Broad-based increases in major price categories, particularly gas and food, drove the U.S. Consumer Price Index up by 1.3 percent in June month over month and by 9.1 percent year over year—the largest annual increase since 1981, the Bureau of Labor Statistics reported Wednesday.
Tag: Odeta Kushi
May New Home Sales Jump 11%
May new home sales proved to be a solitary bright spot in a month of otherwise disappointing housing reports, rising by nearly 11 percent from April, HUD and the Census Bureau reported Friday.
May Housing Starts Plunge Amid Market Volatility
Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.
Employers Add 390,000 May Jobs; Unemployment Rate Holds at 3.6%
Employers added nearly 400,000 jobs in May, largely meeting expectations, the Labor Department reported Friday. The unemployment rate held at 3.6 percent for the third straight month.
April New Home Sales Fall to 2-Year Low
New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.
Multifamily Nearly—But Not Quite—Saves April Housing Starts
April housing starts fell by just 0.2 percent from March—no thanks to single-family starts, which fell by more than 7 percent—HUD and the Census Bureau reported Wednesday.
April Inflation Cools Slightly
Inflation fell in April, relatively speaking, the Bureau of Labor Statistics reported Wednesday.
Employment Approaches Pre-Pandemic Levels
U.S. employment rolls increased by more than 425,000 in April, the Bureau of Labor Statistics reported Friday.
Multifamily Gives Positive Edge to March Housing Starts
Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.
March Jobs Report Continues Strong Trend
U.S. employers added 431,000 jobs in March, the Bureau of Labor Statistics reported Friday, while the nation’s unemployment rate fell to 3.6 percent.