The labor market is tightening, and wages are rising in what is the best labor market for workers since the late 1990s. … READ MORE >
omicron variant
Initial jobless claims tick up but labor market remains tight
New filings for jobless claims rose on a seasonally adjusted basis to 222,000 for the week ending Nov. 27, beating expectations and continuing an overall improvement of the labor market. … READ MORE >
Chart of the day: Manufacturing sector gained as price pressures eased
The manufacturing sector grew at a slightly higher pace in November than in October as demand for manufactured goods remained robust, according to a new report from the Institute for Supply Management on Wednesday. … READ MORE >
Chart of the day: U.S. consumer confidence inches down
Consumer confidence inched down in November to 109.5, the lowest since March, as inflation continued to take its toll. … READ MORE >
Pending home sales in October rebounded to highest in 2021
Pending home sales rebounded by 7.5% in October following a small decline of 2.4% in the previous month, continuing their rise from the recent low in April. … READ MORE >