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Tag: Economics
EIA Natural Gas Storage Draw Of -174 Bcf Exceeds Analyst Expectations
Natural gas prices have started to move higher as traders reacted to the report. The storage draw exceeded analyst estimates, which may provide additional support to natural gas markets. However,…
U.S. Jobless Claims Surge to 219K, Pressuring Fed Outlook
The four-week moving average of initial jobless claims, which smooths out volatility, increased by 4,000 to 216,750. This uptick suggests a gradual increase in jobless claims rather than an isolated…
Private Payrolls Surge by 183K in January, Exceeding Expectations
Service Sector Drives Job Growth While Goods Production Falters All employment gains stemmed from the service sector, which added 190,000 jobs. Consumer-facing industries, including trade, transportation, and utilities, led hiring…