Crude, Gasoline and Distillate Inventories Fall
Jun 10, 10:47 AM ET |
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| Distillate fuel inventories decreased by 0.3 million barrels, and are above the upper boundary of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 4.4 million barrels from the previous week. At 361.6 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 1.6 million barrels last week, and are below the lower limit of the average range. Both finished gasoline inventories and gasoline blending components fell last week. |
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Trade Deficit Widens in April
Jun 10, 8:47 AM ET |
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| April exports were $2.8 billon less than March exports of $123.9 billion. |
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| The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $121.1 billion and imports of $150.3 billion resulted in a goods and services deficit of $29.2 billion, up from $28.5 billion in March, revised. |
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Wholesale Inventories Fall 1.4% in April
Jun 09, 10:19 AM ET |
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| The April inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, was 1.31. |
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| Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $405.4 billion at the end of April, down 1.4% from the revised March level and were down 6.2% from a year ago. The March preliminary estimate was revised downward $0.6 billion or 0.1%. |
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Unemployment Rises to 9.4%
Jun 05, 10:30 AM ET |
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| The number of unemployed persons increased by 787,000 to 14.5 million in May, and the unemployment rate rose to 9.4%. |
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| The unemployment rate surged to 9.4%, the worst it has been in 25 years. Manufacturing continues to shed jobs as automobile and parts makers lay off workers. Declines in services and construction sectors have moderated. |
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U.S. Productivity Up 1.6% in Q1
Jun 04, 9:09 AM ET |
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| Manufacturing productivity in the first quarter of 2009 fell at a slower rate than was reported on May 7. |
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| During the first quarter of 2009, productivity rose 1.6% in the nonfarm business sector; output fell 7.6% and hours of all persons fell 9%. The decrease in hours, 9%, was the largest since the first quarter of 1975, when hours fell 12%. |
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Jobless Claims Decline
Jun 04, 8:54 AM ET |
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| The advance unadjusted insured unemployment rate was 4.5% during the week ending May 23, a decrease of 0.1 percentage point from the prior week. |
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| In the week ending May 30, the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week''''s revised figure of 625,000. The 4-week moving average was 631,250, an increase of 4,000 from the previous week''''s revised average of 627,250. |
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Crude Oil Inventories Rise
Jun 03, 10:58 AM ET |
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| Distillate fuel inventories increased by 1.6 million barrels, and are above the upper boundary of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased by 2.9 million barrels from the previous week. At 366.0 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 0.2 million barrels last week, and are below the lower limit of the average range. Finished gasoline inventories fell last week while gasoline blending components inventories rose during this same time. |
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Bernanke's Testimony
Jun 03, 10:48 AM ET |
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| Activity in the housing market, after a long period of decline, has also shown some signs of bottoming. |
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| The U.S. economy has contracted sharply since last fall, with real gross domestic product having dropped at an average annual rate of about 6 percent during the fourth quarter of 2008 and the first quarter of this year. Among the enormous costs of the downturn is the loss of nearly 6 million jobs since the beginning of 2008. |
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ISM Non-Manufacturing Index at 44%
Jun 03, 10:35 AM ET |
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| ISM's Non-Manufacturing New Orders Index contracted in May for the eighth consecutive month. |
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| In May, the NMI registered 44%,indicating contraction in the non-manufacturing sector at a slower rate compared to April''''s reading of 43.7%. |
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Factory Orders Rise 0.7% in April
Jun 03, 10:14 AM ET |
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| Shipments, down nine consecutive months, decreased $0.8 billion or 0.2% to $357.3 billion. |
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| New orders for manufactured goods in April, up two of the last three months, increased $2.5 billion or 0.7% to $344.4 billion, the U.S. Census Bureau reported today. This followed a 1.9% March decrease. Excluding transportation, new orders increased 0.1%. |
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