The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points in an attempt to cool inflation not seen in…
Tag: U.S. Labor Department
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
Weekly U.S. jobless claims rise more than expected
The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended September 25th, according…
Hotter-than-expected inflation: Consumer prices jump 5% in May, fastest pace since the summer of 2008
U.S. Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. …
U.S. jobs report sharply misses expectations, unemployment rate rises to 6.1%
The U.S. economy added 266,000 jobs in April, sharply missing economists’ expectations to mark the largest expectation gap in 23 years…
Wall Street slips as tech slide resumes, U.S. jobless claims rise
Wall Street’s main indexes fell on Thursday as investors continued to shift out of tech shares, while a rise in U.S. weekly jobless claims…
U.S. weekly jobless claims fall to better-than-expected 751,000; lowest level since March
Initial weekly U.S. jobless claims fell to 751,000 for the week ending October 24th, down 40,000 from the previous week. It was the lowest…
U.S. surprisingly adds 2.5 million jobs, unemployment rate falls to 13.3%
The May jobs report showed a surprising rise in the number of U.S. non-farm payrolls in the economy and a drop in the U.S. unemployment rate from April…
Trump administration discusses coronavirus response with tech firms
Trump administration officials, including U.S. Chief Technology Officer Michael Kratsios who led the call, discussed the response to the coronavirus…
Trump administration to meet with Apple, others to discuss ways to control coronavirus outbreak
Trump administration officials will meet reps from Apple and other large tech companies on Wednesday to coordinate efforts over the coronavirus outbreak…
Dow jumps 300 points on strong U.S. jobs report; Apple hits new all-time high
U.S. stocks soared Friday after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs…
November U.S. job growth increased by the most in 10 months, confirming economic expansion continues
Employers added 266,000 jobs in November and unemployment matched a 50-year low of 3.5%…
U.S. weekly jobless claims fall to the lowest level since 1969
The number of Americans filing applications for unemployment benefits fell to more than a 49-year low…
U.S. jobless claims plunge to lowest level since 1973
Jobless claims are at the lowest level in more than four decades, indicating employers…
U.S. unemployment rate falls to 10-year low, Apple shares hit new all-time highs
Job creation in April bounced back from a disappointing March…
Stocks struggle to hold gains; Apple slides
Major averages are on pace for their biggest weekly drop in more than four months…
