ECI

Inflation in the United States is subsiding as consumer prices fall; The job market is still tight

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Consumer prices fell 0.1% in December The Consumer Price Index increased by 6.5% year-on-year Core CPI rose 0.3%; 5.7% increase year-on-year Weekly jobless claims drop from 1,000 to 205,000 WASHINGTON (Reuters) – American consumer prices fell for the first time in more than two-and-a-half years in December amid lower gasoline and auto prices, giving hope … Read more

The US labor market is advancing, but wage growth is losing momentum

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Nonfarm payrolls increased 223,000 in December Unemployment rate down to 3.5% from 3.6% high rates of domestic workers; High workforce earning average hourly earnings of 0.3%; An increase of 4.6% year-on-year WASHINGTON, Jan. 6 (Reuters) – The U.S. economy added jobs by a strong measure in December, pushing the unemployment rate back to a pre-pandemic … Read more