The recent surge in domestic prices continued as consumer prices increased by 0.9% on a monthly basis and by 5.4% on a year-ago basis, according to Labor Department data released on Tuesday. … READ MORE >
coronavirus
Coronavirus update: Vaccines and the pandemic in 6 charts
The emergence of the Delta variant presents another round of economic risks that are part of the reason why we recently lowered our growth forecast for the year from 7.5% to 7% in the United States. … READ MORE >
CHART OF THE DAY: Inflation expectations remain rational and muted
A look at one of our preferred measurements of inflation expectations implies that the risk of a sustained outbreak of inflation is receding just as another set of inflation data—the Consumer Price Index for June—is about to be published on Tuesday. … READ MORE >
CHART OF THE DAY: Improving labor market signals increased consumer confidence and spending
The steady drop in unemployment claims this year coincides with a steady increase in consumer confidence, as seen in the Langer Research Consumer Comfort Index. … READ MORE >
Initial jobless claims imply that ending benefits does not improve employment numbers
First-time claims inched higher by 2,000, to 373,000, for the week ending July 3 from an upwardly revised 371,000 for the week ending June 26, according to the Labor Department. … READ MORE >
CHART OF THE DAY: May was another good month for the labor market
The Job Openings and Labor Turnover Survey suggests that American workers are enjoying a moment when work is plentiful and firms appear willing to meet demand for higher wages. … READ MORE >
Economic update: GDP to grow above 7% this year as expansion takes hold
The American economy will continue to boom in the second half of the year following what we expect will be 7.8% growth through the first six months. … READ MORE >
June jobs report: Let the good times roll
The U.S. economy generated a robust 850,000 jobs in June while at the same time the unemployment rate advanced to 5.9% amid an increase of 151,602 workers in the labor force, according to government data released Friday. … READ MORE >
Initial jobless claims resume their downward trend, falling to 364,000
Initial jobless claims declined to 364,000 for the week ending June 26, resuming their downward trend following a few weeks of flat to down readings. … READ MORE >
RSM UK Financial Conditions Index: A milestone after 7 years of stress
Despite the public health risks around the delta variant, financial conditions imply rising risk appetite and are supportive of growth as the economy enters the third quarter of 2021. … READ MORE >