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August 18, 2022
A report released by the Conference Board showed a continued decrease in its reading on leading U.S. economic indicators in July. The Conference Board said its leading economic index fell by 0.4% in July, following a 0.7% decrease in June. Despite the decline in the headline index, the report showed that the coincident economic index rose by 0.3% in July after increasing by 0.1% in June. The lagging economic index also increased by 0.4% in July, following a 0.7% advance in the previous month. 08/18/2022 - 10:45:00 (RTTNews)
A report released by the Labor Department unexpectedly showed a modest pullback in first-time claims for U.S. unemployment benefits on August 13th. The Labor Department said initial jobless claims edged to 250,000, a decrease of 2,000 from the previous week's level of 252,000. The report showed that the less volatile four-week moving average also dipped to 246,750, a decrease of 2,750 from last week's revised average of 249,500. 08/18/2022 - 08:37:00 (RTTNews)
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