U.S. Consumer Prices Increase 5.4% in June
"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."
U.S. Consumer Prices Surge 4.2% in April
The largest gain in the CPI in nearly 12 years reflects in part the comparison to extremely weak inflation a year ago amid pandemic lockdowns.
U.S. Economy Adds Only 266,000 Jobs in April
“It turns out it’s easier to put an economy into a coma than wake it up," one economist says.
Jobs Market Continues Surge With 916,000 Gain
With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."
U.S. Consumer Prices Increase 0.4% in February
Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.
Labor Cost Index Rises 0.7% in Fourth Quarter
“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."
U.S. Loses 140,000 Jobs Amid New Lockdowns
The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
U.S. Adopts New Independent Contractor Rule
"At its core, the rule makes it easier to classify workers as independent contractors rather than employees."
U.S. Consumer Spending Growth Slows to 0.5%
Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
Inflation Flat in October as Coronavirus Surges
“With the explosion in virus numbers putting downward pressure on demand in the short-term, we expect inflation to remain subdued for a while yet."
U.S. Employers Add 638,000 Jobs in October
“We're only half dug out of our hole, and each month's pace of jobs growth has been slower than the last since July."