Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report Shows
EconomyU.S. EconomyU.S. added 517,000 jobs in January, snapping five-month string of slowing employment growth Source link
Inflation
U.S. Job Openings Jumped at End of Last Year
Demand for workers has been elevated since mid-2021. Layoff totals increased slightly in December as some companies announced job cuts....
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
Consumer Spending Fell 0.2% in December as Inflation Cooled
EconomyU.S. EconomyUnderlying inflation cooled to its slowest pace since October 2021. Source link
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy
EconomyU.S. EconomyCentral bankers point to labor market as a primary driver of high inflation Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
Top Fed Official Sees Inflation Decline as Notable Improvement
A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over...
U.S. Retail Sales Fell 1.1% in December
EconomyU.S. EconomySales see biggest monthly decline of 2022 as consumers cut back at height of holiday season Source link
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Job Openings Held Nearly Steady in November, Showing Still-Strong Labor Demand
The historically high levels of available positions showed demand for labor remained strong at the end of 2022. Source link
Stay for Pay? Companies Offer Big Raises to Retain Workers
EconomyU.S. EconomyRecent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Source link
Consumer Spending Tapered Off Ahead of the Holidays
Households boosted spending on services while cutting outlays on goods, including autos. The outlook for the holiday-shopping season remains murky....
White House Looks at Benefits to Lure Americans Back Into Workforce
Biden administration officials are focusing on lagging worker participation as they craft a 2023 economic agenda. Source link
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
U.S. Inflation Eased in November, CPI Report Shows
U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021, the Labor Department said...
Slowing Growth Edges Out Inflation as Top Concern
Equities and fixed-income markets have diverged in December, suggesting that investors’ preoccupation with inflation is fading. Source link
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise
The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point...
