraft, a key source of strength, declined in June. Exports of civilian aircraft fell 8.6% to $3.2 billion.
Imports of goods alone rose 1.2% to $156.9 billion. The U.S. imported a record amount of consumer goods and June imports of autos and auto parts and petroleum products were the second highest on record.
The U.S. trade deficit with China widened to $19.7 billion in June compared with $17.5 billion in the same month last year. U.S. imports from China were the second highest on record.
For the first six months of the year, the trade gap with China totaled $101.8 billion, compared with $90.1 billion in the same period last year.