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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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Companies hired fewer employees in June. The number of job openings rose to a fresh record in June while hiring decreased, evidence of the difficulties companies are having finding suitable employees. The Labor Department reported that openings vaulted to 6.16 million from 5.7 million in May. Hirings, however, fell, and separations also fell slightly.
READ MOREThe trade deficit shrank nearly 6% in June to an eight-month low, but the U.S. is still on track to post a bigger gap in 2017 than it did the year before. The deficit fell to $43.6 billion in June from $46.4 billion in May, the Commerce Department said Friday. Economists had forecast a $44
READ MOREThe U.S. created 209,000 new jobs in July, easily beating Wall Street forecasts and showing the labor market still has plenty of muscle more than eight years into a expansion. Economists had predicted a 175,000 increase in nonfarm jobs. The unemployment rate slipped to 4.3% from 4.4%, retouching a 16-year low. Average wages climbed 0.3%
READ MOREApplications for unemployment benefits fell in late July and remained near a 44-year low, highlighting the strength of a U.S. labor market that’s show no sign of waning. Initial jobless claims in the period running from July 23 to July 29 declined by 5,000 to a seasonally adjusted 240,000. New claims count people who apply
READ MOREPrivate sector hiring stayed strong in July as employers added 178,000 jobs ADP reported Wednesday. Economist had forecast a July gain of 173,000 jobs compared with an original reported increase of 158,000 in June. On Wednesday, ADP revised June’s gain to 191,000.
READ MOREISM index falls slightly to 56.3% but remains near 3-year high. American manufacturers tapped on the brakes lightly in July but were still expanding near the fastest pace in three years, a good sign for the broader U.S. economy.
READ MOREThe Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of
READ MORENationally, prices rose 6.6% compared to a year ago, according to a home price index released Wednesday from data provider Core Logic. Prices rose 1.2% from April to May, the company also said. While that’s helping current owners, “for renters and potential first-time home buyers, it is not such a pretty picture
READ MOREThe U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an
READ MOREThe Federal Reserve could trigger a long-awaited move to reduce its massive $4.5 trillion in debt holdings by September, a summary of the central bank’s last meeting suggest.
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