The numbers: The number of people who applied for unemployment benefits last week jumped by 29,000 to a five-week high of 219,000, possibly a sign of rising layoffs as the Read more
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Inflation is forcing people to use up their savings in a bad sign for the economy
Turns out Americans aren’t sitting on a big pile of savings to help them endure high inflation or another recession. The U.S. savings rate fell to a 14-year low of Read more
Jobless claims fall to one-month low of 243,000 with no sign of surging layoffs
The numbers: The number of people who applied for unemployment benefits last week fell to a one-month low of 243,000, indicating layoffs remain near record lows and that a tight Read more
Durable-goods orders flat, but businesses invest more in good sign for economy
The numbers: Orders at U.S. factories for long-lasting goods fell flat in July because of a big drop in military contracts, but a key weathervane of business investment rose in a Read more
Jobless claims fall to 250,000 and show little sign of surging layoffs
The numbers: The number of people who applied for unemployment benefits dipped to 250,000 in mid-August, suggesting that layoff remain very low and the economy is still expanding. Initial jobless Read more
Biden will sign the Inflation Reduction Act today. Here’s MarketWatch’s rundown of how it will affect your energy bills, investments and drug costs.
President Joe Biden on Tuesday is scheduled to sign into law the Inflation Reduction Act — the Democrats’ big economic package aimed at addressing climate change, capping drug costs and Read more
Big settlement for defrauded students is a sign of changes to come
More than 200,000 federal student loan borrowers who were misled by their schools are in line for $6 billion worth of debt relief as a result of a preliminary settlement Read more
American attitudes about whether it’s a good time to buy a home just hit the lowest level in a decade, another sign of a slowdown in the housing market
Both prospective home buyers and sellers are backing off from the U.S. housing market, a new survey shows. Their anxiety over higher mortgage rates and a softening market was registered Read more
Consumer credit leaps again in sign of steady spending — and high inflation
The numbers: The amount of credit consumers used in June rose by higher than expected $40.1 billion, suggesting Americans are still spending plenty of money but also borrowing more because of Read more
‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Read more