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Keyword: unexpected

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  • U.S. Industrial Output Falls (Yes that word again)

    06/15/2012 7:37:16 AM PDT · by C19fan · 31 replies
    Wall Street Journal ^ | June 15, 2012 | Tom Barkley and Ian Talley
    U.S. industrial production unexpectedly fell in May, with a slump in manufacturing activity providing another sign of concern for the economic recovery. Industrial production last month slipped 0.1%, the Federal Reserve said Friday. April's output figures were revised down slightly to a 1.0% gain, versus an initial estimate of a 1.1% jump.
  • U.S. Weekly Jobless Claims Show Unexpected Increase

    (RTTNews) - New claims for unemployment insurance in the U.S. unexpectedly saw a modest increase in the week ended June 9th, according to figures released Thursday by the Labor Department. The Labor Department estimated initial jobless claims at a seasonally adjusted level of 386,000, an increase of 6,000 from the previous week's revised level of 380,000. The increase surprised economists, who had expected jobless claims to edge down to 375,000 from the 377,000 originally reported for the previous week. Lindsey Piegza, an economist at FTN Financial, said, "While noticeably down from this time last year, claims remain elevated after the...
  • Weekly jobless claims drop after weekly upward revision (377,000 week ending 06/03/2012)

    06/07/2012 6:47:35 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 06/07/2012 | Ed Morrissey
    The only thing more amusing than the weekly upward revisions in the initial weekly jobless claims are the media reports of significant drops afterward. Today's case in point is the "drop" to 377,000 from last week's 383,000, which got revised upward to 389,000 ... the 64th upward revision in 65 weeks: In the week ending June 2, the advance figure for seasonally adjusted initial claims was 377,000, a decrease of 12,000 from the previous week's revised figure of 389,000. The 4-week moving average was 377,750, an increase of 1,750 from the previous week's revised average of 376,000.The advance seasonally adjusted...
  • BIG MISS: April Factory Orders Fall 0.6%, Ex-Cars Fall 1.1%

    06/04/2012 7:10:03 AM PDT · by mykroar · 26 replies
    Business Insider ^ | 6/4/2012 | Joe Weisenthal
    ORIGINAL POST: Last economic datapoint of the day: April factory orders come out at 10:00 AM ET. Analysts expect an increase of 0.2%. That compares to a decline of 1.9% in the previous month. Given all the bad news in econ data-world these days, this one will be closely watched for confirmation or negation of the trend. UPDATE: The numbers are out and bad. Factory orders fell 0.6% in April, which is way worse than the 0.2% growth anticipated. Last month was revised to a decline of 2.1% from a decline of -1.5%. And ext-transport, the decline was a solid...
  • US Factory Orders Post Surprise Fall in April

    06/04/2012 1:17:47 PM PDT · by Pollster1 · 20 replies
    CNBC ^ | 4 Jun 2012 | Reuters
    New orders for U.S. factory goods fell in April for the third time in four month . . . orders for manufactured goods dropped 0.6 percent during the month. The government also revised its estimate for new orders in March to show a steeper decline . . . The Labor Department on Friday reported that job creation slowed in May for the fourth straight month.
  • U.S. stock futures sink further after payrolls

    06/01/2012 6:02:23 AM PDT · by Hojczyk · 15 replies
    Market Watch ^ | June 1,2012 | Polya Lesova
    NEW YORK (MarketWatch) -- U.S. stock futures nearly doubled their losses on Friday after a U.S. government report showed the economy created many fewer jobs than expected in May. Down around 110 points before the data, futures on the Dow Jones Industrial Average DJM2 -1.64% slumped 185 points to 12,200 in recent trade. S&P 500 futures SPM2 -1.96% declined 25 points, or 1.9%, to 1,285. Nasdaq 100 futures NDM2 -1.94% slumped 44.25 points to 2,478.7.
  • Economy weaker than first thought

    05/31/2012 9:18:25 AM PDT · by Free ThinkerNY · 17 replies
    Associated Press ^ | May 31,2012
    WASHINGTON (AP) -- The U.S. economy is looking slightly weaker one day before a critical report on May job growth. Growth was a little slower in the first three months of the year than first estimated, largely because governments and consumers spent less and businesses restocked their supplies more slowly. The number of people who applied for unemployment benefits rose to a five-week high last week.

    Developing. Analysts expect to see 370K weekly claims. That would exactly be in line with last week's 370K. The number is one of the best high-frequency predictors of the economy and the market, so this is big. If this stays tame, it will do a lot to assure that things aren't deteriorating too badly. UPDATE: The number is 383K, a miss from an upwardly revised.
  • Pending Home Sales Unexpectedly Slide in April

    05/30/2012 7:43:30 AM PDT · by mykroar · 66 replies ^ | 5/30/2012 | Reuters
    Contracts to purchase previously owned homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed in April, fell 5.5 percent to 95.5, its lowest level since December. Economists polled by Reuters had expected signed contracts, which lead existing home sales by a month or two, to rise 0.1 percent after a previously reported 4.1 percent gain. The housing market has been one of the U.S. economy's weakest links as it recovers...
  • Muslim Brotherhood heading for surprise victory in first round of Egyptian election

