The number of initial claims for unemployment insurance dropped to 202,000 during the week ended Saturday (Dec. 30). That total was 18,000 less than the previous week’s revised level of 220,000, the Department of Labor (DOL) said in a Thursday (Jan. 4) press release. The...
The number of job openings in the United States was little changed in November, while the number of hires and total job separations decreased. On the last business day of November, there were 8.8 million job openings, the Bureau of Labor Statistics (BLS) said in...
Automakers enjoyed a resurgence in sales in 2023, but 2024 might be a different story. With major car companies due to report year-end sales figures this week, analysts are forecasting sales of new cars for the U.S. could reach nearly 15.5 million for 2023, a...
Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval, the Press Association reported Sunday (Dec. 31), citing interviews with industry experts. The report cited...
Persistent inflation and increasing prices for essential items, from groceries and utilities to fuel, have left most Americans treading water financially in recent years. And 2023 was no different. As of November, over 60% of Americans were living paycheck to paycheck, with 20% struggling to...
Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent years, when companies across various industries enjoyed strong consumer spending and the ability to increase prices, CNBC reported Friday (Dec....
Unemployment claims keep climbing, although some economists are still reportedly confident in the labor market. Figures released Thursday (Dec. 28) by the U.S. Department of Labor showed that jobless claims reached 218,000 for the week ending Dec. 23, a 12,000 claim increase from the prior...
The latest data from the Commerce Department reportedly adds to the indicators that inflation in the United States is approaching the Federal Reserve’s target. In November, prices fell for the first time since 2020, providing reassurance that the U.S. economy can avoid a recession while...
The number of initial claims for unemployment insurance rose by 2,000 during the week ended Dec. 16. There were 205,000 initial claims filed that week, up from the revised level of 203,000 for the previous week, the Department of Labor (DOL) said in a Thursday (Dec. 21) press...
