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U.S. Economy Added 216,00 Jobs In December, Unemployment Rate Held Steady

Jan 5, 2024
Brian Turner
The U.S. economy added jobs at a faster pace in December, the jobless rate held steady, and wages rose at a faster-than-anticipated pace.

Job Openings Declined to a 31-month Low

Jan 3, 2024
Brian Turner
The number of job openings in November edged down, the number of hires decreased, and the number of separations fell as labor market conditions softened in the month.

PCE Price Index Slows, Personal Income and Outlays Rise In November

Dec 22, 2023
Brian Turner
The PCE price index and core PCE price index declined to the lowest levels in more than two years.

New Home Sales Plunged to a One-year Low In November

Dec 22, 2023
Brian Turner
The sale of newly built homes declined sharply after elevated mortgage rates and higher home prices raised affordability challenges. The decline in home sales was the steepest since April 2022.

Third Quarter GDP Growth Revised Lower to 4.9%

Dec 21, 2023
Brian Turner
Real gross domestic product growth accelerated in the third quarter from the second quarter after consumer and government spending, private inventory investment, and higher exports and imports. The growth was revised slightly lower after the third estimate.

Existing Home Sales Expand After Five Months of Slide

Dec 20, 2023
Brian Turner
Existing home sales expanded in November after falling for five consecutive months. Median home prices rose in the month, the fifth monthly price increase in a row.

Housing Starts In November Unexpectedly Soared

Dec 19, 2023
Brian Turner
A decline in mortgage rates and low housing inventory drove housing starts in November to a six-month high.



Retail and Food Services Sales Advanced in November

Dec 14, 2023
Brian Turner
Retail sales in November advanced after nonstore sales surged and food and drink sales registered healthy gains.

Fed Funds Rates Unchanged, 2023 GDP Growth Estimate Revised Higher

Dec 13, 2023
Brian Turner
The Federal Reserve held its key lending rate range steady for the third time in a row and left rates at a 22-year high, and policymakers laid the groundwork for cutting rates in 2024. The committee revised its higher 2023 economic growth projection, held the unemployment rate, and lowered its inflation outlook.

Wholesale Inflation Held Steady In November

Dec 13, 2023
Brian Turner
Wholesale inflation was unchanged in November from the previous month but rose at a slower pace from a year ago.

Consumer Price Inflation Slowed to 3.1%, Core Inflation Held Steady at 4%

Dec 12, 2023
Brian Turner
Consumer price inflation eased in November after energy prices declined, offset by higher food and shelter costs. Core inflation, which excludes food and energy prices, held steady at a level significantly ahead of the Fed's target rate of 2%.

U.S. Employment Expanded 199,000 In November, Jobless Rate Eased to 3.7%

Dec 8, 2023
Brian Turner
The US economy added more jobs in November than in the previous month, and September job gains were revised higher. The unemployment rate eased in November, and wages were consistent with market expectations.

U.S. Trade Deficit Expands Slightly In October

Dec 6, 2023
Brian Turner
The U.S. goods and services trade deficit expanded in October after exports fell and imports edged up slightly. The goods deficit widened faster than the increase in the services surplus.

Job Openings Declined to 30-month Low In October

Dec 5, 2023
Brian Turner
Job openings fell across several industries and in all regions across the nation, but new hires and quits were little changed in October.



PCE Price Index Slowed In October

Nov 30, 2023
Brian Turner
The personal consumption price index slowed in October, the inflation measure was flat from the previous month and fell from a year ago after the rise in service prices was offset by a decline in energy and goods prices.