Today: October 05, 2024
Today: October 05, 2024

Latest From Lucia Mutikani

Economy

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

US consumer sentiment sours; dollar aiding inflation fight

U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year, but labor market strength was likely to

US consumer sentiment sours; dollar aiding inflation fight
Economy

Surging rents lift US consumer prices; underlying inflation grinding lower

U.S. consumer prices increased in September amid a surprise surge in rental costs, but a steady moderation in underlying inflation pressures supported

Surging rents lift US consumer prices; underlying inflation grinding lower
Economy

Gasoline, food drive US producer prices higher; core inflation cools

U.S. producer prices increased more than expected in September amid higher costs for energy products and food, but underlying inflation pressures at the

Gasoline, food drive US producer prices higher; core inflation cools
Economy

US job growth sizzles in September; wage inflation cooling

U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the

US job growth sizzles in September; wage inflation cooling
Economy

Low weekly jobless claims, shrinking trade deficit boost US economic picture

The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight

Low weekly jobless claims, shrinking trade deficit boost US economic picture
Economy

US inflation outlook brightens as underlying price pressures subside

Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two

US inflation outlook brightens as underlying price pressures subside
Economy

US GDP growth unrevised at 2.1% in second quarter as economy shows resilience

The U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government

US GDP growth unrevised at 2.1% in second quarter as economy shows resilience
Economy

US GDP revised down in every first quarter from 2020 to 2022

U.S. economic activity was either even weaker or not as strong as previously estimated in each of the first quarters of 2020, 2021 and 2022 amid downgrades

US GDP revised down in every first quarter from 2020 to 2022
Business|Economy|News

US consumer confidence sours on labor market jitters

U.S. consumer confidence dropped by the most in three years in September amid mounting fears over the labor market, though more households planned to buy a home

US consumer confidence sours on labor market jitters
Business|Economy|News

US single-family homebuilding surges, rising supply a near-term constraint

U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be

US single-family homebuilding surges, rising supply a near-term constraint
Business|Economy|News

US economy on solid ground as retail sales surprise on the upside

U.S. retail sales unexpectedly rose in August as a decline in receipts at auto dealerships was more than offset by strength in online purchases, suggesting

US economy on solid ground as retail sales surprise on the upside
Economy|Finance|News

US labor market stays afloat as unemployment rate falls to 4.2%

U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested the labor market was not falling off the cliff to

US labor market stays afloat as unemployment rate falls to 4.2%
Business|Economy|Finance|News

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more

US economy displays resilience with low layoffs, solid second-quarter growth
Economy|News

US consumer confidence scales six-month high, labor market angst rises

U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the labor

US consumer confidence scales six-month high, labor market angst rises
Business|Economy|Finance|News|Stock Markets

US business spending on equipment shows signs of cooling in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in

US business spending on equipment shows signs of cooling in July
Business|Economy|News

Sharp slowdown in US job growth boosts unemployment rate to 4.3%

The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was

Sharp slowdown in US job growth boosts unemployment rate to 4.3%
Economy|News

US weekly jobless claims highest in nearly a year amid summer volatility

The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor

US weekly jobless claims highest in nearly a year amid summer volatility
Economy|News

Slowing wage gains restrain US labor costs in second quarter

U.S. labor costs increased moderately in the second quarter as private sector wages grew at the slowest pace in 3-1/2 years, more evidence that inflation was

Slowing wage gains restrain US labor costs in second quarter
Economy|News

US job openings fall marginally, consumers less upbeat on the labor market

U.S. job openings fell modestly in June and data for the prior month was revised higher, suggesting the labor market continued to gradually slow and was not in

US job openings fall marginally, consumers less upbeat on the labor market
Economy|Finance|News

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|News

US economy regains speed in second quarter; price pressures easing

The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures

US economy regains speed in second quarter; price pressures easing
Economy|News

US goods trade deficit shrinks; new home sales extend decline

The U.S. trade deficit in goods narrowed in June for the first time this year amid a broad rebound in exports, but that probably was insufficient to prevent

US goods trade deficit shrinks; new home sales extend decline
Business|Economy|News

Record house prices depress US home sales in June

U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates

Record house prices depress US home sales in June
Economy|News

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that did not signal a material shift in

Summer auto plant shutdowns, Hurricane Beryl boost US weekly jobless claims

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