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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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The Labor Department said Thursday that 340,000 Americans filed for first-time jobless benefits in the week ended Aug. 28, down 14,000 from the prior week. The reading was the lowest since March 14, 2020.
READ MOREU.S. private-sector hiring rose much less than expected last month as a resurgence in new COVID-19 infections stunted job gains. The U.S. economy added 374,000 private-sector jobs in August, a modest increase from the downwardly revised 326,000 jobs added in July, according to the ADP National Employment Report released Wednesday. Analysts surveyed by Refinitiv had
READ MOREFederal Reserve Chairman Jerome Powell signaled Friday the U.S. central bank expects to begin unwinding some of its ultra-easy monetary policies by the end of the year as the U.S. economy continues to rebound from the COVID-19 pandemic
READ MOREThe U.S. economy grew faster than previously thought during the second quarter, but that was not enough to exceed economists’ expectations. Gross domestic product, the broadest measure of economic performance, increased 6.6% in the three months through June, according to a second estimate released Thursday by the Commerce Department. Economists surveyed by Refinitiv had expected
READ MOREProducer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs.
READ MOREThe bipartisan $1 trillion infrastructure bill that recently passed in the Senate will boost GDP just marginally because it includes only $550 billion in new spending to be disbursed over five to eight years, much of which will be paid for with higher taxes. Through 2029 this spending should boost GDP by, at most, 0.30%/year.
READ MORENonfarm payrolls increased by 943,000 workers in July as the unemployment rate fell to 5.4%, the Labor Department said Friday. Analysts were expecting 870,000 jobs gained and the unemployment rate to fall to 5.7%.
READ MOREThe U.S. economy added 330,000 private-sector jobs last month, a decline from the downwardly revised 680,000 jobs gained in June, according to the ADP National Employment Report released Wednesday. U.S. stocks slipped across the board as investors weighed a slowdown in hiring as reported by ADP. The data is often viewed a precursor to the
READ MOREThe U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years.
READ MOREIn the past, bond investors have been skeptical of prospects for tax legislation. But with more concrete details unveiled, Treasurys have seen selling pressure. Nonetheless, analysts feel there are plenty of stumbling blocks that could serve as roadblocks.
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