Latest Headlines in Economy
US weekly jobless claims dropped to 326,000 last week
The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year’s coronavirus recession.
US initial jobless claims unexpectedly rise for a third week
Initial unemployment claims in regular state programs rose to 362,000 in the week ended Sept. 25, led by another surge in California, Labor Department data showed Thursday.
US weekly jobless claims rise as Delta variant hangs over a rebounding economy
The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000.
Federal Reserve signals it may soon slow bond purchases
The central bank sent a clear signal that policymakers are preparing to pivot away from full-blast monetary help as the business environment snaps back from the pandemic shock.
Stocks drop the most since May on worries over China, Fed
US stocks saw their biggest drop since May amid worries about debt-engorged Chinese property developers and possible moves by the Federal Reserve. The S&P fell by 1.7 percent and the Dow by 614 points or 1.8 percent.
Powell asks Fed to examine staff trading rules after disclosures
Boston Fed President Eric Rosengren and Dallas’s Robert Kaplan announced that they would both sell their individual stock holdings, moves aimed at quelling ethical concerns after their trading activity raised questions.
Retail sales rose last month even as delta variant spread
Online sales soared 5.5 percent last month, while sales at restaurants and bars were flat from the month before.
US jobless claims tick up to 332,000 as Delta variant weighs on economy
Weekly unemployment claims rose last week, the Labor Department reported Thursday.