The news: The U.S. international trade deficit narrowed 1.3% in May to $85.5 billion, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had predicted the deficit Read more
Tag: Economic Performance/Indicators
U.S unemployment claims rise to 6-month high of 235,00 in possible sign of rising layoffs
The numbers: Some 235,000 people applied for jobless benefits last week, marking the highest number in six months and possibly signaling that layoffs are on the rise as the U.S. Read more
U.S unemployment claims rise to 6-month high of 235,00 in possible sign of rising layoffs
The numbers: Some 235,000 people applied for jobless benefits last week, marking the highest number in six months and possibly signaling that layoffs are on the rise as the U.S. Read more
Why sterling’s bounce was so tepid — Boris Johnson’s replacement faces an economy at risk of recession
The political uncertainty is, if not over, at least reduced: U.K. Prime Minister Boris Johnson announced he is resigning. The pound GBPUSD, +0.44% did rise, moving to as high as Read more
Opinion: 3 things businesses should do to support their workers’ reproductive choices beyond paying for employees’ abortion-related travel expenses
Last month, the Supreme Court overturned Roe v. Wade and nearly 50 years of precedent, denying the right to an abortion and leaving it up to the states to decide Read more
‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market
First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $1.25 million, while Read more
What will inflation do to next year’s tax brackets and why should I care?
As you probably know, the federal income tax rate brackets, and many other federal tax parameters, are indexed for inflation using a factor based on the monthly average of changes Read more
4 in 10 Americans say they’re ‘struggling’ financially amid high inflation and rising gas prices
The number of people struggling financially in the US is rising as fast as inflation. Four in 10 Americans say they’re fighting to stay afloat with white-hot inflation and high Read more
Hiring in U.S. likely fell to 18-month low in June —250,000 new jobs forecast
The U.S. economy is slowing — and so is the number of new jobs being created. Here’s what to watch in the employment report on Friday morning: Wall Street forecast Read more
Fed officials in June resolute in tightening into ‘restrictive’ territory despite risk of slower growth
Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside risks to economic growth, according to minutes of the June Read more