Weekly Jobless Claims Soar to Record 6.64M
Job losses amid the coronavirus pandemic amount to "a staggering, sudden blow to American workers never seen before in the U.S. economy."
U.S. Producer Prices Fall 0.6% in February
"The disinflationary impact from the [coronavirus] and the crash in oil prices will exert even more downward pressure on prices."
U.S. Productivity Grows at Revised 1.2% Rate in Q4
After the third-quarter contraction, “There is hope that the recent slight productivity uptick may lead to better results in the future."
Media to Go Tech-Free in Data Release ‘Lockups’
The Trump administration says reporters' use of computers in secure lockup rooms can give high-speed traders a "head start" on market-moving news.
U.S. Job Growth Slows Unexpectedly to 145,000
“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.
U.S. Weekly Jobless Claims Fall to 222,000
“The underlying trend in claims remains consistent with a strong labor market."
U.S. Consumer Prices Hit Highest Level in a Year
The CPI rose 2.1% in November on a year-on-year basis but the Fed "doesn’t expect inflation to sharply exceed its 2% goal anytime soon."
U.S. Job Growth Shatters November Forecasts
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
U.S. Producer Prices Post Biggest Gain in 6 Months
"Inflation needs to accelerate noticeably for the Fed to consider raising interest rates, and that doesn’t appear to be in the cards."
Weekly Jobless Claims Rise Slightly to 219,000
The data suggest “the labor market remains strong even as employers are becoming more cautious about hiring workers.”
U.S. Job Vacancies Fall to 7.22 Million in July
The government's latest JOLTS report "indicates that this is actually a labor market that is losing momentum."