The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from the Bureau of Labor Statistics indicated a bump in food prices month over month — both at the grocery store...
This month’s jobs report is projected to show slowing hiring and cooling wages. That’s according to a survey of economists published Thursday (July 4) by Bloomberg News, one day before the Bureau of Labor Statistics releases its monthly wages/employment report. This survey forecasts that payrolls likely increased by 190,000...
The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business day of April, down from 8.4 million in March, the Bureau of Labor Statistics (BLS) said in a Job Openings and Labor...
American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by an unrevised 0.9% during the last three months of 2023, the Bureau of Labor Statistics said...
April 05, 2024
Wages are increasing. The unemployment rate’s lower. The U.S. economy added more jobs in March than had been expected. And yet, it all may not be enough to offset the pressures confronting consumers living paycheck to paycheck. As reported Friday (April 5), and per data from the Bureau of Labor Statistics, employers added 303,000 non-farm […]
March 15, 2024
Call it status quo — and maybe a sense of ennui? The latest, preliminary readings of consumer sentiment for the month of March, issued Friday (March 15) by the University...
February 13, 2024
The latest data from the government on consumer prices indicates a bit of weary truth: Inflation’s settled in, seemingly for the long haul. The Bureau of Labor Statistics noted on Tuesday...
June 13, 2023
Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause. And while the headline data show that consumer prices overall rose...
July 12, 2024
The Producer Price Index (PPI), which measures wholesale prices, rose in June after seeing no change in May. Final demand prices rose 0.2% in June after remaining unchanged in May and increasing 0.5% in April, in seasonally adjusted figures, the Bureau of Labor Statistics (BLS) said in a Friday (July 12) press release. “The June rise […]
July 04, 2024
This month’s jobs report is projected to show slowing hiring and cooling wages. That’s according to a survey of economists published Thursday (July 4) by Bloomberg News, one day before the Bureau of...
June 04, 2024
The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business day of April, down from...
April 30, 2024
American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2% last quarter after increasing by...
