New Labor Department data show initial unemployment claims dropped to a level reached only four times in more than half a century, a year-to-date pace not seen since the late 1960s. Initial jobless claims fell by 10,000 to 196,000 in the week ended September 12, the Labor Department reported Thursday, beating economists' forecasts by a […] The post Weekly jobless claims fall to 196,000, a level almost never recorded since 1969 appeared first on American Almanac .
New Labor Department data show initial unemployment claims dropped to a level reached only four times in more than half a century, a year-to-date pace not seen since the late 1960s. Initial jobless claims fell by 10,000 to 196,000 in the week ended September 12, the Labor Department reported Thursday, beating economists' forecasts by a wide margin. Wall Street had expected roughly 207,000 new filings. The actual number came in more than 11,000 below that estimate, a gap that is hard to dismiss as statistical noise. Before this year, weekly claims had dipped to 196,000 or lower just four times since 1969. Not once between 1970 and 2018 did the number fall this low. The current figure puts the labor market in territory that most working…Open
The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security
Consumer prices rose in August compared to July, according to new data from the Department of Labor.
Inflation ticked up in August, largely due to an increase in the price of gasoline, raising concerns about potential Federal Reserve action on interest rates . PULSE POINTS WHAT HAPPENED: Consumer prices rose in August compared to July, according to new data from the Department of Labor. DETAIL: According to the new data released on Friday, consumer prices rose 0.4 percent in August, largely due to a 3.9 percent increase in gasoline prices, which surged 27.4 percent over the year. Meanwhile, grocery prices increased 2.2 percent, and electricity prices decreased 0.2 percent in August. Over the past year, the Consumer Price Index (CPI) increased by 3.4 percent, matching the annual rise reported in July. Core inflation, which excludes the…Open
State of the Union: The Iran War continues to roil energy markets. The post U.S. Inflation Stayed Hot in August, Setting Up Rate Hike Showdown appeared first on The American Conservative .
Prices at the pump and elsewhere continued to climb in August, according to new inflation data released Friday by the Bureau of Labor Statistics. The report found that the Consumer Price Index (CPI) rose 0.4 percent for the month, in line with Wall Street forecasts, putting annual inflation at 3.4 percent. Core prices, excluding food and energy, rose 0.3 percent. The report is the last major inflation reading the Federal Reserve will see before its policy meeting next week, where officials will consider whether to raise interest rates for the first time in three years. Gasoline prices surged 3.9 percent in August and accounted for more than a third of the overall increase. The broader energy index rose 2.1 percent as the Iran…Open
The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, and up from 4.8% in July, the government said Thursday. This new data could help determine whether the Federal Reserve raises interest rates. More: https://tinyurl.com/yxnj73ta #interestrates #economy #FederalReserve
