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Initial jobless claims were essentially unchanged at 234,000 in early April, holding near extremely low levels that show the U.S. labor market is going strong despite a slowdown in hiring last month.
READ MOREA gauge of consumer sentiment improved in April, as most Americans were upbeat about current conditions, although the partisan divide about the outlook for the economy remains stark. Consumer sentiment rose to 98 in a preliminary April reading, compared with March’s final result of 96.0.
READ MORERates for home loans fell in line with Treasury yields, nudging mortgage rates to the lowest level of the year. The 10-year Treasury yield fell five basis points during the week as investors continue to re-assess the expectations for fiscal stimulus and economic growth that followed the November election even as fresh geopolitical worries flared.
READ MORELower costs of gasoline and other fuels kept wholesale U.S. inflation in check in May, but upward pressure on prices persisted in many areas of an economy whose expansion is the third longest in modern times. The producer price index was flat last month following a sharp 0.5% increase in April. Economists had predicted no
READ MORELeaving everything to the last minute can cost you money I get it. Doing your taxes is no fun, especially if you know you’re going to owe money. But as with any project on which you procrastinate, leaving everything to the last minute can lead to errors, both large and small, and some of those
READ MORETreasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the
READ MOREThe weaker-than-expected headline from the March jobs report will not deter the Federal Reserve from raising short-term interest rates twice more this year, economists said. The March data won’t knock them off course. The U.S. created just 98,000 new jobs in March, economists say the data is not a signal that the U.S. economy is
READ MOREThe U.S. created just 98,000 new jobs in March to mark the smallest gain in almost a year, as hiring cooled off after a strong start in 2017. Economists polled by MarketWatch had predicted a 185,000 increase in nonfarm jobs. Yet the unemployment rate fell to 4.5% from 4.7% – the lowest level in almost
READ MOREWholesale inventories in the U.S. rose 0.4% in February, rebounding from a decline at the start of 2017, the government said Friday. The inventory-to-sales ratio was unchanged at 1.28 months, but it was down from 1.36 a year earlier. The ratio reflects how long it would take a company to sell all the goods sitting
READ MOREThe number of Americans who applied for unemployment benefits last week sank by 25,000 to 234,000, marking the second-lowest level of the current economic expansion and reflecting a tight labor market in which firms say it’s hard to find good help. The bulk of the decline took place in the large states of California, New
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