Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
The latest jobs report shows that job growth slowed in the month of October, coming in under economists’ expectations, while the unemployment rate was unchanged.
U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
U.S. job expansion over the 12 months ending in March was overestimated by a staggering 818,000 on Wednesday, which is a worrisome sign that the economy has continued to slow down.
U.S. inflation rose 2.9% in July versus a year ago, which fell below expectations in a result that likely paves the way for the Federal Reserve to finally begin cutting interest rates next month.
U.S. job growth slowed more than expected in July, with the unemployment rate increasing 4.3%, leading to fears that the labor market is faltering and the economy is heading for a possible recession.
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
Joe Biden continues to claim that his administration has done the most for the economy.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.