Americans sharply pulled back on retail spending in July even as inflation remained elevated, raising fresh questions about whether the U.S. economy is weakening beneath the surface of the Iran war’s supply-driven price shock.
Lettuce prices plunged more than 16% in July, according to new inflation data.
AI:Lettuce prices experienced a massive plunge of over 16% during July, marking a record drop driven largely by the ongoing cyclospora outbreak that has sickened thousands across the country. This sudden collapse in market value comes as health officials struggle to contain the contamination linked to fresh produce and trace the origins within the food safety system.Open
WASHINGTON (AP) — U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3.4% in July from a year ago, down slightly from 3.5% in June, [...]
The U.S. economy saw an unexpected job decline in July, while the unemployment rate ticked lower, according to the Bureau of Labor Statistics. Employers lost 23,000 jobs last month, while unemployment held steady at 4.1%. NewsNation's Brooke Shefer breaks down the numbers on "NewsNation Live." Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
Unemployment filings in the week ending August 1 increased by 1,000 applications over the previous week, for a total of 199,000, according to Labor Department data reported on Thursday.