Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy created far fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported.
The U.S. economy created far fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported.
The survey showed a slide in people reporting they are employed, a surge in those looking for work and growing dissatisfaction with pay.
"Continued expansion would make the US look more similar to other G10 economies, where the Sahm rule has held less than 70% of the time,"...
Egg prices jumped more than 19% in July compared with the same month a year ago, consumer price index data shows.
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
GDP has recorded slight but steady growth almost every month so far this year as the U.K. exits a shallow recession.
The consumer price index was expected to show a 0.2% increase in July and a 3% gain over the past year.
The news Tuesday was good for inflation, and investors hope it will get even better Wednesday.
The producer price index for July was expected to increase 0.2%, according to the Dow Jones consensus estimate.