Retail sales rose again in April, but the latest government data showed consumers continuing to shift spending toward necessities while pulling back in several categories tied to discretionary purchases and larger household items. Advance estimates from the Census Bureau on Thursday (May 14) showed retail...
Inflation accelerated again in April, intensifying pressure on consumers who were already struggling to keep pace with rising costs for food, housing and healthcare. The latest Consumer Price Index report from the Bureau of Labor Statistics, released Tuesday (May 12), showed inflation rising 3.8% year...
The labor market added jobs at a moderate pace in April, but the latest employment data also underscored a reality that has increasingly defined the U.S. economy. Front-line workers remain central to hiring growth even as many balance cautious optimism with concerns about long-term stability....
Consumers are more pessimistic and more uncertain about the rate of inflation over the next year than they were a month ago, according to data released Thursday (May 7) by the Federal Reserve Bank of New York. Households’ inflation expectations at the one-year-ahead horizon increased...
The number of hires increased to 5.6 million in March, a figure that was 655,000 higher than the previous month, the Bureau of Labor Statistics (BLS) said in a Job Openings and Labor Turnover Summary (JOLTS) report released Tuesday (May 5). The BLS highlighted 165,000...
Wage growth is easing across the private sector, and the latest Employment Cost Index makes clear the deceleration is no longer a blip. Private-sector wages and salaries rose 0.7% in the first quarter, according to data released April 30 from the Bureau of Labor Statistics....
The wallets are open, but the runway is getting shorter. Consumer spending in March continued to outpace income growth, with rising energy costs and everyday necessities absorbing a larger share of household income and leaving Americans with less financial flexibility than a year ago. The...
The Conference Board’s Leading Economic Index (LEI) declined by 0.6% in March amid higher oil prices and stressed supply chains. The LEI is based on 10 components and aims to indicate where the economy is heading in the near term, The Conference Board said in...
Polymarket has approached the Commodity Futures Trading Commission (CFTC) to seek an end to the current prohibition that keeps U.S. customers from accessing its prediction market platform, Bloomberg reported Tuesday (April 28). The company has “technically banned” Americans from using its platform since it reached a settlement with the...