U.S. consumer prices surge in June by the most since 2008
American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply.
U.S. adds a strong 379,000 jobs in hopeful sign for economy
U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
U.S. unemployment claims fall slightly 787,000
Thursday's figure from the Labor Department, a slight decline from the previous week, showed that many employers are still cutting jobs as the pandemic tightens business restrictions and leads anxious consumers to stay home.
Unemployment drops to 6.9 percent and U.S. adds a solid 638,000 jobs
The gain suggested that a tentative economic recovery may remain intact even in the face of a surging viral outbreak.
Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.
That suggests that businesses remain confident enough in the economic outlook to create more jobs.
Some economists point to technologies, such as smartphones and mobile software, that aren't that economically useful. Others say that innovations like search engines, which are free to users, aren't properly captured in government data.
In our news wrap Friday, the U.S. turned in better-than-expected October economic numbers. The Labor Department reports that employers added a net 128,000 jobs last month, and figures for August and September were revised upward. Also, former Texas Congressman Beto…
The Senate voted Thursday along party lines, 53-44, to approve the nomination.
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