U.S. unemployment claims jump last week
New claims for jobless benefits rose more than expected last week, possibly fueled by July closings of auto manufacturing plants for annual retooling, reportsBloomberg.
Consumers regaining confidence to buy?
The weekly Bloomberg Consumer Comfort Index climbed for the fourth straight week last week, suggesting that Americans are more comfortable about their finances than they have been in five years.
Export and import prices fall again
For the fourth straight month, U.S. import and export prices declined, according to U.S. Labor Department information, signaling slower worldwide economic growth, reports Reuters. Europe's debt crisis and China's slowing growth likely are influencing reduced prices. Some U.S. consumers could benefit from that but economists worry about the potential for deflation in a weakened economy.