Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.
Read More US weekly jobless claims rise as labor market gradually slowsTag: Continuing Claims
US weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lowerUS fourth-quarter growth revised higher; labor market still strong
The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.
Read More US fourth-quarter growth revised higher; labor market still strongUS weekly jobless claims unexpectedly fall; labor market gradually cooling
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
Read More US weekly jobless claims unexpectedly fall; labor market gradually coolingUS retail sales miss expectations; producer prices accelerate
Consumer spending appeared to be slowing in the first quarter amid rising inflation and high borrowing costs.
Read More US retail sales miss expectations; producer prices accelerateUS weekly jobless claims increase moderately
The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing momentum.
Read More US weekly jobless claims increase moderately