FactSet
2 mins read
Claims for unemployment benefits drop to 197,000, the lowest since mid-July as layoffs remain rare
WASHINGTON | Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security. The Labor Department said Thursday that 197,000 applied for unemployment checks last week, the fewest since mid-July and down from a revised 198,000 the week before. The four-week average […]
5 mins read
Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
NEW YORK | Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rose a better-than-expected 1.2% last month after recording a revised 0.5% dip in July, according to Commerce Department data released Wednesday. Economists were […]