Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The US job market is resilient as signs of recession strengthen

Weekly claims for unemployment benefits increase from 5,000 to 213,000 Continuous requests drop from 22,000 to 1,379 million WASHINGTON, Sept. 22 (Reuters) – The number of Americans filing new jobless claims increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive hikes. interest rates. The … Read more

Retail sales in the US rise unexpectedly, but inflation holds back spending

Retail sales rose 0.3% in August July data has been revised down to show a 0.4% drop in sales Major retail sales unchanged; July sales revised downwards Weekly claims for unemployment benefits drop from 5,000 to 213,000 Manufacturing production rose by 0.1% in August WASHINGTON, Sept. 15 (Reuters) – U.S. retail sales rebounded unexpectedly in … Read more

The Fed has seen it become more aggressive with the roar of inflation

Sep 13 (Reuters) – The Federal Reserve is likely to raise U.S. borrowing costs faster and further than previously expected, after Tuesday’s data showed underlying inflation widening rather than slowing as expected. Overall consumer prices rose 0.1% last month from July – economists were expecting a decline – and gained 8.3% over the previous year … Read more

Stubbornly high rents, food prices push US inflation in August

The consumer price index rose by 0.1% in August Rent, food and healthcare contribute to the rise in CPI Core CPI increased by 0.6%; it increased by 6.3% year over year WASHINGTON, Sept.13 (Reuters) – U.S. consumer prices rose unexpectedly in August, and underlying inflation accelerated due to rising rental and healthcare costs, giving the … Read more

The Fed has set another rate hike of 75 basis points; First pivot unlikely: Reuters poll

The woman holds US dollar banknotes in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Sign in BENGALURU, Sept. 13 (Reuters) – The Federal Reserve will make another 75bp interest rate hike next week and will likely keep its policy rate stable for … Read more

August retail inflation in India accelerates to 7% yoy as food prices rise

A worker carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS / Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Sign in BENGALURU, Sept. 12 (Reuters) – Indian retail inflation rose to 7% yoy in August, driven by soaring food prices, increasing pressure on the … Read more

Solid US Employment Growth in August; the pressure on the labor market begins to ease

Non-farm payrolls increase by 315,000 in August The unemployment rate rose to 3.7% from 3.5% in July Average hourly earnings 0.3%; up 5.2% year on year The average working week drops to 34.5 hours from 34.6 hours WASHINGTON, Sept. 2 (Reuters) – U.S. employers hired more workers than expected in August, but moderate wage growth … Read more

Slower, but still strong US employment growth expected in August

A “nowinging” sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, USA, September 1, 2022. REUTERS / Brian Snyder Register now for FREE unlimited access to Reuters.com Sign in Non-farm staff are expecting an increase of 300,000 in August Unemployment rate forecast unchanged at 3.5% Expected average hourly earnings up 0.4% WASHINGTON, … Read more

GLOBAL ECONOMY Global industrial activity in August was mixed, signaling an easing of pressure on costs

A worker checks machinery at a factory in Higashiosaka, Japan, June 23, 2022. REUTERS / Sakura Murakami Register now for FREE unlimited access to Reuters.com Sign in Factory activity in the United States is stable Euro zone, factory activity in Great Britain declined in August The Chinese factory’s activity declined for the first time in … Read more