
Producer Inflation Accelerated in August
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010.

Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010.

First-time filings for unemployment claims in the U.S. dropped to 310,000 last week, easily the lowest of the Covid era.

Job creation for August was a huge disappointment, CNBC reported, with the economy adding just 235,000 positions.

Initial filings for unemployment insurance fell last week to their lowest levels since March 2020 in another sign that the labor market is gradually improving.

Gas prices fell slightly as last week ended, according to AAA. The national average for regular gasoline dipped 2 cents a gallon.

An inflation measure that the Federal Reserve uses to set policy rose 3.6% in July from a year ago.

Initial claims for unemployment insurance were little changed over the past week, hovering around coronavirus pandemic-era lows.

First-time filings for unemployment insurance hit a new pandemic-era low last week.

Retail sales in July fell 1.1% from the previous month, driven largely by heavy slumps in motor vehicle dealer sales.

The U.S. Energy Information Administration reported national average regular gasoline prices flat in the week ending Aug. 16 from the previous week.

The U.S. Energy Information Administration (EIA) released its latest Short Term Energy Outlook, forecasting regular average gas prices peaked in July but remaining high in August.

Inflation at the wholesale level jumped a higher-than-expected 1% in July.