U.S. Producer Prices Rise 0.1% in June
The tepid gain in the PPE points to “relatively subdued inflation, as most of the increase was driven by volatile categories of goods and services.”
Core Inflation Posts Biggest Jump in 17 Months
The pick-up in underlying inflation in June "argues against aggressive monetary stimulus from the central bank," an economist says.
Unemployment Dips to Lowest Level in 50 Years
A second straight month of strong U.S. job growth is "further evidence that February’s paltry 56,000 increase in jobs was an aberration."
U.S. Productivity Surges to 3.6% Gain in Q1
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
U.S. Moves to Limit ‘Joint Employer’ Liability
A Labor Department proposal is an "obvious road map" for companies to evade liability for labor law violations by franchisees, a critic says.
U.S. Employers Add 304,000 Jobs in January
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."
US Producer Prices Dipped More Than Expected in December
The unexpected drop could allow the Federal Reserve to remain patient on raising rates.
U.S. Consumer Prices Drop 0.1% in December
The Fed will view the first decline in the CPI since March as "further proof that price pressures are building more slowly than some have feared."
Job Openings Drop in November but Remain Strong
The gap between openings and unemployed workers could keep pressure on the Fed to raise rates despite a global economic slowdown.
U.S. Job Growth Slows to 155,000 in November
The unemployment rate remained at 3.7% and wages rose 3.1% on an annual basis, indicating continuing strength in the labor market.
AICPA Issues New Benefit Plan Audit Rules
The institute has been seeking to improve the quality of plan audits since a critical government report in 2015.