Sales of new single-family homes rose sharply in March, increasing 20.7 percent to 1.021 million at a seasonally-adjusted annual rate from a 846,000 pace in February.
Initial claims for regular state unemployment insurance totaled 744,000 for the week ending April 3, up 16,000 from the previous week’s upwardly revised tally of 728,000 (see first chart).
U.S. nonfarm payrolls added 916,000 jobs in March after a gain of 468,000 in February and 233,000 in January.
Sales of light vehicles totaled 17.7 million at an annual rate in March, well above the 15.8 million pace in February and the fastest pace since October 2017.
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index rose again in March, registering a 64.7 percent reading for the month, the highest since December 1983.
Initial claims for regular state unemployment insurance totaled 719,000 for the week ending March 27, up 61,000 from the previous week’s downwardly revised tally of 658,000, the lowest of the…
Initial claims for regular state unemployment insurance totaled 684,000 for the week ending March 20, down 97,000 from the previous week’s tally of 781,000 (see first chart).
Initial claims for regular state unemployment insurance rose in the latest week and the prior week was revised higher, falling short of expectations for a drop to 700,000.
The Consumer Confidence Index from The Conference Board rose in February, increasing by 2.4 points to 91.3.