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Keyword: unexpectedly

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  • China's exports fall unexpectedly in August, as trade war continues to slam industrial economy

    09/08/2019 4:15:41 AM PDT · by WWG1WWA · 34 replies
    South China Morning Post ^ | 9/7/2019 | Finbarr Bermingham William Zheng
    China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy. Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs. July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of...
  • US trade deficit narrows much more than expected in a win for Trump

    02/06/2019 10:55:05 AM PST · by Red Badger · 7 replies
    CNBC ^ | 02-06-2019 | Jeff Cox
    The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases. But on a year-over-year basis, the gap rose by 10.4 percent. The U.S trade deficit with its global partners fell in November for the first time after five straight months of increases as the shortfall with China and several other countries declined. Tightening the balance between imports and exports has been a major goal of the Trump administration, which last year started levying tariffs in an effort to close the gap. A release from the government Wednesday showed the gap had...
  • Even More Winning: Jobless Claims Unexpectedly Fall to Lowest in Nearly Half a Century

    09/20/2018 7:37:46 AM PDT · by davikkm · 21 replies
    breitbart ^ | John Carney
    Jobless claims unexpectedly fell again last week to the lowest level since November of 1969. First-time claims for state unemployment benefits came in at 201,000, down from 204,000 in the previous week. Economists had predicted a rise to 210,000. Jobless claims are a proxy for layoffs and have been closely watched for signs that trade disputes and escalating tariffs could be costing Americans jobs. Record lows indicate that what many have described as a “trade war” is weighing far less on the U.S. economy than predicted by critics of the Trump administration.
  • Economy adds more jobs than expected in August, and wage growth hits post-recession high

    09/07/2018 6:38:04 AM PDT · by Red Badger · 29 replies
    CNBC ^ | 09/07/2018 | Jeff Cox
    Nonfarm payrolls grew by 201,000 in August. Economists surveyed by Reuters expected a 191,000 increase. Average hourly earnings jumped by 2.9 percent, above the 2.7 percent increase expected. The unemployment rate held near a generational low of 3.9 percent. Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday. Average hourly earnings rose 2.9 percent for the month on an annualized basis, while nonfarm payrolls grew by 201,000. Economists surveyed by...
  • Jobless Claims Unexpectedly Plunge to New Post-1969 Record

    09/06/2018 7:49:30 AM PDT · by markomalley · 47 replies
    Big Government ^ | 9-6-18 | John Carney
    Jobless claims fell last week even further to a new post-1969 record of 203,000. This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000.
  • South Africa 'unexpectedly' slides into recession as agricultural production plummets

    09/05/2018 10:26:46 AM PDT · by rktman · 37 replies
    americanthinker.com ^ | 8/5/2018 | Thomas Lifson
    Full title: "South Africa 'unexpectedly' slides into recession as agricultural production plummets in wake of plans to seize white-owned farmland." Gee, who could have possibly anticipated that threatening to steal (that is, expropriate without compensation) land from farmers who have worked it for generations would cause farmers to cut back on planting? Thus, we have Bloomberg telling us, "South Africa's economy unexpectedly shrank for the second consecutive quarter in the three months through June." The recession, based on a second-quarter decline in GDP of 0.8%, is entirely due to a steep decline in agricultural production: "the agriculture market fell back...
  • South Africa 'unexpectedly' slides into recession as agricultural production plummets

    09/05/2018 8:22:34 AM PDT · by SeekAndFind · 45 replies
    American Thinker ^ | 09/05/2018 | Thomas Lifson
    Gee, who could have possibly anticipated that threatening to steal (that is, expropriate without compensation) land from farmers who have worked it for generations would cause farmers to cut back on planting?  Thus, we have Bloomberg telling us, "South Africa's economy unexpectedly shrank for the second consecutive quarter in the three months through June."  The recession, based on a second-quarter decline in GDP of 0.8%, is entirely due to a steep decline in agricultural production: "the agriculture market fell back by 29.2 per cent, taking 0.8 per cent off GDP." This was entirely predictable.  Half a year ago, I warned that with expropriation of...
  • US economy grew 4.2% in second quarter, faster than first reported

    08/29/2018 10:47:29 AM PDT · by Red Badger · 19 replies
    Yahoooo!......... ^ | August 29, 2018 | Douglas Gillison
    Washington (AFP) - The roaring growth of the US economy in the second quarter was even faster than first reported, with new numbers showing a bigger boost in corporate spending, the government reported Wednesday. The uptick in estimates of second quarter spending by companies was sure to comfort President Donald Trump and supporters of December's sweeping corporate tax cuts who argue that lowering corporations' tax burdens will spur investment and growth. Gross Domestic Product advanced at an annual rate of 4.2 percent in the April-to-June period, a tenth of a point faster than initial estimates showed last month and --...
  • US jobless claims unexpectedly fall as job market strengthens

    02/01/2018 7:36:58 AM PST · by SeekAndFind · 28 replies
    CNBC via Reuters ^ | 02/01/2018
    The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 230,000 for the week ended Jan. 27, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 fewer claims received than previously reported. Economists polled by Reuters had forecast claims rising to 238,000 in the latest week. The Labor Department said claims for Maine were estimated last week. It also said claims-taking procedures in Puerto...
  • Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

    12/02/2016 7:26:58 AM PST · by Olog-hai · 33 replies
    Yahoo Finance ^ | 12/02/2016 | Sam Ro
    In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October’s 4.9%. “The trend in employment growth remains more than strong enough to keep the unemployment rate trending down,” Jim O’Sullivan, of High Frequency Economics, said. Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago....
  • Existing-Home Sales Unexpectedly Fall In August To 5.33 Million Rate

