Tag: US

The US economy created 187,000 new jobs in July while the unemployment rate fell to 3.5%, the Bureau of Labor Statistics said Friday. Economists had expected job gains to total 200,000 with the unemployment remaining unchanged at 3.6%.

The number of Americans who applied for unemployment benefits last week rose slightly to 227,000 from a five-month low, offering more evidence that layoffs are low and the labor market remains robust.

Private-sector employment jumped by 324,000 in July, payroll processor ADP said, as businesses hired more workers to keep up with rising demand for their goods and services.

Mortgage rates have been holding at high levels for several weeks now, and that is taking its toll on homebuyers.

Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.

The U.S. employment cost index, the broadest measure of U.S. labor costs, rose 1% in the second quarter after gaining 1.2% in the first quarter, the Labor Department said Friday.

The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster than expected pace during the period, the Commerce Department reported Thursday.

WASHINGTON, July 26 (Reuters) – The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the U.S. central bank’s past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.

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Goldman Sachs forecasts “all-time high” demand in oil markets leading to a “sizeable deficit.”

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Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the back of positive economic activity.

The U.K. Competition and Markets Authority extended the deadline of its review of Microsoft’s takeover of Activision Blizzard to August 29.

JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations as the company benefited from higher interest rates and better-than-expected bond trading results.

Wholesale prices rose a meek 0.1% in May, extending a string of weak readings that suggest inflation in the U.S. is likely to continue to decelerate.

Consumer prices rose at the slowest pace since March 2021 as inflation showed further signs of cooling in June, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

European stocks are the cheapest they’ve ever been compared with their US peers, according to Citigroup Inc. strategists who have adjusted their global asset allocation to reflect this view.

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.

Yellen will discuss with China officials the importance of responsibly managing their bilateral relationship, communicating directly about areas of concern, and working together to address global challenges.

The unexpected jump in payrolls comes despite more than a year’s worth of Federal Reserve interest rate increases.

US Treasury secretary Janet Yellen will visit Beijing this week, marking the second trip by a cabinet official to China since ties between the world’s top two economies deteriorated earlier this year.