Economy

US Annual Inflation Shoots Up to 3.3 Percent, Highest Level Since May 2024

A spike in energy prices sent the annual U.S. inflation rate to its highest level since May 2024, according to the Bureau of Labor Statistics.

Iran War Could Bring ‘Skunk’ to America’s Economic Party: Jamie Dimon

The war in Iran could bring a “skunk” to America’s economic party this year, JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders, released on April 6.
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US Economy Adds 178,000 New Jobs in March

The US economy added 178,000 new jobs in March and the unemployment rate dipped to 4.3 percent to cap off a volatile first quarter.

US Job Openings Unexpectedly Rebound From 5-Year Low in January

The number of job openings in January exceeded expectations, signaling potential renewed demand for labor amid sluggish employment conditions.

US Gas Prices Jump as Iran War Continues

The average price of gasoline has increased to its highest level since mid-2024 as the conflict in Iran continues.

US Economy Unexpectedly Lost 92,000 Jobs in February

The U.S. economy unexpectedly lost jobs last month, reversing January’s better-than-expected performance, new government data shows.

US Economy Adds 130,000 New Jobs, Unemployment Rate Dips to 4.3 Percent

The U.S. economy created 130,000 new jobs in January, suggesting employment conditions could be improving following months of a sluggish labor market.

Freight Data Indicate Early US Industrial Rebound as Midwest Truck Volumes Jump

Freight activity tends to turn ahead of broader industrial indicators, as manufacturers move inputs and finished goods before investment and hiring, Analysts say.