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Tag: GDP

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation rises moderately, consumer spending cools

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.

Read More US inflation rises moderately, consumer spending cools
File photo: People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File photo

Monthly US consumer prices post first drop in four years as inflation subsides

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.

Read More Monthly US consumer prices post first drop in four years as inflation subsides
SAN FRANCISCO, CA - NOVEMBER 09: Job seekers wait in line to enter the San Francisco Hire Event job fair on November 9, 2011 in San Francisco, California. The national unemployment rate dipped this past month to 9 percent in October after employers added 80,000 jobs. (Photo by Justin Sullivan/Getty Images)

Report: U.S. Job Market Weakens In June

The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday. 

Read More Report: U.S. Job Market Weakens In June
Chicago, November 22, 2022. REUTERS/Jim Vondruska

Inflation rises moderately in April, consumer spending slows

It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.

Read More Inflation rises moderately in April, consumer spending slows
A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/File Photo

US labor market still tight; productivity falters in first quarter

The number of Americans filing new claims for unemployment benefits held steady at a low level last week.

Read More US labor market still tight; productivity falters in first quarter
A person takes a photo while looking toward the Manhattan skyline on the Winter Solstice in Brooklyn, New York City, U.S., December 21, 2021. REUTERS/Andrew Kelly/File Photo

US economic growth slows in first quarter; inflation surges

he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.

Read More US economic growth slows in first quarter; inflation surges

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