Workers deliver drinks to a pub in the City of London, Britain, on Tuesday, April 16, 2024. Bloomberg | Bloomberg | Getty Images Inflation in the U.K. fell to 3.2% from 3.4% in March, the Office for National Statistics said on Wednesday, but a series of higher-than-expected numbers prompted investors to increase their bets on…
Rising inflation in March didn’t deter consumers, who shopped faster than expected, the Commerce Department reported Monday. Retail sales rose 0.7% for the month, significantly faster than the Dow Jones consensus forecast of a 0.3% rise but below the upwardly revised 0.9% in February, according to Census Bureau data, which is seasonally adjusted. but are…
A measure of wholesale prices rose less than expected in March, perhaps providing some relief from fears that inflation will remain higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the Dow Jones consensus estimate of 0.3% and not as large as the 0.6% increase…
The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
The U.S. labor market once again surprised economists with its strength, adding more than 300,000 jobs in March, with some key sectors continuing to boost growth. Health care and social assistance were the sectors with the most employment gains – a common theme in recent years – with the creation of 81,300 jobs. Government and…
We’re hiring, part-time heroes wanted, sign at entrance to Target store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The unemployment rate among Black Americans jumped in March, according to data released Friday by the Labor Department. Unemployment among Blacks rose to 6.4% last month, compared to 5.6% in February. That’s…
Job creation in March far exceeded expectations, signaling continued acceleration in what has been a busy and resilient labor market. Nonfarm payrolls rose by 303,000 this month, well above the Dow Jones estimate of a 200,000 increase and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported…
A person works on a Bowlus recreational vehicle at the Bowlus factory in Oxnard, California, on February 23, 2024. Timothy Aeppel | Reuters March’s nonfarm payroll count is likely to suggest that hiring is continuing at a solid pace, although some weakening labor market fundamentals may come into greater focus when the Labor Department releases…
Two women hold an umbrella while sitting at an outdoor table of a cafe on April 1, 2024 in Rome, Italy. Emanuele Cremaschi | Getty Images News | Getty Images Inflation in the 20-nation euro zone fell to 2.4% in March, according to flash figures released on Wednesday by the European Union statistics agency, raising…
Flat Rock, North Carolina, parked tractor trailer billboard with now discontinuing Ingles Supermarket. Jeff Greenberg | Universal Images Group | Getty Images Private sector job growth grew in March at its fastest pace since July 2023, indicating continued momentum in the U.S. labor market, payroll company ADP reported on Wednesday. Companies added 184,000 workers during…
