The number of job openings in the United States declined to 7.67 million in July, down from 7.91 million in June and 8.81 million a year earlier. The Bureau of Labor Statistics (BLS) released these figures Wednesday (Sept. 4) in a press release and table...
Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of $2.169 billion, the Census Bureau said in a Monday (Sept. 3) press release. The drop was greater than expected by...
Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts say to lower — interest rates. While that move is expected to potentially make borrowing money more attractive for business...
The reality is that inflation is cooling. But perception, as they say, is reality. As captured in a PYMNTS Intelligence report in August, the reality is that the current level of essential goods and services is making it hard for paycheck-to-paycheck consumers to make ends...
Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug. 29). Real GDP increased at an annual rate of 3% in the second quarter, according to the BEA’s second estimate...
The latest unemployment data reportedly points to a continued gradual cooling of the labor market. During the week ended Saturday (Aug. 24), the number of initial claims for unemployment insurance decreased by 2,000, the Department of Labor (DOL) said in a Thursday (Aug. 29) press...
The Bureau of Labor Statistics (BLS) is changing how it announces data after an incident in which a data release was delayed but the information was shared with some external users who called or emailed to ask about it. This incident — which centered on a...
U.S. companies ordered less business equipment last month, new government data shows. Figures released Monday (Aug. 26) by the Commerce Department show that the value of core capital goods, typically seen as proxy for spending on equipment — outside of military hardware and aircraft —...
The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market and an upcoming cut in interest rates. The total of 232,000 initial claims filed during the week was up from...
