Latest News

Key Points The US workforce shank unexpectedly by 23 thousand, despite the unemployment rate staying unchanged. The US civilian labor force has declined in recent months meaning that many individuals have either given up on finding employment or retired. The foreign born labor force has declined, but not significantly. According to the Bureau of Labor Statistics (BLS), there were 23 thousand fewer employees working full-time in July. Despite the slight decline from June, the

The Bureau of Labor Statistics released its inflation data for the month of July on Wednesday. The overall Consumer Price Index (CPI) increased by 0.1 percent (seasonally adjusted) from the previous month. However, prices are still up by 3.4 percent from the previous year. Energy prices, especially from fuel, are driving the largest increases in prices year-to-date. The war in Iran is continuing to drive up oil prices as the number of ships passing through the Strait of Hormu

City level unemployment rates vary widely across the US. What is driving these trends? The Bureau of Labor Statistics (BLS) released its metropolitan area unemployment data for June on Wednesday. Out of the almost 400 metropolitan areas tracked by the Bureau of Labor Statistics (BLS), about half (178 cities) showed an increase in unemployment from the previous year. The nationwide unemployment rate for June was 4.2%, however, there is significant variation within each city. T

Takeaway: The latest data from the BLS shows that while nominal earnings rose, real earnings were flat from the same time last year. The Bureau of Labor Statistics released the Q2 data on weekly earnings this Tuesday, showing small gains in nominal wages. But persistent inflation is wiping out those gains. For the nearly 121 million full-time workers in the US economy, median weekly earnings rose by $55 from the second quarter of last year to $1,258. That's a rise of about 4.

Monthly Import Prices Increase Again In June, But Appear To Be Leveling Off The Import Price Report for June shows that import prices increased slightly - a 0.3 percent increase. However, import prices remain elevated, mainly due to the rise in fuel costs as a result of the war in Iran. Import prices began to rise sharply in February, coinciding with the beginning of the airstrikes targeting high-ranking officials in Iran. Shortly thereafter, Iran closed the Strait of Hormuz,

Prices Actually Fell In June, What's Driving The Decline? The Consumer Price Index (CPI) fell 0.4 percent last month, the first monthly decline since the pandemic, offering a tentative sign that the Federal Reserve’s inflation fight may finally be gaining traction. But the broader picture remains less encouraging. Prices are still 3.5 percent higher than a year ago, keeping inflation well above the Fed’s 2 percent target. That persistent pressure makes it likely that policyma

Details on the latest inflation numbers

Spending on new homes rose by 18.2 percent from the previous year, but rising costs and interest rates could slow down the pace of...

Job openings decline slightly in April, but remain some of the highest ever recorded. By Nate Griffin - Tuesday, June 1st, 2022 The...