US Jobless Claims Rise Slightly As Layoffs Stay Historically Low
The report said weekly claims have generally remained within a range of 200,000 to 250,000 since the recovery from the pandemic recession.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
Monetary Savings Versus Real Savings
The NIPA framework is based on the Keynesian view that spending by one individual becomes part of the income of another individual
Gold Climbs To Seven-Week High On Weak Jobs Data
Spot gold briefly touched $4,295 per ounce before easing to around $4,268, while gold futures traded near $4,329 per ounce
US Job Openings Drop In June, Hiring Increases
Job openings, a measure of labor demand, had decreased by 178,000 to 7.359 million by the last day of June, the Labor Department‘s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday.
ADP: Private Employers Added Only 44,000 Jobs In July
The services sector accounted for all net job gains, adding 47,000 positions, while goods-producing industries shed 3,000 jobs.
How Are Higher Mortgage Rates Affecting Homebuyers
Total mortgage applications fell 2.9% from the previous week and were 5% lower than the same period a year earlier, marking the first annual decline since April
The Rebound Holds
The RCM/TIPP Economic Optimism Index held July's rebound in August, easing just 0.4 points to 45.1, as personal finances firmed and the six-month outlook slipped.
Illinois Takes A Swipe At Interchange Fees—And Misses
That’s what’s happening with interchange fees—the fees companies like Visa and MasterCard charge to process credit and debit card payments.
What Do The Latest U.S. Hiring Data Reveal
Although job openings slipped slightly to 7.36 million in June, they remained above levels recorded a year earlier, indicating that labor demand continues to hold up.
Amazon Reaches $3 Trillion Market Value On AI Boom
Chief Executive Officer Andy Jassy said both the company's artificial intelligence and custom chip businesses have surpassed annualized revenue run rates of $25 billion.
US Manufacturing Hits Four-Year High In July
Fifteen of the 16 major manufacturing industries recorded growth during the month, with chemical products being the only sector to contract.
Trump Criticizes Exxon, Chevron Over Iran War Profits
The increase has been driven in part by concerns over disruptions to oil shipments through the Strait of Hormuz.
U.S. Manufacturing Growth Beats Expectations
The ISM Purchasing Managers' Index rose to 55.6 in July from 53.3 in June, beating analysts' expectations of 54
How Are Iran Talks Affecting Oil Prices And Bond Markets
The benchmark 10-year Treasury yield slipped to 4.688%, while the two-year and 30-year Treasury yields also moved lower
Fed Dissenters Warn Inflation Remains Too High
Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan opposed the central bank's decision to hold rates steady for a fifth consecutive meeting.