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For reference purposes.
 
[h=1]Wholesale inflation climbed 0.8% in February, slightly lower than expectations[/h]Excluding food, energy and trade services, so-called core PPI rose just 0.2%, well below the 0.6% expectation.
 
The consumer price index, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared to a year ago, the Labor Department reported Thursday.


That compared to Dow Jones estimates of 7.2% for the closely watched inflation gauge. It was the highest reading since February 1982.
 
Weekly jobless claims reached tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday.
Initial claims for unemployment insurance were expected to total 211,000 for the week ended Dec. 4, according to a Dow Jones economist survey.
 
While the number isn't great, (210,000), its still a positive number. Unemployment rate 4.2% isn't bad either. Let's keep chugging along.
 
Kiyosaki: The US stock market is headed for 'giant crash' followed by a new depression — here are the only 3 assets he likes as protection

[video]https://finance.yahoo.com/news/robert-kiyosaki-just-warned-giant-130000215.html[/video]
 
October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%


Source: Yahoo! Finance

U.S. employers increased their pace of hiring in October after a sluggish September, with declining COVID-19 infections and demand for workers amid widespread shortages helping bolster labor market activity.

The Labor Department released its October jobs report Friday morning. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

Non-farm payrolls were expected to show the biggest jump in a single month since July. Though payrolls have grown in every month so far in 2021, the economy remains about 5 million jobs short of its pre-pandemic levels following plunges in employment between March and April of 2020. And the civilian labor force was still down by about 3.1 million individuals compared to February 2020 as of September.

Read more: https://finance.yahoo.com/news/octo...artment-hiring-covid-shortages-180531280.html
 
Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
a majority of members now see the first rate hike happening in 2022. In June, when members last released their economic projections, a slight majority put that increase into 2023.

The committee now sees GDP rising just 5.9% this year, compared to a 7% forecast in June. However, 2023 growth is now set at 3.8%, compared to 3.3% previously, and 2.5% in 2023, up one-tenth of a percentage point.
 
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