The government is making a big change in how it reports jobless claims. Here’s why

This post was originally published on this siteInvestors beware: The number of people applying for unemployment benefits could fall sharply when the government on Thursday reports jobless claims,

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Fed’s Clarida says new inflation-fighting strategy has roots in failure of old approach

This post was originally published on this siteA top Federal Reserve official on Monday said a groundbreaking shift in how the central bank sets U.S. interest rates stems from the persistent

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New wave of layoffs points to fresh hurdles for US economic recovery heading into the fall

This post was originally published on this siteA flurry of fresh layoffs and furloughs in the U.S. is posing a new hurdle for a fragile economic recovery whose momentum appears to have flagged. A

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Consumer sentiment improves slightly in late August, but still near pandemic low

This post was originally published on this siteAmericans regained a small amount of confidence in the path of an economic recovery in late August, but they are still quite pessimistic about how

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Consumer spending slows in July as economic recovery loses some momentum

This post was originally published on this siteThe numbers: Americans increased spending in July for the third month in a row, but at a much slower pace in a sign that an economic rebound from

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US economy’s historic slump in the second quarter lowered to a 31.7% annual decline, GDP shows

This post was originally published on this siteThe numbers: The historic plunge in gross domestic product in the second quarter was lowered slightly to show a 31.7% annual decline, revised

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Consumer confidence tumbles to new pandemic low after summer viral outbreak

This post was originally published on this siteThe numbers: Consumer confidence fell in August to a new pandemic low after a fresh rash of coronavirus cases during the summer caused Americans to

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Leading US economic index rises more slowly in July as recovery wanes

This post was originally published on this siteWASHINGTON (MarketWatch) – The leading economic index rose 1.4% in July to mark the third straight increase, but it grew more slowly in a sign

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Jobless claims climb back above 1 million as recovery in the labor market slows

This post was originally published on this siteThe numbers: Initial jobless claims rose in mid-August and topped 1 million again, potentially pointing to an increase in layoffs after a summer

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Consumer sentiment remains down in the dumps in August and pessimism reigns

This post was originally published on this siteAmericans didn’t feel any better about the economy or their own financial situation in August than they did in the previous month, reflecting

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