Philly Fed manufacturing index lurches to a 5-month high in October

  • October 19, 2017
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  • realestate

Manufacturing activity in the mid-Atlantic heated up in October, the Philadelphia Fed said Thursday. Its gauge jumped 4.1 points to 27.9, the strongest reading since May. Any reading over zero signals improving conditions. Economists had forecast a reading of 20.2.

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Initial jobless claims slump to 44-year low

  • October 19, 2017
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The numbers: Initial jobless claims, a way to measure layoffs, sank by 22,000 to 222,000 in the week ended Oct. 14. That’s the lowest figure since March 1973 and well below the 244,000 MarketWatch forecast. The more stable monthly average of claims declined by 9,500 to 248,250, though it remains somewhat elevated because of the

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Housing starts tumble in September

  • October 18, 2017
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Housing starts ran at a 1.13 million seasonally adjusted annual rate, down 4.7% for the month, the Commerce Department said Wednesday. The consensus was for a 1.17 million pace. Starts were 6.1% higher compared to a year ago. Housing permits, which foreshadow future starts activity, also tumbled. They were down 4.5% for the month, and

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U.S. import prices surge 0.7% in September

  • October 17, 2017
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  • realestate

The cost of imported goods jumped 0.7% in September in the biggest gain in more than a year, led by fuel prices and industrial supplies. Excluding fuel, import prices rose a smaller 0.3%. Over the past 12 months the import price index has risen 2.7%, up from 2.1% in the prior month, the government said

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Empire State index jumps to three-year high in October

  • October 16, 2017
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The New York Fed reported that its Empire State manufacturing index climbed to a three-year high of 30.2 in October from 24.4 in September, topping the Econoday-compiled consensus of 20. Any reading over zero indicates improving conditions.

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U.S. inflation surges again after hurricane boosts gas prices, CPI shows

  • October 13, 2017
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The consumer price index rose 0.5% in September, the second big increase in a row and the largest in eight months. Economists polled by MarketWatch had forecast a 0.6% gain owing to higher gasoline prices.

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Social Security checks expected to increase

  • October 13, 2017
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Seniors who collect Social Security are slated to receive a 2% increase in their monthly checks in 2018, marking the biggest gain in six years. The cost-of-living adjustment is the largest since a 3.6% increase in 2012. Might not sound like much, but it’s a lot more than the nation’s 42 million retirees got in

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US retail sales rose in September

  • October 13, 2017
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U.S. retail sales were lower than expected in September, but recovered from the prior month’s 0.2 percent slide. The Commerce Department said on Friday retail sales rose 1.6 percent vs. the 1.7% expected.

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Unemployment rolls shrink to 44-year low, jobless claims show

  • October 12, 2017
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  • realestate

Initial weekly jobless claims fell by 15,000 to 243,000 in early October to mark the lowest level in six weeks. Economists polled had forecast claims to total 250,000. The more stable monthly average of new claims dropped by 9,500 to 257,500 in the week ended Oct. 7. The number of people already collecting unemployment benefits,

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U.S. wholesale inflation zooms higher in September

  • October 12, 2017
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The producer price index jumped 0.4% in September. Another measure preferred by economists, known as core PPI, rose a smaller 0.2%. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of wholesale inflation to 2.6%, the highest level since February of 2012.

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