Preliminary results in the University of Michigan’s monthly consumer sentiment survey shows the index dropping 11.7% (80.4 to 71.0) compared to the same time a year ago, but up about 1% from August (70.3), according to a university announcement on Friday (Sept. 17). Get the...
For the week ending Sept. 11, new jobless claims were up 20,000 to 332,000 from the previous week’s level, which was revised up by 2,000 to 312,000, according to the weekly report from the Bureau of Labor Statistics on Thursday (Sept. 16). Get the Full...
New jobless claims for the week ending Sept. 4 dropped 35,000 to 310,000, the lowest level since March 14, 2020’s pre-pandemic rate of 256,000, the Bureau of Labor and Statistics reported on Thursday (Sept. 9). The week prior was revised up by 5,000 to 345,000....
Economists at Goldman Sachs slashed U.S. GDP forecasts for the second time in a month following a weak jobs report on Friday (Sept. 3) and the increasing spread of the delta variant, Forexlive, Bloomberg and other news outlets reported. Get the Full Story Complete the form to...
There was a time not long ago when a shopping trip could take up a consumer’s entire day. They would have scheduled a block of time on their calendar, preferably on the weekend, when they could go to one or several stores and get their...
President Joe Biden on Friday (Sept. 3) pinned the lackluster August jobs report — which showed 235,000 new nonfarm jobs added in the month, according to the U.S. Labor Department — on the continued spread of the delta variant and Americans who aren’t yet vaccinated....
Hiring stalled more than expected in August, with the addition of new 235,000 jobs after totaling 962,000 in June and 1.05 million in July, according to the U.S. Bureau of Labor Statistics (BLS) weekly report on Friday (Sept. 3). The unemployment rate dropped 0.2% to...
Special purpose acquisition companies (SPACs) have seen a rout wipe out much of their value after looking promising earlier in the year, The Wall Street Journal (WSJ) reported Thursday (Sept. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
New jobless claims for the week ending Aug. 28 dropped 14,000 to 340,000, beating forecasts of 345,000 and hitting the lowest level yet since the COVID-19 pandemic gripped the U.S. in March 2020, when it was 256,000. Get the Full Story Complete the form to...
