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Unemployment claims fall to 360,000, a new pandemic low
The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck in 2020.
Fed chair: Inflation will be ‘elevated’ in coming months
Federal Reserve Chair Jerome Powell said inflation “will likely remain elevated in coming months" before “moderating."
Consumer prices surge in June by the most since 2008
Prices for U.S. consumers jumped in June by the most in 13 years.
Yellen: Regulators to assess risk posed by climate change
U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate change poses to America's financial system.
Report offers gloomy assessment of Montgomery County’s economy
Montgomery County, long regarded as the state’s economic powerhouse, has struggled over the last decade-plus, lagging behind other local jurisdictions and losing millions of dollars in tax revenues annually, according […]
Have a seat: Patio furniture shortage tells tale of economic difficulties
There is a paradox of the fastest growth in generations at more than 6% yet also persistent delays for anyone trying to buy furniture, autos and a wide mix of other goods.
Service sector grows, albeit slightly slower in June
Growth in the services sector, where most Americans work, slowed in June after record expansion in May.
US adds a solid 850,000 jobs as economy extends its gains
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
Worried about inflation? Check paystubs, not just pump price
In terms of inflation, a big and sustained gain in wages would be even more dangerous than the price spikes already seen for oil and other commodities.
May consumer spending flat; incomes fall and prices jump
Consumer spending was flat in May, while inflation posted a sizable gain of 0.4%.
US economy up 6.4% in Q1 with stronger future gains expected
The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades.
US unemployment claims tick down to 411,000 as economy heals
The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving.
