Consumer sentiment continues to be buffeted by tariffs and worries about inflation. Sentiment is souring so much that, as the University of Michigan found in its final reading for April, consumers think prices are going to increase at the fastest pace since 1981. The overall reading...
Workers are willing to accept a lower wage for a new job amid a decline in several metrics for the labor market. “The average reservation wage — the lowest wage respondents would be willing to accept for a new job — dropped sharply to $74,236...
The number of initial claims for unemployment insurance in the U.S. fell by 9,000 during the week ended Saturday (April 12), signaling a stable labor market. The number of jobless claims dropped to 215,000, down from the previous week’s revised level of 224,000, the Department...
You’d have to go back to the last few seismic shocks to the U.S. economy — the pandemic and the Great Recession — to find this level of economic gloom among consumers. As measured by the preliminary April reading of consumer sentiment released Friday (April...
March 25, 2025
Consumers are weighed down by concerns about tariffs and the state of their own financial conditions — and they’re anything but confident. As they eye the so-far-unknown impact of tariffs, they seem, still, willing to spend, but that spending’s a “pull forward” before things get even more expensive. The latest data from The Conference Board […]
January 10, 2025
For the jobs market, this is the way the year ends — not with a whimper but a bang. Data released Friday (Jan. 10) by the Bureau of Labor Statistics...
December 06, 2024
It’s a natural reflex, part of human nature: When the pressure’s on, we look to a solution. For consumers living paycheck to paycheck, the prospect of moving on to the...
October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall...
April 21, 2025
Workers are willing to accept a lower wage for a new job amid a decline in several metrics for the labor market. “The average reservation wage — the lowest wage respondents would be willing to accept for a new job — dropped sharply to $74,236 from a series high of $82,135 in December,” the research […]
April 17, 2025
The number of initial claims for unemployment insurance in the U.S. fell by 9,000 during the week ended Saturday (April 12), signaling a stable labor market. The number of jobless...
April 10, 2025
The number of Americans filing initial claims for unemployment insurance rose by 4,000 during the week ended Saturday (April 5), the Department of Labor said in a Thursday (April 10)...
March 13, 2025
Jobless claims were little changed last week, dropping by 2,000, with analysts saying the labor market remains resilient. During the week ended Saturday (March 8), the number of Americans filing...
