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Empire State manufacturing index up sharply in April
WASHINGTON (CBS.MW) -- Manufacturing activity in the New York area improved significantly in April, the New York Federal Reserve Bank said Thursday.
The bank's Empire State Manufacturing index rose to 36.1 in April from 25.3 in March.
This is just slightly below the record high 42.1 reached in February.
Readings over zero indicate expansion.
The gain in the index was much stronger than expected. Economists were expecting the index to rise slightly to about 27.5 in April.
The new orders index rose to 31.6 in April from 23.5 in March, while shipments rose to 41.6 from 26.3.
The employment index jumped to 19.8 in April from 9.7 while the workweek index rose to 22.2 from 11.9.
The prices paid index rose to a record high 56.2 from 50.0 in the previous month.
U.S. jobless claims highest in a month
WASHINGTON (CBS.MW) - U.S. weekly jobless claims rose to their highest level in a month in the weeks ending April 10, the Labor Department said Thursday.
The seasonally adjusted four-week average of first-time filings for state unemployment benefits rose by 6,750 to 344,250, the highest level since March 6.
Wall Street economists expected a slight increase in filings.
Initial claims in the most recent week jumped by 30,000 to 360,000, the highest since early February.
The data in the first week of April are particularly difficult to seasonally adjust, a Labor Department official said.
Meanwhile, the number of workers receiving state benefits fell below 3 million for the first time since the summer of 2001.
Continuing claims dropped 22,000 to 2.98 million.
WASHINGTON (CBS.MW) -- Manufacturing activity in the New York area improved significantly in April, the New York Federal Reserve Bank said Thursday.
The bank's Empire State Manufacturing index rose to 36.1 in April from 25.3 in March.
This is just slightly below the record high 42.1 reached in February.
Readings over zero indicate expansion.
The gain in the index was much stronger than expected. Economists were expecting the index to rise slightly to about 27.5 in April.
The new orders index rose to 31.6 in April from 23.5 in March, while shipments rose to 41.6 from 26.3.
The employment index jumped to 19.8 in April from 9.7 while the workweek index rose to 22.2 from 11.9.
The prices paid index rose to a record high 56.2 from 50.0 in the previous month.
U.S. jobless claims highest in a month
WASHINGTON (CBS.MW) - U.S. weekly jobless claims rose to their highest level in a month in the weeks ending April 10, the Labor Department said Thursday.
The seasonally adjusted four-week average of first-time filings for state unemployment benefits rose by 6,750 to 344,250, the highest level since March 6.
Wall Street economists expected a slight increase in filings.
Initial claims in the most recent week jumped by 30,000 to 360,000, the highest since early February.
The data in the first week of April are particularly difficult to seasonally adjust, a Labor Department official said.
Meanwhile, the number of workers receiving state benefits fell below 3 million for the first time since the summer of 2001.
Continuing claims dropped 22,000 to 2.98 million.
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Info.
13:30 - Dados States
8:30am 04/15/04 U.S. 4-WEEK INITIAL JOBLESS CLAIMS UP 6,750 TO 344,250
8:30am 04/15/04 U.S. WEEKLY INITIAL JOBLESS CLAIMS UP 30,000 TO 360,000
8:30am 04/15/04 U.S. CONTINUING JOBLESS CLAIMS DOWN 22,000 TO 2.98M
8:30am 04/15/04 U.S. APRIL EMPIRE STATE INDEX 36.1 VS 25.3 IN MARCH
8:30am 04/15/04 U.S. APRIL EMPIRE STATE INDEX ABOVE CONSENSUS 27.5
8:30am 04/15/04 U.S. CONTINUING JOBLESS CLAIMS LOWEST SINCE JULY 2001
8:30am 04/15/04 U.S. APRIL EMPIRE STATE PRICE INDEX SETS RECORD HIGH
8:30am 04/15/04 U.S. WEEKLY INITIAL JOBLESS CLAIMS UP 30,000 TO 360,000
8:30am 04/15/04 U.S. CONTINUING JOBLESS CLAIMS DOWN 22,000 TO 2.98M
8:30am 04/15/04 U.S. APRIL EMPIRE STATE INDEX 36.1 VS 25.3 IN MARCH
8:30am 04/15/04 U.S. APRIL EMPIRE STATE INDEX ABOVE CONSENSUS 27.5
8:30am 04/15/04 U.S. CONTINUING JOBLESS CLAIMS LOWEST SINCE JULY 2001
8:30am 04/15/04 U.S. APRIL EMPIRE STATE PRICE INDEX SETS RECORD HIGH
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