Labor Dept. shows surprise increase in new unemployment claims
Pedestrians walk past the New York Stock Exchange on Monday on Wall Street in New York City. Photo by John Angelillo/UPI | License Photo July 22 (UPI) — After weeks of steady declines, the number of workers in the United States who have filed new unemployment claims has again surpassed 400,000, the Labor Department said…
Dow slides 300 points to cap off first weekly decline in a month amid inflation worries
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Andrew Kelly/Reuters US stocks dropped on Friday as investor concerns about rising inflation continued to linger.A better-than-expected June retail sales report was unable to move stocks higher.US consumers spent $621 billion at…
Russia heading for 2021 budget surplus, even with Putin spending goal -analysts
MOSCOW (Reuters) – Russia is on course to run a budget surplus this year, analysts say, a turnaround after strong half-year data, with high oil prices giving room to cover spending promises from President Vladimir Putin ahead of parliamentary elections.FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by…
Biden hails jobs numbers, gets testy with questions
President BidenJoe BidenConsultants found extensive concrete deterioration at Surfside building in 2020: report Arkansas coronavirus cases reach new high for second day since the winter Emergency physician gathering photos among wreckage of Surfside building collapse MORE on Friday hailed a new report showing the U.S. added 850,000 jobs in June, describing it as “historic progress”…
Dollar edges lower ahead of U.S. inflation data
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoGraphic: World FX rates https://tmsnrt.rs/2RBWI5ELONDON, June 25 (Reuters) – The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead…
U.S. jobless claims dropping faster in states ending federal benefit
A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. REUTERS/Andrew KellyWASHINGTON, June 24 (Reuters) – Ongoing claims for U.S. unemployment insurance have dipped faster in recent weeks in states ending federal benefits this summer than in states keeping the $300 weekly supplement…
U.S. fed funds futures raise odds of rate hike in early 2023 after Fed statement
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisNEW YORK (Reuters) -Futures on the federal funds rate, which track short-term interest rate expectations, on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least…
TSA screens nearly 2 million Memorial Day weekend travelers
May 29 (UPI) — The Transportation Security Administration screened 1.96 million passengers Friday — the highest number of passengers the agency has screened in a day since the COVID-19 pandemic began. TSA spokeswoman Alexa Lopez wrote on Twitter Saturday that the number of passengers screened by the agency is “creeping up to 2 million” as…
Economy adds 266K jobs in April, far below expectations
The U.S. economy added 266,000 jobs in April and the unemployment rate rose to 6.1 percent, an unexpectedly poor showing falling well below expectations. The less-than-expected...
U.S. economy added 916,000 jobs in March, as vaccinations spur return to normal
The U.S. economy gained 916,000 jobs last month and the unemployment rate fell to 6 percent, in the strongest indication yet that the labor market...
US jobless claims fall to 684,000, fewest since pandemic
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign...
Economy adds 379K jobs in first report of Biden presidency
The economy added a whopping 379,000 jobs in February, a major improvement from the 49,000 jobs added the previous month, and over double the 175,000 economists expected....
US consumers rebound to boost spending 2.4% as income jumps
WASHINGTON (AP) -- Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January in a sign that...
Economy adds 49K jobs in January, unemployment falls to 6.3 percent
Source: The Hill The U.S. added 49,000 jobs in January and the unemployment rate fell to 6.3 percent, 0.4 percentage point drop, according to data released Friday...
U.S. Economy Slows Sharply As Pandemic Resurges
Source: NPR The Commerce Department reported Thursday that the nation's gross domestic product grew just under 1% in October, November and December — a marked downshift...
Markets soar, breaking records on Pfizer vaccine news
Source: The Hill Stock markets skyrocketed Monday morning, breaking records on the news from Pfizer that late-stage clinical trial data for its COVID-19 vaccine candidate was...
US trade deficit falls to $63.9 billion in September
Source: Associated Press The U.S. trade deficit fell in September after hitting a 14-year high the previous month as exports outpaced imports. The gap between what...
US economy stabilizes with record gains after historic drop
Source: The Hill The U.S. economy swiftly recovered some of the deep losses driven by the onset of the coronavirus pandemic, according to data released Thursday by...
Gallup: Voters say U.S. economy, national security are top concerns
Source: UPI As is traditionally the case, the vast majority of Americans say the U.S. economy is their chief concern ahead of the presidential election, a...
U.S. unemployment rate fell to 8.4 percent in August
Source: Politico The unemployment rate dropped to 8.4 percent in August, the Labor Department reported on Friday, marking the fourth month of declines even as the...