The Los Angeles Post
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Today: March 20, 2025
Today: March 20, 2025
Lucia Mutikani

Lucia Mutikani

Staff Writer

Latest From Lucia Mutikani

Business|Economy|Finance|News|US

US weekly jobless claims at nine-month low; labor market remains tight

The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week, indicating that strong job growth persisted in October

US weekly jobless claims at nine-month low; labor market remains tight
Economy|Finance|News|US

US economy delivers blockbuster performance in third quarter

The U.S. economy grew almost 5% in the third quarter, again defying dire warnings of a recession, as higher wages from a tight labor market helped to fuel

US economy delivers blockbuster performance in third quarter
Business|Economy|News|US

US consumer spending exits third quarter on strong note; monthly core inflation rises

U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading

US consumer spending exits third quarter on strong note; monthly core inflation rises
Business|Economy|US

Auto strikes to reduce US payrolls count in October -government report

Strikes by members of the United Auto Workers (UAW) union including against Detroit's Big Three car manufacturers could subtract at least 29,000 jobs from U.S.

Auto strikes to reduce US payrolls count in October -government report
Economy|News|US

Wages boost US labor costs, house price inflation picks up

U.S. labor costs increased solidly in the third quarter amid strong wage growth while house price inflation accelerated in August, the latest signs that the

Wages boost US labor costs, house price inflation picks up
Business|Economy|Finance|US

US job openings stay elevated, layoffs at nine-month low

U.S. job openings increased in September, pointing to persistent labor market tightness that is supporting the economy and likely to see the Federal Reserve

US job openings stay elevated, layoffs at  nine-month low
Business|Economy|News|US

U.S. manufacturing sector slumps in October-ISM

U.S. manufacturing contracted sharply in October after showing signs of improvement in prior months as new orders and employment slumped, likely reflecting

U.S. manufacturing sector slumps in October-ISM
Business|Economy|US

US labor market loosens as job gains slow, unemployment rate hits 3.9%

U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing

US labor market loosens as job gains slow, unemployment rate hits 3.9%
Economy|Finance|News|US

Slowing US inflation boosts hopes Fed done with rate hikes

U.S. consumer prices were unchanged in October as Americans paid less for gasoline, and the annual rise in underlying inflation was the smallest in two years,

Slowing US inflation boosts hopes Fed done with rate hikes
Business|Economy|News|US

US labor market loosening as weekly jobless claims hit three-month high

The number of Americans filing new claims for unemployment benefits increased to a three-month high last week, suggesting that the labor market was gradually

US labor market loosening as weekly jobless claims hit three-month high
Business|Economy|US

US housing starts rise moderately; tight supply supporting new construction

U.S. single-family homebuilding increased marginally in October and activity could remain moderate in the near term amid higher mortgage rates, which sent

US housing starts rise moderately; tight supply supporting new construction
Business|Economy|Finance|News|Stock Markets|US

US existing home sales slump to more than 13-year low, prices accelerate

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove

US existing home sales slump to more than 13-year low, prices accelerate
Business|Economy|Finance|News|US

US weekly jobless claims fall; business spending on equipment easing

The number of Americans filing new claims for unemployment benefits fell more than expected last week, but that likely does not change the view that the labor

US weekly jobless claims fall; business spending on equipment easing
Business|Economy|Finance|US

U.S. business activity steady in November - S&P Global survey

U.S. business activity held steady in November, but employment in the private sector declined for the first time in almost three-and-a-half years, consistent

U.S. business activity steady in November - S&P Global survey
Business|Economy|Finance|US

Higher mortgage rates weigh on US new home sales in October

Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the

Higher mortgage rates weigh on US new home sales in October
Economy|Finance|News|US

US consumer confidence rebounds, house prices maintain upward trend

U.S. consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses

US consumer confidence rebounds, house prices maintain upward trend
Business|Economy|Finance|US

US labor market steadily slowing; wholesale inventories revised down

The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing

US labor market steadily slowing; wholesale inventories revised down
Economy|Finance|News|US

Stubbornly high rental costs lift US consumer inflation in November

U.S. consumer prices unexpectedly rose in November as a decline in the cost of gasoline was more than offset by increases in rents, further evidence that the

Stubbornly high rental costs lift US consumer inflation in November
Business|Economy|News|US

US manufacturing output increases in November, underlying trend soft

Production at U.S. factories rose in November, lifted by a rebound in motor vehicle output following the end of strikes, but activity was weaker elsewhere as

US manufacturing output increases in November, underlying trend soft
Business|Economy|News|US

US labor market resilience keeps economy afloat as year ends

The number of Americans filing new claims for unemployment benefits rose marginally last week, the latest suggestion that the economy was regaining some

US labor market resilience keeps economy afloat as year ends
Business|Economy|Finance|News|US

US job openings, quits near three-year low as labor market eases

U.S. job openings fell to nearly a three-year low in November as the labor market gradually cools, which could pave the way for the Federal Reserve to start

US job openings, quits near three-year low as labor market eases
Business|Economy|Finance|Stock Markets|US

Weekly US jobless claims fall to two-month low; labor market steadily cooling

The number of Americans filing new claims for jobless benefits dropped to a two-month low last week, pointing to underlying labor market strength even as

Weekly US jobless claims fall to two-month low; labor market steadily cooling
Business|Economy|Finance|US

US economy cranks out jobs at brisk clip in December; wages increase

U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the

US economy cranks out jobs at brisk clip in December; wages increase
Economy|Finance|News|US

US trade deficit shrinks in November on falling imports

The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it

US trade deficit shrinks in November on falling imports
Economy|Finance|News|US

US producer prices unexpectedly fall; goods deflation seen persisting

U.S. producer prices unexpectedly fell in December amid declining costs for goods such as diesel fuel and food, suggesting inflation would continue to subside

US producer prices unexpectedly fall; goods deflation seen persisting

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