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Economy
August wholesale inflation rises 0.7%, hotter than expected
A shopper peruses the meats section of a grocery store on September 12, 2023 in Los Angeles, California. Mario Tama | Getty ImagesInflation at the wholesale level rose more than…
August core inflation, excluding food and energy, rose 0.3% hotter than expected
Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items.The consumer price index, which measures…
Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
Choochart Choochaikupt | Istock | Getty ImagesAmerican consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks,…
Taylor Swift is single handedly giving a boost to hotel industry revenue
Taylor Swift performs during her Eras Tour in Cincinnati, Ohio on June 30, 023.Taylor Hill/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift is providing a gold rush…
Black unemployment rate declines in August, even as it rose across the board
Pixelseffect | E+ | Getty ImagesThe unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate.The overall unemployment rate…
Here’s where the jobs are for August 2023 — in one chart
The August jobs report was another sign that the U.S. labor market is cooling off, though some of the sectors that have fueled the post-pandemic rebound remain strong.The Labor…
Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000
The U.S. added more jobs than expected in August, a sign of resilience for a labor market under pressure from Federal Reserve interest rate hikes.Nonfarm payrolls grew by a…
Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says…
Taylor Swift, Beyonce, Barbie, OppenheimerGetty ImagesConsumer spending may not be out of the woods.Real spending is expected to come in 1.9% higher in the third quarter, helped in…
U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says
A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty ImagesJob creation in the United States slowed…
American workers are demanding almost $80,000 a year to take a new job
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City.Spencer Platt | Getty ImagesThe amount of money most workers want now to accept…