    05/24/2012 7:03:19 PM PDT · by markomalley · 23 replies
    The Telegraph ^ | 25 May 2012 | Richard Spencer
    First results after polls closed at 9pm last night showed Mohammed Morsi, the leader of the Brotherhood's political front, the Freedom and Justice Party, taking an early lead, seemingly confirming the group's own earlier exit polls. Analysts stressed that the count would be long and difficult, with a formal result only due on Tuesday. But other campaigns, including that of Amr Moussa, the former Arab League secretary-general long considered the front-runner, also said Mr Morsi was ahead and at least likely to gain one of the two spots in next month's run-off. Whether he will go on to win that...
  • Weekly Jobless Claims Fall Slightly

    05/24/2012 6:42:07 AM PDT · by John W · 49 replies
    Reuters via FOX Business ^ | May 24, 2012 | Reuters
    New U.S. claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week. Claims have barely budged in the past four weeks indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls.
  • General Mills to cut 850 jobs

    05/22/2012 11:58:06 AM PDT · by Kartographer · 22 replies ^ | 5/22/12 | Alan Rappeport
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email to buy additional rights. General Mills, the US food company, said that it would cut about 850 jobs, or 2.4 per cent of its workforce, as it looks to slash costs. The move is part of a global restructuring plan that General Mills said on Tuesday would improve its efficiency and allow it to reinvest in high-growth products.
  • It's Thursday... Jobless Numbers Revised Up

    05/17/2012 1:28:20 PM PDT · by Kaslin · 9 replies
    Rush ^ | May 17, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: You remember last week -- you may not, but I do. And I'm here to tell you and to remind you. Last week there were headlines trumpeting that jobless claims were down 1,000 and the unemployment rate fell from 8.2 to 8.1%. They were honest and said it's not because new jobs are being created; it's because people are leaving the workforce and there's a smaller universe of people working and jobs available against which to compare the unemployed and get your percentage. Jobless claims down 1,000. Big news. The trend continues. But like always, it turns...
  • U.S. jobless claims unchanged at 370,000

    05/17/2012 5:36:22 AM PDT · by John W · 47 replies ^ | May 17, 2012 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000. Economists surveyed by MarketWatch had projected claims would fall to 365,000 on seasonally adjusted basis in the week ended May 12.
  • Romney backs away from gay adoptions [Friday night, after endorsing Thursday]

    05/12/2012 8:12:05 AM PDT · by kevcol · 167 replies
    CBS news ^ | May 11, 2012 | Matthew Shelley
    (CBS News) Republican presidential candidate Mitt Romney on Friday backed away from his support of adoptions by same-sex couples, saying that he simply "acknowledges" the legality of such adoptions in many states. A day earlier, Romney, in an interview with Fox News' Neil Cavuto, had indicated that while he does not support same-sex marriage, he considers the adoption of children by same-sex couples a "right." He said on Thursday: "And if two people of the same gender want to live together, want to have a loving relationship, or even to adopt a child -- in my state individuals of...
  • Non-Farm Payrolls Rise Less Than Exepcted, Up 115,000; Unemployment Rate at 8.1%

    05/04/2012 5:33:55 AM PDT · by TonyInOhio · 97 replies
    CNBC ^ | 05/05/12 | Unattributed
  • Weekly Jobless Claims Decline (Dropped by 27,000 to 365,000 in the week ended April 28)

    05/03/2012 6:21:23 AM PDT · by SeekAndFind · 21 replies
    Wall Street Journal ^ | 05/03/2012 | By JEFFREY SPARSHOTT And ERIC MORATH
    The number of U.S. workers filing new applications for unemployment benefits fell to its lowest level in a month last week, a hopeful sign for a labor market that has shown signs of weakening. Initial jobless claims dropped by 27,000 to a seasonally adjusted 365,000 in the week ended April 28, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires expected 378,000 new claims. The drop was the biggest since May 2011 and follows three weeks of disappointingly high readings. The prior week's claims were revised to 392,000—the highest since late November—from the initially reported 388,000. The four-week...
  • California tax revenue $3 billion less than target

    05/02/2012 7:34:19 PM PDT · by DeaconBenjamin · 32 replies
    LA Times ^ | May 1, 2012
    The legislative analyst’s office has a new number that is adding to California’s financial headache: $3 billion. That’s the total amount that tax revenue has lagged behind goals set by Gov. Jerry Brown’s administration in the current fiscal year. The shortfall was detailed in a report released on Tuesday by the nonpartisan office, which provides budget advice to lawmakers. Much of that gap comes from a disappointing April, the most important month for income taxes. Income taxes were $2.07 billion short of the $9.43-billion goal, and corporate taxes fell $143 million short of an expected $1.53 billion, according to the...
  • Employers could save billions by dropping workers from health plans, report shows

    05/01/2012 11:42:07 AM PDT · by ColdOne · 50 replies ^ | 5/1/12 | Jim Angle
    A new survey of Fortune 100 companies finds that the health care overhaul, contrary to the claims of its authors, created some perverse incentives for employers to drop workers from company insurance plans. Republicans on the House Ways and Means Committee surveyed the top 100 companies about how much they spent on health care -- a total of 71, covering 5.9 million employees, responded. The results suggested it would be far more attractive for companies to drop workers from those plans than keep them.
  • US GDP drops to 2.2% in Q1

    04/27/2012 6:34:25 AM PDT · by SeekAndFind · 33 replies
    Hotair ^ | 04/27/2012 | Ed Morrissey
    The US economy slowed in the first quarter of the year, dropping from the previous quarter’s 3.0% to 2.2%, according to the latest report from the Department of Commerce: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.The Bureau emphasized...