Despite the labor market’s resilience and persistently low claims compared to historical norms, the steady increases in claims since late last year are ringing alarm bells. … READ MORE >
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5 things to know in life sciences: Week of June 19, 2023
From new medications for pediatric diabetes to an octopus-inspired patch for precise drug delivery. Each week we highlight the latest in life sciences. … READ MORE >
Initial jobless claims highest since November 2021
Initial jobless claims last week remained unchanged at 264,000, a figure that exceeded expectations and suggested that the robust labor market is softening. … READ MORE >
U.S. charitable donations fell last year
Donations to charity fell to $499 billion last year, a 3.4% decrease from 2021, according to a report released on Wednesday by Giving USA. … READ MORE >
Midyear global outlook: Slowdown followed by recovery as India leads the way
The global economy is in a precarious state these days, with the resilience that was exhibited earlier this year expected to fade. … READ MORE >
Housing starts and permits spike in May as sentiment improves
There were 1.6 million new housing starts in May—the most in two years and a 21.7% increase from the previous month. … READ MORE >
Consumer sentiment gains on improving inflation expectations
What is most notable from Friday’s consumer sentiment data is the plunge in year-ahead inflation expectations to 3.3% from 4.2%, an enouraging sign for the Fed in its effort to restore price stability. … READ MORE >
5 things to know in life sciences: Week of June 12, 2023
From new COVID-19 booster strategies to a telerobot pilot to enhance nursing care, each week we highlight the latest in life sciences. … READ MORE >
Government services companies work through pressure
Pressure from near-peer adversaries and an increased focus on supporting allied nations ensures that the U.S. modernization wave will persist. Contractors focused on the mission-critical needs of the government will find pockets of opportunity to advance the nation’s technical abilities and help U.S. allies do the same. … READ MORE >
Retail sales rise more than expected amid labor market softening
Retail sales rose more than expected in May, pointing to continued resilience in spending that might push a recession further down the road. The strong sales figure, though, was reported as layoffs continued to increase. … READ MORE >