
Job Creation Roars Back in October
The U.S. jobs market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday.

The U.S. jobs market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday.

The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week.

Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing firm ADP reported Wednesday.

Over the weekend the U.S. Trade Representative and Customs negotiated a deal with the European Union regarding 232 steel and aluminum tariffs.

Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income.

The ports of Long Beach and Los Angeles are assessing a surcharge for import containers that remain on marine terminals for extended periods.

The national average price for a gallon of gas — $3.38 — is a rise of $1.22 over the same products’ cost last year.

The Bureau of Economic Analysis will release the fourth annual Outdoor Recreation Satellite Account report Nov. 9.

Weekly jobless claims hit another pandemic-era low last week as the elimination of enhanced benefits sent fewer to the unemployment line.

A surge in the cost of crude oil is continuing to drive the cost of gasoline up, AAA reported, rising to a national average of $3.32.

Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department said.

Global supply-chain hiccups have put a damper on economic growth, but the problem will be fleeting, one CEO said Monday.