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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 while the unemployment rate was 3.8 percent, the Bureau of Labor Statistics reported Friday. Economists surveyed by Reuters had been expecting a gain of 3.9 percent and the jobless level to hold at 3.9 percent. The May
READ MOREThe unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, according to a report Friday from the Bureau of Labor Statistics. Economists had expected payroll growth of 192,000 and the jobless rate to drop by one-tenth of a percent to 4.0 percent. The official jobs
READ MOREThe productivity of American businesses rose 0.7% in the first quarter, but there’s little sign of long-term improvement in what’s been a weak link for the U.S. economy. Output — or goods and services produced — increased 2.8%. Hours worked rose 2.1%. Productivity is determined by the difference between the two. The cost of labor,
READ MOREOn Wednesday, the U.S. central bank released its latest policy statement, maintaining a target benchmark interest rate range of 1.5%-1.75%. Wall Street had expected the Fed would make no changes to its interest rate policy on Wednesday after raising rates in March for the sixth time since the financial crisis. Wednesday’s announcement was not accompanied
READ MOREThe PCE index, the Federal Reserve’s preferred inflation gauge, rose to 2% year over year from a 1.7% pace in February, hitting the central bank’s target for the first time in a year. The 12-month increase in the more closely followed core rate of inflation was close behind, rising to 1.9% in March from 1.6%
READ MOREThe economics calendar will bring us the monthly jobs report, which should show the U.S. economy continues to create jobs in the 10th year of the economic recovery. Economists expect the economy added 185,000 jobs in April, a rebound from March’s disappointing headline jobs gain while the unemployment rate is expected to drop to 4% after
READ MOREU.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness. Gross domestic product, the value of all goods and services produced in the nation, rose at a 2.3 percent annualized rate after climbing 2.9 percent in the prior quarter,
READ MOREHome prices in the U.S. started 2018 on the rise, outpacing the rate of economic growth. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index reported a 6.2% annual gain in January, down slightly from 6.3% in December. The 20-City Composite rose 6.4% from a year ago, and after seasonal
READ MOREGDP growth likely will be slow in the first quarter — as low as 1.4 percent, according to a UBS estimate — but should accelerate strongly later in the year. Bank of America Merrill Lynch sliced its growth estimate from 2.3 percent to 1.7 percent for Q1 but maintained its full-year 2.9 percent forecast. Earlier
READ MOREThe U.K.’s central bank held rates at their current 0.5 percent level on Thursday, amid lower-than-expected inflation figures and modest improvements to wage increases.
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