Initial Jobless Claims Turn Up, Continuing Claims Reach 1.71 Million, Highest Level Since February… Initial jobless claims inched up from 216,000 last week to 225,000. What it means— The initial ...
Week In Review – December 19 2022
Federal Reserve Raises Rates 0.50%, Promises More Rate Hikes on the Way… The central bank reiterated its intention to raise rates in 2023, thereby weighing on economic growth. What it means— It’s ...
Week In Review – December 12 2022
Continuing Jobless Claims Up to 1.67 Million… The number of workers filing for jobless benefits beyond the initial week has increased from roughly 1.306 million in May to 1.67 million last week. What ...
Week In Review – December 5 2022
The U.S. Economy Created 263,000 Jobs in November, Unemployment Was Unchanged at 3.7%…The jobs number came in solidly above the 200,000 estimate. What it means— Well, that’s going to leave a mark ...
Week In Review – November 21 2022
Retail Sales Exceeded Expectations, Fed Governors Reiterated Rates Would Be Higher for Longer… Kansas City, MO, Federal Reserve President Esther George said that it was unlikely the central bank could ...