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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The U.S. created 209,000 new jobs in July, easily beating Wall Street forecasts and showing the labor market still has plenty of muscle more than eight years into a expansion. Economists had predicted a 175,000 increase in nonfarm jobs. The unemployment rate slipped to 4.3% from 4.4%, retouching a 16-year low. Average wages climbed 0.3%
READ MOREPrivate sector hiring stayed strong in July as employers added 178,000 jobs ADP reported Wednesday. Economist had forecast a July gain of 173,000 jobs compared with an original reported increase of 158,000 in June. On Wednesday, ADP revised June’s gain to 191,000.
READ MOREISM index falls slightly to 56.3% but remains near 3-year high. American manufacturers tapped on the brakes lightly in July but were still expanding near the fastest pace in three years, a good sign for the broader U.S. economy.
READ MOREOverall spending was up nearly 5% for the first half of the year compared to a year ago. Outlays for construction projects dipped in June after a strong start to the year as spending on public works tumbled. Construction spending fell 1.3% to a seasonally adjusted annual rate of $1.21 trillion, but May’s rate, originally
READ MOREThe economy in the Chicago region grew rapidly in July but cooled a bit from earlier in the summer, indicating that businesses are still confident despite political drama in Washington. The Chicago business barometer, or Chicago PMI, slipped to 58.9 in July from a three-year high of 65.7 in June, MNI Indicators said Monday. The
READ MOREHome-purchase contract signings jumped in June after three months of declines, another reflection of choppy momentum in the housing market. The pending home sales index from the National Association of Realtors rose 1.5% to a level of 110.2, the group said Monday. May’s reading was revised upward.
READ MOREMonetary policy must take a back seat to fiscal and regulatory measures in the struggle to get the global economy out of its low-interest-rate doldrums, said Federal Reserve Vice Chairman Stanley Fischer, on Monday. Interest rates are not only near historic lows in the U.S., but also in the euro area, the U.K. and Japan,
READ MOREEuropean government bond yields ticked lower on Thursday after the European Central Bank left its monetary-policy strategy steady. The yield on the 10-year German bund , considered the European benchmark, was up half a basis point on the day at 0.375%, while the yield on the 10-year French bond declined two basis points to 1.008%.
READ MOREThe Bank of Canada, as expected, raised its overnight interest rate by a quarter of a percentage point to 0.75% on Wednesday. This was the first rate hike in seven years, making the Bank of Canada the first major central bank to join the Federal Reserve in raising rates. The Bank of Canada’s decision was
READ MOREThe Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of
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