The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.
Read More Weekly jobless claims at five-month low; consumer spending rises solidly
U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.
Read More US job openings drop to more than 3-1/2 year low in September
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
Read More Strong discretionary spending lifts US retail sales in September
The number of Americans filing for unemployment benefits just jumped to its highest level in over a year, a new report revealed on Thursday.
Read More Unemployment Claims Increase By 33,000 To 258,000: The Highest Level In Over A Year
Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.
Read More Higher food prices lift US consumer prices; Hurricane Helene boosts jobless claims
Over 72 million Americans will see a 2.5% cost-of-living adjustment to benefit payments in 2025, the Social Security Administration announced on Thursday.
Read More Social Security Announces 2.5% Cost-Of-Living Adjustment For Next Year