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U.K. consumer prices edge up in June to the second-slowest growth in four years

Consumer prices in the U.K. edged up in June though they were the second-lowest in nearly four years and the first growth since January.

by Steve Goldstein
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Higher gas and food prices trigger first increase in U.S. consumer inflation in 4 months

The cost of consumer goods and services rose in June for the first time in four months largely because of higher gasoline prices, but inflation more broadly remained low and is likely to stay that way during the pandemic. ...

by Jeffry Bartash
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Small businesses grew more optimistic in June, NFIB says — but new coronavirus outbreak threatens fresh pain

Optimism among small-business owners rose in June for the second straight month, an NFIB survey shows, but a fresh spike in coronavirus cases and tighter restrictions in states such as California and Texas could snuff out ...

by Jeffry Bartash
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Soaring demand for federal jobless benefits points to fresh fissures in the U.S. economy

The number of unemployed Americans collecting jobless benefits through a temporary federal-relief program has exploded in the past month to more than 14 million, suggesting the U.S. labor market is facing a fresh set of pr...

by Jeffry Bartash
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Wholesale prices drop in June, U.S. inflation very low due to the coronavirus pandemic

The wholesale cost of U.S. goods and services fell in June, reflecting depressed demand in retail and other major parts of the economy caused by the coronavirus pandemic.

by Jeffry Bartash
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Jobless claims fall to four-month low of 1.31 million in early July, but layoffs still high

The number of initial jobless claims fell by almost 100,000 to 1.31 million in early July, but the pace of layoffs is still quite high more than three months after the coronavirus pandemic began and appears to be bogging d...

by Jeffry Bartash
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Consumer credit fell at a slower 5.3% in May as the economy began to recover

Consumer borrowing fell at a slower 5.3% annual pace in May after a much larger decline in April, as the economy began to recovery from the deepest downturn in American history

by Jeffry Bartash
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U.S. recoups 6.5 million jobs in May, but hiring set to slow amid new coronavirus outbreak

A record 6.5 million people either found jobs or were rehired in May, a government report shows, as the economy emerged from a prolonged shutdown due to the coronavirus that drove the U.S. into a deep recession.

by Jeffry Bartash
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Service side of economy roars back in June, ISM shows, but momentum might be hard to sustain

Restaurants, dentists and other service-style companies that dominate the U.S. economy saw a surge in growth in June as businesses were allowed to reopen, pointing to a gradual recovery after extended coronavirus lockdowns...

by Jeffry Bartash
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U.S. regains 4.8 million jobs in June and unemployment falls to 11.1%, but rehiring poised to slow

The U.S. added 4.8 million jobs in June and the unemployment rate fell for the second straight month to 11.1%, but the economy’s recuperation from the coronavirus might already be suffering a setback from a renewed surge i...

by Jeffry Bartash
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U.S. jobless claims continue slow but steady descent in late June, falling to 1.43 million

Initial jobless claims fell 55,000 to 1.43 million in the week ended June 27, the U.S. Labor Department said Thursday.

by Greg Robb
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‘Still far from mission accomplished’ — economists react to June jobs report

The June jobs report on Thursday shows the U.S. economy added 4.8 million jobs last month, with the unemployment rate falling to 11.1% from 13.3%. Here are some initial reactions from analysts and economists.

by Victor Reklaitis
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Manufacturers come back strong in June, ISM finds, but ‘it’s a slow recovery at this point’

American manufacturers fired up their production lines in June and expanded for the first time since the start of the coronavirus pandemic almost four months ago, an ISM survey showed, but growth hasn’t returned to precris...

by Jeffry Bartash
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Private sector rehires 2.37 million workers in June, ADP says

Private-sector employers added 2.37 million jobs in June, Automatic Data Processing Inc. reported Wednesday.

by Greg Robb
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Consumer confidence jumps to 3-month high, but still well below precrisis levels

Consumer confidence rose in June to a three-month high as a reopening economy buoyed the spirits of Americans, but a recent spike in coronavirus cases could dampen any optimism unless it’s brought under control soon.

by Jeffry Bartash
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澳门拉斯维加斯app下载home price gains remained steady in April as the coronavirus swept across the country, Case-Shiller index shows

澳门拉斯维加斯app下载home prices have remained stable even as the pandemic has roiled local economies.

by Jacob Passy
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Pending 澳门拉斯维加斯app下载home sales staged a historic rebound in May, meaning the worst may have already come for the real-estate market

Contract signings rose by the largest percentage ever between April and May.

by Jacob Passy
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Consumer sentiment slips in late June as confidence in U.S. economic policies slumps to Trump-era low

Americans turned slightly more cautious in late June about how quickly the economy will recover from the coronavirus as confidence in Washington’s policies fell to the lowest level during the Trump presidency

by Jeffry Bartash
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Consumer spending jumps record 8.2% in May as economy reopens, unemployment benefits surge

Consumer spending leaped a record 8.2% in May to mark the first increase since the coronavirus pandemic drubbed the economy, but fading government stimulus payments, still-high unemployment and a fresh viral outbreak are l...

by Jeffry Bartash
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U.S. durable-goods orders rebound 15.8% in May, but manufacturers face long struggle

Orders for durable goods such as new cars and trucks surged in May after historic declines in the early spring when the U.S. was locked down, but manufacturers are likely to struggle to make a more rapid recovery amid a fr...

by Jeffry Bartash
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Jobless claims dip to 1.48 million, but slow decline signals choppy economic recovery

New applications for traditional jobless benefits fell slightly last week to 1.48 million, but they remain stubbornly high three months after the start of the coronavirus pandemic and signal that a fledging economic recove...

by Jeffry Bartash
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Another 1.38 million new jobless claims predicted. Why aren’t they falling faster?

The number of Americans applying for unemployment benefits each week is still shockingly high if the government’s math adds up, but some economists are starting to wonder.

by Jeffry Bartash
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澳门拉斯维加斯app下载home prices continued to rise even as the coronavirus pandemic swept across America, FHFA says

‘It’s likely housing will feel the broader economy’s downturn eventually,’ one economist says.

by Jacob Passy
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U.S. economic downturn losing steam, flash June PMI data show

The flash U.S. services and manufacturing PMIs hit 4-month highs in June, showing the economic downturn is slowing as businesses reopen, IHS Markit said Tuesday.

by Greg Robb
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New 澳门拉斯维加斯app下载home sales surged in May as buyers scrambled to find properties for purchase

April’s new-澳门拉斯维加斯app下载home sales figures, meanwhile, saw a significant downward revision.

by Jacob Passy