The fastest-growing sectors of the U.S. economy over the course of the pandemic have been courier services, data processing and hosting, warehousing, and trucking, the Commerce Department’s quarterly report on the services sector showed Thursday.
The latest survey suggests that a slowdown in growth has not slowed down price increases.
The minutes of the Fed’s late July meeting appear to confirm the idea that Fed officials think the economy is strong enough to justify removing extraordinary monetary stimulus.
Housing starts dropped by far more than expected as shortages and rising costs hit builders.
Wisconsin voters have soured on the economy and thing things are going to get worse over the next year. Inflation is a big worry.
“Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020,” the NAHB said.
Retail sales declined by more than expected in July as consumer confidence crashed amid rising coronavirus infections and rapid inflation.
The Saudis, Russians, and other members of the oil cartel have rejected President Joe Biden’s request that they produce more oil to lower U.S. gasoline prices.
Record setting price increases did not spur an acceleraton of manufacturing activity in August, a survey from the New York Fed showed Monday.
The Supreme Court struck down a provision that lets renters decide on their own that they deserve immunity from eviction because of self-declared economic hardship related to the pandemic.
Steve Forbes criticized American Express (AmEx) for an internal “anti-racist” program that described capitalism as racist and deployed the common tropes of Critical Race Theory (CRT).
The confidence of Americans in the economy suffered an unexpected severe collapse in the first weeks of August. The University of Michigan’s Consumer Sentiment index fell to 70.2 from the end of July score of 81.2, the lowest score since
Polling by Gallup indicates that American views of the economy turned negative in July.
Furniture, appliances, and home electronics are all getting pricier.
Instead of cooling off, producer inflation came in even hotter in July.
The great used car inflation of 2021 has slowed down, but inflation is still rising in less volatile categories of consumer goods and services, data from the Bureau of Labor Statistics showed Wednesday.
The Atlanta Fed’s survey of business expectations show that firm think inflationary pressures are mounting, not subsiding.
The Consumer Price Index shows prices jumping even higher in July.
Adjusted for inflation, hourly compensation fell 2.7 percent in the second quarter, data released by the Bureau of Labor Statistics on the nonfarm business sector showed Tuesday.
An unexpected downturn in small business optimism.
Inflation expectations are running at a record high in the New York Fed’s consumer survey.
Rising labor and food costs are likely to eat into the returns, according to an analyst.
U.S. employers posted a record number of available jobs in June, data from the U.S. Bureau of Labor Statistics showed Monday. There were 10.1 million job openings on the last business day of June, according to the BLS. As well,
The July jobs report was the strongest in the history of the Biden administration — and yet real wages likely fell once again.
The better than expected jobs growth in July was driven by a rise in jobs held by whites. Black employment and black labor force participation declined.
Economists had forecast around 845,000 jobs.
Expect similar delays from all the big banks soon.
New claims for unemployment benefits fell to 400,000 in the week ended July 24, 24,000 below the upwardly revised figure for the previous week.
All 17 subsectors of the American economy’s services side experienced rising prices in July.
Robinhood shares surged higher at the market open Wednesday, bringing the newly public stock trading app’s rally to more than 120 percent for the week. Shares of Robinhood jumped 65 percent to around $77 per share on Wednesday. At one point
