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
Tag: labor market
US retail sales rise less than expected in May
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
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 lower
Walmart to pay US hourly store workers bonuses for first time ever
Both part-time and full-time associates will be eligible for the annual bonus program, the idea for which came from feedback from store workers.
Read More Walmart to pay US hourly store workers bonuses for first time ever
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
Eric Adams Says Illegal Migrants Could Help NYC Lifeguard Shortage: ‘They’re Excellent Swimmers’
On Tuesday, Mayor Eric Adams proposed hiring illegal immigrants to make up for the city’s lack of lifeguards, citing their “excellent” swimming abilities.
Read More Eric Adams Says Illegal Migrants Could Help NYC Lifeguard Shortage: ‘They’re Excellent Swimmers’