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December 26, 2024
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21. Initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week's unrevised level of 220,000. Although economists expected jobless claims to rise to 224,000, the Labor Department reported the less volatile four-week moving average crept up to 226,500, an increase of 1,000 from the previous week's unrevised average of 225,500. 12/26/2024 - 08:34:00 (RTTNews)
Singapore Dollar traded at 1.3589 against USD at 9:00 am PST.
According to the Economic Development Board, Singapore's industrial production growth quickened after easing sharply in the previous two months. Industrial production expanded 8.5% year-on-year in November, faster than the 1.2% rise in October, which was the slowest increase since the current sequence of growth began in July. Thus, the expected growth rate was 10.0%. Excluding biomedical manufacturing, industrial production grew 13.0% annually in November versus a 0.4% gain in the prior month. Monthly, industrial production dropped 0.4% in November after rebounding 0.1% in October. Among the major clusters, electronics output jumped 26.2% annually in November, and precision engineering output was 0.6% higher, led by higher production of front-end semiconductor equipment. On the other hand, biomedical manufacturing output logged a sharp decline of 21.2% compared to last year, and general manufacturing output dropped by 2.6%. 12/26/2024 - 01:20:00 (RTTNews)
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