September Employment Report Expected to Improve From August

[ad_1] Friday’s economic data is expected to show job growth picked up in September but continues to be suppressed by the latest wave of coronavirus, which has made Americans avoid restaurants and travel and some reluctant to rejoin the workforce. Economists surveyed by FactSet expect the report released by the Department of Labor to show …

Retail Sales Rise in August, Highlighting Unequal Consumer Spending

[ad_1] Retail sales rose slightly in August, noting an uneven pace for economic recovery as spending behavior fluctuated from month to month, the Commerce Department reported on Thursday. The 0.7 percent increase in sales last month came after a 1.8 percent drop in July and rose in early summer. The gains in August, which were …

August CPI Report Shows Cooling Inflation

[ad_1] Consumer price growth cooled slightly in August, a sign that the White House and Federal Reserve may begin to see a slowdown in price increases they’ve been hoping for, despite higher-than-normal inflation. Policymakers have consistently argued that this year’s inflation boom is tied to the oddities associated with the pandemic and should be temporary, …

Wage increases remained strong in August as hiring slowed.

[ad_1] Wages continued to rise sharply in August, even as hiring slowed. Average hourly earnings rose 0.6 percent in the July-August period, more than the 0.3 percent forecast by economists in a Bloomberg survey. It rose 4.3 percent last year, exceeding the expected 3.9 percent. Pay rises during the pandemic have been hard to read …

August Employment Report Related to Fed News

[ad_1] Federal Reserve Officials seeking continued improvement in the labor market received discouraging news on Friday, when the Department of Labor reported that employers added: 235,000 jobs in August — much less than anticipated and a sign that the Delta variant could weigh on recruitment. The Fed purchases $120 billion in government-backed bonds each month …

August employment report is coming. Here’s what to expect.

[ad_1] Daily Business Briefing September 3, 2021Updated September 3, 2021 at 05:07 ET September 3, 2021 at 05:07 ET A job fair for restaurant and hotel workers in Los Angeles in June. The rise of the Delta variant has threatened to slow down industries such as entertainment and hospitality.Credit…Lucy Nicholson/Reuters The health of the American …

August employment report is coming. Here’s what to expect.

[ad_1] The health of the American economy – and the impact of the latest coronavirus surge – will be in sharper focus on Friday morning, when the government released hiring and employment data for August. The Department of Labor is expected to report 725,000 job gains, slightly slower than the roaring rate of more than …