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Showing 1 - 10 of 49 results for "Bureau of Labor Statistics"

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... July to 3.2%, several indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally adjusted basis year on year. On a month-by-month basis ...

US inflation hits one-year low

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
The Consumer Price Index (CPI) in the US dropped 0.1% in December, according to the Bureau of Labor Statistics. Inflation in the US has risen 6.5% over the past year, but the latest data also shows a cooling trend for the sixth consecutive month. US ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
The US Bureau of Labor Statistics has reported that inflation has surged 9.1% over the last year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't ...

Economic recap: Week to October 15

BENJAMIN ONG  |  MONDAY, 18 OCT 2021
... index was little changed to 93.20 from 93.16. Not even when on the same day of the release, the US Bureau of Labor Statistics reported that remains on the up and up. The annual headline inflation rate increased to a 13-year high of 5.4% in September ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... gets back on track in the December 2021 quarter. There were good news in the US labour market. The Bureau of Labor Statistics (BLS) reported that non-farm payrolls grew by 943K in July. This is the biggest addition to employment in 11 months and greater ...

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG  |  FRIDAY, 11 JUN 2021
... in determining its next policy move only a month apart? Wall Street rallied last month when the US Bureau of Labor Statistics (BLS) reported that the US economy added 266,000 jobs in April, well-below market expectations for a nearly 1 million gain (978,000 ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG  |  TUESDAY, 8 JUN 2021
... would reduce its policy accommodation in the very near future. The day was June 4 - the day the US Bureau of Labor Statistics (BLS) reported that the economy generated only 559,000 jobs in May, missing consensus expectations for the creation of 650,000 ...

Chief economist update: A half-glass full look at inflation

BENJAMIN ONG  |  MONDAY, 17 MAY 2021
... over the week that was. Concerns over US inflation eased somewhat at the start of last week after US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well below market expectations ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... policy accommodation sooner than its peddling, sparked by resurgent concerns over inflation. The US Bureau of Labor Statistics (BLS) reported that headline inflation rose by 0.8% over the month of April - the biggest increase since June 2009 and four ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... and up on May 7 - the Dow and the S&P 500 index even rallied new record highs -- the same day the US Bureau of Labor Statistics (BLS) revealed disappointing labour market stats. The US economy added 266,000 jobs in April, well-below market expectations ...
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