Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.
Read More Wholesale Inflation Soars in February: Wealth Advisor Weighs InTag: eddy gifford
January Job Report Reveals Robust Growth Amidst Economic Uncertainty
Strong jobs data coincides with planned mass job cuts. Today’s January jobs report showed that 353,000 jobs were added.
Read More January Job Report Reveals Robust Growth Amidst Economic UncertaintyInflation Slows To 3.2% YoY, Marking Lowest Increase Since March 2021: CPI Report
Inflation went up to 3.2% year-over-year, down from 3.7% in September.
Read More Inflation Slows To 3.2% YoY, Marking Lowest Increase Since March 2021: CPI ReportAugust Jobs Report: Job Growth Slows, Rising Unemployment Rate
The August jobs report indicates that U.S. employers added 187,000 jobs last month, surpassing expectations, according to the Bureau of Labor Statistics.
Read More August Jobs Report: Job Growth Slows, Rising Unemployment Rate