There remained 1.7 job vacancies per unemployed worker, significantly higher than 2019's average of 1.2.
inflation is most likely approaching an inflection point where the central bank can begin considering a pause in its efforts to restore price stability.
The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
The producer price index rose by 0.4% in September after falling for two straight months, the Bureau of Labor Statistics reported on Wednesday.
Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.
At this critical juncture, with the policy rate residing in neutral terrain, it is natural for the Fed to adjust its rhetoric as it considers next steps.
The top-line consumer price index hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices.
Job openings declined for the second straight month in May as the Federal Reserve's rate hikes slowed down overall demand.
The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term.
Inflation continued to broaden out across the American economy in May, rising by 8.6% annually and underscoring the urgency among central bankers to restore price stability through an increase in the federal funds rate and a drawdown in its $8.9 trillion balance sheet.
Just when middle market businesses where hoping for relief from supply chain disruptions, China's renewed economic shutdowns laying the groundwork from another round.
The economy is fewer than 1 million jobs from reaching its pre-pandemic level. Yet there were a record 11.55 million job vacancies.
Inflation is likely to increase the cost of claims for auto physical damage, property and catastrophe lines of business for years to come.
This legislation represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century.
After building up prodigious savings during the pandemic, American households are starting to spend that cash.
Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.