Economy

“Retail sales increased 0.2% in February, though spending up less than expected”

“Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% rise. The so-called control group, which strips out noncore sectors and feeds directly… Continue Reading…

Economy

“U.S. payroll growth totals 151,000 in February, less than expected”

“Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month, better than the downwardly revised 125,000 in January but less than the 170,000 consensus forecast. Federal government employment declined by 10,000 in February though government payrolls overall rose by… Continue Reading…

Economy

“Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market”

“…First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the Labor Department said Thursday. The report comes… Continue Reading…

Economy

“Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%”

“Nonfarm payrolls grew by just 114,000 in July, below the downwardly revised 179,000 in June and the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021, triggering an economic rule on recessions.… Continue Reading…

Business

“Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects”

“Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items… Lowe’s stuck by its full-year forecast. It said it expects total sales of between $84 billion and $85 billion, which would be a… Continue Reading…

Economy

Fast-food companies are attracting Less low-income customers

“… Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s and Wendy’s recently said they worry about losing business from those on the tightest budgets. Roughly a quarter… Continue Reading…

Economy

“Americans making student loan payments have up to 36% less saved for retirement”

“…In fact, employees with student loan payments who earn $55,000 a year or more and have been at their company for five years or less have average 401(k) balances 36% lower than those without payments, the EBRI found…” https://www.cnbc.com/2024/02/19/americans-making-student-loan-payments-have-up-to-36-percent-less-in-401ks.html College… Continue Reading…

Economy

“Less Than Half of Americans “Very Satisfied” With Own Lives”

“For just the third time in more than two decades, less than half of Americans say they are “very satisfied” with the way things are going in their personal lives. The 47% of U.S. adults expressing high satisfaction with their… Continue Reading…

Economy

“Private sector payrolls rose 113,000 in October, less than expected, ADP says”

“…The payrolls processing firm said that companies added 113,000 workers for the month, higher than the unrevised 89,000 in September but below the Dow Jones consensus estimate of 130,000. On wages, ADP said pay was up 5.7% from a year ago, the… Continue Reading…