    09/22/2016 7:43:13 AM PDT · by BenLurkin · 14 replies
    investors.com ^ | 09/22/2016 | ed carson
    Existing-home sales for August an annual rate fell o.9% to 5.33 million units, the National Association of Realtors said Thursday, as the supply of existing homes for sales fell 10% vs. a year earlier. Economists had expected a rate of 5.44 million. Sales fell significantly in July to a revised 5.38 million, but from a recovery high. ... Tuesday, the Commerce Department reported August housing starts fell more than expected. But a day earlier, the National Association of Home Builders said its builder sentiment gauge soared in September to match an 11-year high. Meanwhile, the Federal Reserve's decision to leave...
  • Orders for U.S. Capital Goods Unexpectedly Fall for Third Month

    05/26/2016 5:57:58 AM PDT · by BenLurkin · 12 replies
    finance.yahoo.com ^ | 05/26/2016
    Some companies are paring investment plans as they assess the demand outlook in wake of weaker first-quarter growth and earnings, raising doubts about how quickly manufacturing can pull out of its slump. Global economies are struggling to improve, the oil industry has retrenched and factory customers are also bringing inventories more in line with sales. “There’s fragile sentiment when it comes to business investment,” said Thomas Costerg, a senior U.S. economist at Standard Chartered Bank in New York, who projected a decline in orders for business equipment. “The global growth picture is still unsettled. Corporate profits have softened as well....
  • US advance Q1 GDP up 0.5% vs. 0.7% expected (PATHETIC!)

    04/28/2016 5:54:35 AM PDT · by BradtotheBone · 26 replies
    CNBC.Com ^ | April 28, 2016 | Luke Sharrett
    U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014, the Labor Department said on Thursday in its advance estimate, also as businesses doubled down on efforts to reduce unwanted merchandise clogging up warehouses. The economy was also blindsided by cheap oil, which has hurt the profits of oil field companies like Schlumberger and Halliburton, resulting...
  • US retail sales down 0.3% in March vs. 0.1% increase expected [drink]

    04/13/2016 5:43:09 AM PDT · by mykroar · 11 replies
    CNBC.com ^ | 4/13/2016 | Reuters
    U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles, further evidence that economic growth stumbled in the first quarter.The Commerce Department said on Wednesday that retail sales declined 0.3 percent last month after being unchanged in February. Economists polled by Reuters had forecast retail sales edging up 0.1 percent last month. Retail sales excluding automobiles, gasoline, building materials and food services ticked up 0.1 percent last month after an upwardly revised 0.1 percent gain in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists...
  • Pending sales of previously owned homes unexpectedly fall

    12/30/2015 10:15:53 PM PST · by BenLurkin · 14 replies
    link only - Bloomberg
  • Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

    10/20/2015 11:08:42 AM PDT · by Perseverando · 10 replies
    The Economic Collapse ^ | October 19, 2015 | Michael Snyder
    When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports...
  • Final 2nd-quarter GDP estimate: +3.9%

    09/26/2015 6:15:30 AM PDT · by SeekAndFind · 15 replies
    h ^ | 09/26/2015 | Steve Eggleston
    Earlier today, the Bureau of Economic Analysis released the third and final estimate of GDP growth for the 2nd quarter, and on a seasonally-adjusted, annualized basis, real GDP grew by 3.9% in the past quarter. From the BEA release: The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was 3.7 percent. With the third estimate for the second quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased...
  • Pending Sales of Existing Homes Unexpectedly Fell in June

    07/29/2015 8:18:23 AM PDT · by BenLurkin · 9 replies
    NewsMax ^ | Wednesday, 29 Jul 2015 10:19 AM
    The index of pending home sales unexpectedly fell 1.8 percent, the first drop this year, after a revised 0.6 percent increase in May that was smaller than initially reported, figures from the National Association of Realtors showed Wednesday in Washington. The median forecast of 37 economists surveyed by Bloomberg called for a 0.9 percent gain. The data are consistent with the slow improvement in housing, restrained by still-tight lending standards and a limited selection of available properties. An easing of those conditions, along with an acceleration in wage growth, would allow more Americans to take advantage of cheap borrowing costs...
  • Producer Price [Wholesale Prices] Index Falls Unexpectedly In May

    06/13/2014 4:05:59 PM PDT · by BenLurkin · 11 replies
    Fox ^ | June 13, 2014 | Greg Robb
    The decline was unexpected. Economists polled by MarketWatch had predicted a 0.1% increase in the PPI after a 0.6% gain in April and a 0.5% rise in March. The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy. The price of services also decreased 0.2%. Personal consumption, a new index designed to foreshadow changes in the consumer price index, fell 0.2% in May.
  • The dirty little secret behind today's employment report

    04/04/2014 9:23:57 AM PDT · by cutty · 12 replies
    Yahoo ^ | APRIL 4, 2014 | Jeff Macke
    There's a dirty little secret buried in the monthly employment data. It's a secret so dark, so exquisitely threatening to the financial media industry that those who reveal it risk being expunged from the community like magicians revealing their tricks. The National Bureau of Labor Statistics reported that 192,000 jobs were added to the economy in March. The unemployment rate stayed flat at 6.7%. The participation rate rose to 63.2%. Now the dirty secret: none of that actually matters very much. 1.The number itself is simply impossible to measure with any accuracy ... 2.The unemployment rate is irrelevant. ... 3.No...