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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
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Inflation accelerated to a new four-decade high in June as the price of everyday necessities remains painfully high, exacerbating a financial strain for millions of Americans and worsening a political crisis for President Biden.
READ MOREThe U.S. labor market remained solid in June as hiring paced ahead of expectations. U.S. employers added 372,000 jobs during the month compared with 390,000 in the prior month signaling inflation is having a limited impact on hiring thus far. The unemployment rate held steady at 3.6% for the third month in a row. Industries leading
READ MOREThe Nasdaq Composite and S&P 500 led a mixed market Friday, while the Dow Jones Industrial Average pulled back as investors wrapped the worst stretch since the pandemic amid inflation and recession fears. In commodities, oil fell 9.2% to $109.56 per barrel for the week.
READ MOREMay retail sales unexpectedly decline as consumers confront sizzling hot inflation. Economists expected retail sales to rise modestly in May, despite sky-high inflation. Retail Sales -0.3 vs 0.2 Ex Autos 0.5 vs 0.8 Import Prices MOM 0.6 vs 1.1 Empire MFG -1.2 vs 3
READ MOREThe Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%.
READ MOREU.S. consumer prices last month accelerated at their fastest annual pace in 13 years as energy prices surged. The consumer index price index rose 5.4% year over year in September, according to the Labor Department, matching the July reading for the hottest print since 2008. Prices increased 0.4% month over month. Analysts surveyed by Refinitiv
READ MOREThe number of job openings in the U.S. slipped off a record high in August as the quits rate increased to a record high. The total number of job openings fell by 659,000 to a seasonally adjusted 10.439 million at the end of August, according to the Labor Department’s Job Opening and Labor Turnover Survey,
READ MOREU.S. employers hired less workers than expected last month as supplemental unemployment benefits expired. Nonfarm payrolls increased by 194,000 workers in September as the unemployment rate fell to 4.8%, the Labor Department reported Friday.
READ MOREThe House joined the Senate on Thursday to approve a bill to fund the government through Dec. 3 and avert a government shutdown for now. The House voted 254-175 and the bill will now head to President Biden’s desk. It’s one of several political issues being followed closely by the markets, which have fallen Thursday
READ MOREThe number of Americans filing for first-time unemployment benefits rose to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.
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