A new report has revealed that the number of jobless claims has reached the highest in 10 months.
Read More Unemployment Claims Increase To Highest Level Since September 2023Tag: Labor Department
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 subsidesUS job growth slows moderately; unemployment rate rises to 4.1%
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
Read More US job growth slows moderately; unemployment rate rises to 4.1%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 JuneUS weekly jobless claims rise as labor market gradually slows
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 slowsUS consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevated