Oct. 28, 2016
Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s pace of 1.4%. Economists surveyed by The Wall Street Journal expected growth at a 2.5% pace for the July-to-September period.
Oct. 18, 2016
The Labor Department on Tuesday said that consumer prices rose by 0.3% in September from August, putting them 1.5% above their year-earlier level. With gasoline prices stabilizing, annual inflation ought to push above 2% on the year within a couple of months.
Oct. 14, 2016
"Sales at retail stores, online retailers and restaurants rose a seasonally adjusted 0.6% in September from the prior month, matching economists’ expectations for a rebound after sales fell 0.2% in August, the Commerce Department reported Friday.
Stronger auto sales and rising gasoline prices boosted the headline figure last month, and spending excluding gas and autos rose a more modest 0.3%, though that was still the best gain in three months."
Oct. 13, 2016
Weekly applications for unemployment benefits were unchanged at a seasonally adjusted 246,000, the Labor Department said Thursday. The four-week average, a less volatile measure, fell 3,500 to 249,250.
Oct. 12, 2016
The labor market was showing few signs of acceleration and few signs of deterioration in August, according to the Labor Department’s monthly Job Openings and Labor Turnover Survey, known as Jolts. . . The drop can be largely attributed to a decline in openings for professional and business services, which saw the number of available jobs fall by 223,000 to 989,000.