Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the...
Category: Economy
Most companies are already raising prices or plan to because of tariffs, data shows
Johnson & Johnson manufacturing facility in Wilson, North Carolina.Courtesy: Johnson & JohnsonData from the New York Federal Reserve shows a majority of companies have passed along at least some of President Donald Trump's tariffs onto customers, the latest in a growing body of evidence indicating the policy change is likely...
Job openings showed surprising increase to 7.4 million in April
Employers increased job openings more than expected in April while hiring and layoffs also both rose, according to a report Tuesday that showed a relatively steady labor market.The Bureau of Labor Statistics' Job Openings and Labor Turnover Survey showed available jobs totaled nearly 7.4 million, an increase of 191,000 from...
Inflation rate slipped to 2.1% in April, lower than expected, Fedโs preferred gauge shows
Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday.The personal consumption expenditures price index, the Federal Reserve's key inflation measure, increased just 0.1% for the month, putting the...
Consumer confidence for May was much stronger than expected on optimism for trade deals
Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday.The Conference Board's Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0.Much of the positive...