GDP revised lower, manufacturing orders fall
"The Bureau of Economic Analysis on Thursday revised down the nation’s economic growth in the second quarter to a measly 1.3% annual rate, down from its previous estimate of 1.7%."
Pending Sales of Existing Homes in US Fell 2.6% in August
"Americans signed fewer contracts than forecast to purchase previously owned homes in August, showing the recovery in the housing market will be uneven.
"The index of pending home resales dropped 2.6 percent after a revised 2.6 percent gain in July that was more than initially reported, figures from the National Association of Realtors showed today in Washington. The reading compared with a median forecast of a 0.3 percent gain in a Bloomberg survey of 40 economists."
Jobless Claims in U.S. Fall More Than Forecast to Two-Month Low
"Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, a sign the labor market is getting back on track.
"Applications for jobless benefits decreased 26,000 to 359,000 in the week ended Sept. 22, the lowest since July, Labor Department figures showed today. Economists forecast 375,000 claims, according to the median estimate in a Bloomberg survey."
"The Bureau of Economic Analysis on Thursday revised down the nation’s economic growth in the second quarter to a measly 1.3% annual rate, down from its previous estimate of 1.7%."
Pending Sales of Existing Homes in US Fell 2.6% in August
"Americans signed fewer contracts than forecast to purchase previously owned homes in August, showing the recovery in the housing market will be uneven.
"The index of pending home resales dropped 2.6 percent after a revised 2.6 percent gain in July that was more than initially reported, figures from the National Association of Realtors showed today in Washington. The reading compared with a median forecast of a 0.3 percent gain in a Bloomberg survey of 40 economists."
Jobless Claims in U.S. Fall More Than Forecast to Two-Month Low
"Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, a sign the labor market is getting back on track.
"Applications for jobless benefits decreased 26,000 to 359,000 in the week ended Sept. 22, the lowest since July, Labor Department figures showed today. Economists forecast 375,000 claims, according to the median estimate in a Bloomberg survey."