Economy

Economy
US Labor Dept. Says a Record 4.3 Million Quit Jobs in August
October 12, 2021

People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report by the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock...

Economy
Sept. Jobs Report Disappoints, With Just 194K New Positions Added
October 08, 2021

New jobs increased by 194,000 in September, a far cry from economists’ estimates of 500,000 and a big dip from August’s 366,000 and 1.1 million jobs added in July, the Bureau of Labor Statistics reported on Friday (Oct. 8). Get the Full Story Complete the...

Economy
New Jobless Claims Drop for the First Time in 4 Weeks
October 07, 2021

New jobless claims for the week ending Oct. 2 dropped 38,000 to 326,000 compared to the previous week’s level of 364,000, according to the Thursday (Oct. 7) report from the Bureau of Labor Statistics. The previous week’s level was revised up by 2,000 from 362,000....

Economy
Inflation, Consumer Confidence Point to Bumpy Holiday Spending Season
October 06, 2021

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Economy
Hollywood’s Behind-the-Scenes Workers OK Strike Over Streaming Pay, Hours
October 04, 2021

The union representing the professionals working behind the scenes in Hollywood — set builders, costume designers, video engineers and others — authorized a strike following failed talks at the bargaining table, a move that could shackle new production, The Washington Post reported. Sticking points are...

Economy
Consumer Spending, Income Show Gains In August
October 01, 2021

U.S. personal consumer expenditures (PCE) rose 0.8% ($130.5 billion) last month, coinciding with an uptick in personal income of 0.2% ($35.5 billion) and a 0.1% increase in disposable personal income (DPI) ($18.9 billion), the Bureau of Economic Analysis reported on Friday (Oct. 1). Get the...

Economy
New Jobless Claims Up for Third Consecutive Week
September 30, 2021

The number of new jobless claims inched up again for the third week in a row, hitting 362,000 for the week ending Sept. 25, up 11,000 over the previous week’s unrevised 351,000, according to the Thursday (Sept. 30) report from the Bureau of Labor Statistics (BLS). Get...

Economy
US Consumer Confidence Dips for Second Month
September 28, 2021

U.S. consumer confidence has continued falling for the second month in a row due to inflation concerns as well as the persisting delta variant of COVID-19, according to a press release from The Conference Board regarding its Consumer Confidence Index. Get the Full Story Complete...

Economy
First-Time Weekly Jobless Claims up Slightly as Worker Shortage Continues
September 23, 2021

Estimated new jobless claims were 351,000 for the week ending Sept. 18, an increase of 16,000 over the previous week’s level, revised up by 3,000 to 335,000, according to the Thursday (Sept. 23) unemployment report from the Bureau of Labor Statistics. Get the Full Story...