Consumer sentiment for March dropped to 63.4 from 67 as consumers’ confidence in the current economic conditions and their expectations both worsened on the month, though the survey results did not reflect the recent turmoil in financial markets … READ MORE >
How many jobs need to be sacrificed to tame inflation? Cost is rising, RSM models show.
Under our base case, a loss of 2.5 million jobs is consistent with a 5.1% unemployment rate, 3% inflation and a likely recession under current economic conditions. … READ MORE >
Jobless claims and housing starts come in hotter than expected
Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. … READ MORE >
Retail sales and producer inflation fell in February
Retail sales dropped in February after surging in January, while producer inflation fell unexpectedly on the month, signaling easing demand pressures. … READ MORE >
Canada’s job gains came in hotter than expected as wage growth spiked
The net change in Canada’s total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only 10,000. … READ MORE >
Initial jobless claims spike to highest level since December
New claims for jobless benefits last week came in hotter than expected at 211,000, significantly higher than the 190,000 of the previous week. … READ MORE >
The debt ceiling stand-off: Frequently asked questions
What exactly is the debt ceiling, and other frequently asked questions. … READ MORE >
Job openings remained plentiful in January, adding to pressure on the Fed
January’s job openings—a proxy for labor demand—fell to 10.8 million from an upwardly revised 11.2 million in December. … READ MORE >
U.S. service sector expands in back-to-back months
The U.S. service purchasing managers index registered at 55.1 in February, only slightly lower than the prior month at 55.2. … READ MORE >
New jobless claims fall again amid strong labor market
New claims dropped by 2,000 to 190,000 for the week ending Feb. 24, lower than the pre-pandemic average at 218,000, according to Labor Department data released on Thursday. … READ MORE >