The US economy added 295,000 jobs in February, ticking unemployment down to 5.5 percent, according to the Labor Department. Many expected a harsh winter to to have more of an effect on employment, but the jobless rate is now at its lowest level in seven years.
Retail sales in the US fell an unexpected 0.8 percent in January, despite a surging job market and much lower costs for consumers. Experts say Americans may be using that extra cash to save or pay down debt, but retail sales should bounce back in the coming months.
The US economy added a surprising 257,000 jobs in January, but the unemployment rate increased 5.7 percent. The unemployment rate increase is good news, because it means more Americans are upbeat about their job prospects and beginning to look for work.
The consumer price index (CPI) fell 0.4 percent last month, its biggest slide since 2008, thanks largely to falling gas prices. But with the dollar strengthening, wages rising, and gas prices projected to fall even more, experts say this may be the start of a much larger swoon in consumer prices.
The US economy added 252,000 jobs in December, ticking the unemployment rate down to 5.6 percent – the lowest since 2008. But it wasn't all good news for US workers, as wage growth and labor force participation took a step back. Is 2015 the year the job market finally gets to full strength?
Retail sales rose 0.7 percent in November – their biggest monthly gain in eight months despite a relatively weak Black Friday weekend. Cheap gas prices and higher wages helped fuel the November retail sales growth.
The economy added 321,000 jobs last month, its best performance in nearly three years and nearly 100,000 over what analysts had expected. It was also the biggest month for wage gains since the summer, and the unemployment rate held steady at 5.8 percent.
Existing home sales picked up an unexpected 1.5 percent to a 5.26 million annualized pace in October, according to data released Nov. 20 by the National Association of Realtors (NAR). It was the fastest rate for existing home sales since September of last year.
The economy added 214,000 jobs in October, ticking the unemployment rate down to 5.8 percent – a new six-year low. Many of the supporting figures in the October jobs report, including a dip in long-term unemployment and a small increase in labor participation, were also cause for optimism.