Economy

A key indicator of U.S. consumer confidence rose for the first time in four months in August as the economy added 315,000 jobs.

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

The Department of Labor said gains were recorded in leisure and manufacturing segments, and the nation has now restored the total pandemic job losses.

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

The Department of Labor said employment grew in the manufacturing, transportation and leisure sectors.

The Federal Reserve said more rate increases will be necessary until inflation comes down

The European Union’s embargo of Russian oil is exacerbating concerns about global supplies.

Here’s a sampling of gasoline and diesel prices at the fuel dock heading into Memorial Day weekend.

Investors, analysts and small-business owners are growing more pessimistic about economic conditions.

Major U.S. stock indices weakened yesterday, and recreational marine shares fared even worse on a percentage basis.

Oil supply concerns have lifted the average U.S. price of regular unleaded gasoline to $4.432 per gallon, according to AAA.

After a major market selloff yesterday, today’s monthly jobs report shows continued strength.

The Federal Reserve said higher rates are needed to bring inflation under control, and markets edged higher as investors signaled relief that the increase wasn’t more aggressive.

The Department of Commerce said government spending declined while most private-sector demand indicators strengthened.

The Department of Labor said March prices were 8.5 percent higher than a year earlier.

The Fed yesterday increased the federal funds interest rate by a quarter-percentage point for the first time since 2018.

Brent crude futures dropped roughly 5 percent in the last week, though gasoline prices continue to surge.

As more countries consider boycotting Russian petroleum, oil prices skyrocket and stock markets falter.

The Labor Department reports that the jobless rate fell from 4 percent to 3.8 percent, and that hourly pay has risen 5.1 percent in the last year.

Federal Reserve chairman Jerome Powell will propose a quarter-percentage interest point rate increase when the central bank meets in two weeks.

Gross domestic product grew at pace of 6.9 percent, but omicron and supply shortages may stymie Q1 2022 numbers.

The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress

A key measurement of U.S. consumer confidence dropped in September as U.S. deaths from Covid-19 passed 700,000.

Many economic segments remain strong, but a poor jobs report and a slip in consumer confidence reinforce the pandemic’s long-reaching effects.