The Bureau of Labor Statistics reported early Thursday morning that the consumer price index rose to a seasonally adjusted 0.4 percent in February, the second straight month of growth. The index came in at a higher than projected 0.3 percent made by many economists across the U.S., according to Bloomberg.
Retail sales fell in January, as a slow job market and rising gas prices kept consumers out of stores following the holiday season. The advanced estimates for the United States retail and food service sales for January were $381.6 billion, an increase of 0.3 percent from the previous month, according […]
Wholesale prices increased by 0.8 percent in January, exceeding some forecasters’ predictions. But economists said it’s too soon to sound the alarm on rising inflation, mostly because the overall economic recovery still remains weak. The increase marks the seventh consecutive rise, following a 0.9 percent advance in December and a […]
The U.S. trade deficit widened by 6 percent in December, adding up to a record-high annual trade gap with China. The trade gap with China lessened by 19.1 percent in December to $20.7 billion. But the total annual deficit last year added up to the largest deficit the U.S. ever […]
Initial jobless claims fell last week to the lowest level since July 2008. In the week that ended on February 5th, new applications for unemployment insurance totaled 383,000, a decrease of 36,000 from the previous week’s 419,000, according to the Department of Labor. This drop in claims far exceeded expectations […]
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