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The U.S. Department of Labor announced on Friday that the U.S. monthly average hourly wage increased at a monthly rate, which is expected to increase, and the previous value increased. The U.S. monthly average hourly wage increased at an annual rate, and was expected to increase. The previous value was an increase. Additionally, U.S. monthly average weekly hours worked was in hours, expected was in hours, and previous value was in hours.
Data released by the U.S. Department of Labor on Thursday showed that the number of initial jobless claims in the U.S. unexpectedly fell to near a year low last week, indicating that the job market is strong, which may support the Federal Reserve’s expectations of raising interest rates this year. Specific data shows that the number of people filing for unemployment benefits in the United States fell by 10,000 in the week ending March 1.
On March 3, the U.S. Department of Commerce announced that the U.S. monthly trade deficit was 100 million U.S. dollars, higher than the estimated 100 million U.S. dollars and the monthly 100 million U.S. dollars. The increase in the U.S. trade deficit was mainly due to increased imports offsetting export growth. Imports in May rose from US$100 million to US$100 million, hitting the highest level since January. Exports increased from US$100 million in January to US$100 million in January, reaching the highest level since January.
The monthly growth in U.S. factory orders released on Wednesday was higher than expected, and the U.S. non-manufacturing industry's monthly growth rate was also higher than expected. U.S. factory orders increased slightly in March, indicating that the manufacturing industry is beginning to regain momentum and the market is regaining confidence in the U.S. economy. At the same time, strong U.S. service industry data increased expectations for the Federal Reserve to raise interest rates.
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