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."
Weekly Jobless Claims Fall Slightly to 840,000
"Hanging around the 800k+ level is still not a good place to be, especially going into the winter."
U.S. Job Gains Slow to 661,000 in September
“The pace of jobs recovery apparent in today’s report suggests that we will be counting the employment recovery in years, not months or quarters."
Unemployment Dips to 8.4%, Job Gains Slow
The slowing job growth is “a warning that the recovery could go into reverse this fall without further government support.”