Page 8 - Christopher Rupkey News Today

Job growth jumped a bit in August but unemployment rose to its highest level in over a year. The new data could help Fed to push pause on rate hike strategy as broader economy shows signs of cooling off.

WASHINGTON - U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services, but slowing monthly inflation rates cemented expectations that the

U.S. job openings fell to the lowest level in almost 2-1/2 years in July, indicating a slowdown in the labor market and increasing expectations that the Federal Reserve will keep interest rates unchanged. The decline in job openings was led by the professional and business services sector, healthcare and social assistance, and state and local government.

U.S. job openings dropped to the lowest level in nearly 2-1/2 years in July as the labor market gradually slowed, bolstering expectations that the Federal Reserve will keep interest rates unchanged next month. The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed the number of people quitting their jobs dropped to levels last seen in early 2021, indicating that Americans were becoming less confident in the labor market. That was reinforced

US job openings dropped to their lowest level in nearly 2 1/2 years, and the number of people quitting their jobs dropped to levels last seen in early 2021.

Pound US Dollar Exchange Rate Strengthens

The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market even as job growth slows.

Homebuyers are increasingly turning to newly built single-family homes, representing a record 31.4% of homes on the market in the second quarter.

House Construction In USA: The sharp rebound in groundbreaking on single-family housing units reported by the Commerce Department on Wednesday was another sign of the economy continuing to defy dire forecasts of a recession.

WASHINGTON: US private payrolls rose more than expected in July as small businesses boosted hiring, pointing to...