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November 26, 2025
A report released by the Labor Department on Wednesday showed a dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000.
With the dip, jobless claims fell to their lowest level since hitting a matching number in the week ended April 12th. The report said the less volatile four-week moving average also edged down to 223,750, a decrease of 1,000 from the previous week's revised average of 224,750.
Meanwhile, the Labor Department said continuing claims, a reading on the number of people receiving ongoing unemployment assistance rose by 7,000 to 1.960 million in the week ended November 15th. The previous week's level of continuing claims was down by 21,000 to 1.953 million from the 1.974 million originally reported. The four-week moving average of continuing claims crept up to 1,955,750, an increase of 750 from the previous week's revised average of 1,955,000. 11/26/2025 - 10:05:00 (RTTNews)
New orders for U.S. manufactured durable goods increased in September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5% in September after spiking by an upwardly revised 3.0% in August. The bigger increase by durable goods orders partly reflected surges by orders for electrical equipment, appliances and components and primary metals.
The report said orders for transportation equipment also rose by 0.4% in September after vaulting by 8.0% in August. While orders for non-defense aircraft and parts tumbled by 6.1% in September after spiking by 20.2 in August, orders for defense aircraft and parts soared by another 30.9% in September after skyrocketing by 48.3 in August.
Excluding orders for transportation equipment, durable goods orders increased by 0.6% in September after climbing by 0.5% in August. Ex-transportation orders were expected to inch up by 0.2%.
Meanwhile, the Commerce Department said durable goods orders excluding defense crept up by just 0.1% in September after jumping by 1.9% in August. The report also said orders for non-defense capital goods excluding aircraft, a key indicator of business spending, advanced by 0.9% for the second straight month.
Shipments in the same category, which is the source data for equipment investment in Gross Domestic Product (GDP), also increased by 0.9% in September after edging down by 0.1% in August. 11/26/2025 - 10:10:00 (RTTNews)
Australia's inflation accelerated in October largely driven by higher electricity costs. The monthly Consumer Price Index (CPI) rose 3.8% year-on-year in October after a 3.6% increase in September. On a monthly basis, consumer prices remained flat in October, following September's 0.5% rise.
The largest contributor to annual inflation was housing, which gained 5.9%. This was followed by food and non-alcoholic beverages and recreation and culture, which both rose 3.2%.
Driven by higher electricity prices, goods inflation edged up to 3.8% from 3.7% in September. Electricity costs posted an annual growth of 37.1%. At the same time, services’ inflation rose to 3.9% from 3.5%.
Trimmed mean inflation for the complete Monthly CPI was 3.3% in the twelve months to October, up from 3.2% in the twelve months to September.
Earlier this month, the Reserve Bank of Australia retained its key interest rate at 3.60% as the full effects of earlier rate cuts are yet to be felt and policymakers became cautious after data showed evidence of more persistent inflation. 11/26/2025 - 01:06:00 (RTTNews)
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