Our preferred metric of new claims—the 13-week moving average—rose slightly to 211,000, still below the pre-pandemic level. … READ MORE >
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Senior Loan Officer Survey: Progress halts as inflation rebounds in Q1
Progress toward normalized lending practices generally halted in the first quarter as the Federal Reserve turned more hawkish amid the rebound in inflation, according to data in a Fed report announced on Monday. … READ MORE >
Robust jobs growth continues in health care
Health care job gains remain strong, according to the U.S. monthly report on April numbers. … READ MORE >
U.S. monthly employment report: Hiring cools in April
Hiring cooled in April from the torrid pace of 269,000 jobs on average during the first three months of 2024 as the economy generated an average increase of 175,000 in total employment. … READ MORE >
5 things to know in life sciences: Week of April 29, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
Labor data shows economic strength as inflation concerns linger
Despite a slowdown in productivity and rising labor unit costs, the economy continues to show strength with initial jobless claims staying near recent lows and factory orders posting solid growth. … READ MORE >
Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
Job openings fall to a three-year low as manufacturing softens
Job openings in March plunged to 8.49 million, the lowest level in three years, according to the Bureau of Labor Statistics on Wednesday. … READ MORE >
Key takeaways for life sciences on laboratory developed tests final rule
The FDA released a final rule regarding laboratory developed tests. There are key considerations on enforcement discretion and phaseout schedule. … READ MORE >
Labor costs rise, complicating Fed’s decision on rate cuts
The employment cost index rose by 1.2% in the first quarter, up from 0.9% previously, while the year-over-year growth stayed elevated at 4.2%. … READ MORE >