Page 35 - Christopher Rupkey News Today

Despite the second straight weekly decline reported by the Labor Department on Thursday, claims are hovering near a five-month high. There have been job cuts in sectors like technology and housing amid fears of a recession as the Federal Reserve aggressively tightens monetary policy to quell price pressures.

Any downturn is likely to be mild because many consumers have a financial buffer and the labor market still has legs.

The Bureau of Labor Statistics reported on June 14 that wholesale prices went up quickly in May as inflation hounds the U.S. economy. The producer price index (PPI), which measures the average [...]

By Lucia Mutikani

WASHINGTON—The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some ...

The number of Americans filing new claims for unemployment benefits fell less than expected last week, suggesting some cooling in the labor market, though conditions remain tight. The economy’s outlook is darkening, with other data on Thursday showing homebuilding slumping to a 13-month low in May, weighed down by soaring mortgage rates and building material ...

U.S. producer prices increased solidly in May as the cost of gasoline surged, another sign of stubbornly high inflation that could force the Federal Reserve to raise interest rates by as much as 75 basis points on Wednesday. The report from the Labor Department on Tuesday followed on the heels of news last week that ...

The number of Americans filing new claims for unemployment benefits increased to the highest level in nearly five months last week, but that likely does not mark a material shift in labor market conditions, which remain very tight. The report from the Labor Department on Thursday also showed unemployment rolls remained at a more than ...

WASHINGTON (Reuters) — U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the

In April, U.S. job openings decreased, but remained at considerably high levels