Jobless Claims Decline for Week | Transport Topics Online | Trucking, Freight Transportation and Logistics News

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From Transport Topics
4/7/2011

Initial jobless claims fell by 10,000 last week, the Labor Department reported Thursday.

New claims fell to 382,000 for the week ended Saturday, below economists’ forecasts of a drop to 385,000 from the originally reported 388,000 in the prior week, Bloomberg reported.

It was the lowest level since Feb. 26.

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Small Businesses’ Confidence Hits Three-Year High | Transport Topics Online | Trucking, Freight Transportation and Logistics News

From Transport Topics
February 8, 2011

A survey released Tuesday showed that confidence among small businesses hit a three-year high, Bloomberg reported.

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The National Federation of Independent Business optimism index rose to 94.1 in January, the highest since the recession began in December 2007 as the outlook for sales and profits improved, the group said Tuesday.

The reading was lower than the average 100.7 during the last expansion that started in November 2001, Bloomberg reported.

Small businesses are defined as independent enterprises that employ up to 500 people.
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From Transport Topics
December 13, 2010

Consumer Confidence Hits Six-Month High

Consumer confidence rose to a six-month high this month, according to the preliminary monthly Thomson Reuters/University of Michigan consumer sentiment index released Friday.

The index rose to a reading of 74.2, from 71.6 in November. Economists had forecast a reading of 72.5, Bloomberg reported.

The final index will be released later in the month. An improvement in confidence may increase consumer spending, which accounts for 70% of the economy.

Consumer Confidence Hits Six-Month High | Transport Topics Online | Trucking, Freight Transportation and Logistics News

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Oil Slips After Topping $90 a Barrel | Transport Topics Online | Trucking, Freight Transportation and Logistics News

From: Transport Topics

Oil Slips After Topping $90 a Barrel

Oil declined Wednesday a day after topping $90 a barrel, following a Department of Energy report that showed higher gasoline and diesel inventories, Bloomberg reported.Image via Wikipedia

Crude futures fell more than $1 to below $88 a barrel on the New York Mercantile Exchange, after topping $90 in intraday trading on Tuesday, the highest level since October 2008.

Tuesday’s $88.69 per-barrel Nymex closing price was the highest since October 2008, when oil was falling from its record high levels of that summer.

Gasoline inventories rose 3.8 million barrels for the week ended Saturday, DOE reported in its weekly survey. That was in contrast to the 300,000-barrel decline forecast by economists, Bloomberg reported.
Distillates, which include diesel and heating oil, rose 2.15 million barrels, in contrast to the 900,000-barrel decline forecast, Bloomberg said.

Oil supplies fell by 3.8 million barrels, more than the 1.4 million-barrel drop predicted, Bloomberg reported.
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