U.S. Service Index Jumps To Eleven-Month High In January
3 Feb 2012 at 11:48pm
Activity in the U.S. service sector expanded at a faster than expected rate in the month of January, according to a report released by the Institute for Supply Management on Friday, with the index of activity in the sector rising to an eleven-month high.
The ISM said its non-manufacturing index rose to 56.8 in January from a revised 53.0 in December, with a reading above 50 indicating growth in the service sector. Economists had expected the index to edge up to 53.3.
U.S. Unemployment Rate Unexpectedly Drops To 8.3% In January
3 Feb 2012 at 11:36pm
The U.S. economy added far more jobs than were expected in the month of January, according to new government statistics released Friday, with the job growth unexpectedly pushing the unemployment rate down to its lowest level in almost 3 years.
The Labor Department report showed that the non-farm payroll employment jumped by 243,000 jobs in January following a revised increase of 203,000 jobs in December. Economists had expected employment to increase by about 140,000 jobs.
U.S. Factory Orders Rise Less Than Expected In December
3 Feb 2012 at 11:17pm
While figures released by the Commerce Department on Friday showed a notable increase in new orders for manufactured goods in the month of December, the pace of growth fell short of economist estimates.
ISM U.S. Service Index Rises More Than Expected In January
3 Feb 2012 at 11:11pm
Activity in the U.S. service sector expanded at a faster than expected rate in the month of January, according to a report released by the Institute for Supply Management on Friday, with the index of activity in the sector rising to an eleven-month high.
Payrolls Rise By 243,000 In January
3 Feb 2012 at 9:35pm
Payrolls expanded by much more than economists had predicted in January, while the unemployment rate declined.
Eurozone December Retail Sales Drop Unexpectedly
3 Feb 2012 at 7:14pm
Eurozone retail sales declined unexpectedly in December as consumers were reluctant to spend even during the Christmas season, official data revealed Friday.
U.K. Service Sector Expands Most Since March 2011
3 Feb 2012 at 6:40pm
The U.K. service sector expanded at the strongest pace in ten months in January, reviving hopes that the economy could avoid a recession and rebound in the first quarter of this year.
European Economics Preview: Eurozone Retail Sales Data Due
3 Feb 2012 at 2:07pm
Retail sales and Purchasing Managers' survey results from Eurozone are the major reports due on Friday, suggesting a light day for the European economic news.
European Jan. Online Recruitment Activity Decelerates
3 Feb 2012 at 1:24pm
The employment index for Europe declined in January from a month ago, while it revealed a slower year-on-year growth, in contrast to the double digit annual expansion seen throughout 2011, Monster Worldwide said Friday.
China Non-Manufacturing Growth Slows In January
3 Feb 2012 at 11:46am
Growth in China's non-manufacturing sector eased notably in January due to significant decline in construction activities during the New Year holidays, the latest survey by the China Federation of Logistics and Purchasing (CFLP) revealed Friday.
Australia Services PMI Due On Friday
3 Feb 2012 at 6:30am
Australia is on Friday scheduled to release January results for its AiG Services PMI, highlighting a very light day for Asia-Pacific economic activity. The PMI saw a score of 49.0 in December.
U.S. Productivity Growth Slows To 0.7% In Q4
2 Feb 2012 at 10:29pm
U.S. labor productivity increased by slightly less than expected in the fourth quarter of 2011, with a notable increase in hours worked partly offsetting a jump in output.
According to statistics released Thursday by the Labor Department, fourth quarter worker productivity increased by 0.7 percent in the fourth quarter compared to a revised 1.9 percent increase in the third quarter.
U.S. Weekly Jobless Claims Fall More Than Expected
2 Feb 2012 at 10:15pm
New unemployment claims in the U.S. fell to a lower level than most experts had expected, according to figures released Thursday by the Labor Department.
For the week ended January 28th, the Labor Department said initial claims for unemployment came in at a seasonally adjusted level of 367,000. That marks a decrease of 12,000 from the previous week's revised figure of 379,000.
Economists had expected jobless claims to edge down to 370,000.
U.S. Initial Unemployment Claims Fall To 367,000, Lower Than Expected
2 Feb 2012 at 9:36pm
New unemployment claims in the U.S. fell to a lower level than most experts had expected according to figures released Thursday by the Labor Department.
For the week ending January 28, the DOL reported a seasonally adjusted level of 367,000 initial claims for unemployment.
RTT Feeds for Forex Forum .Asia