economy and economic indicators

Latest jobless claims fall to 193,000, underscoring still-tight labor market

Minneapolis CNN Business — The number of first jobless claims fell dramatically last week, underscoring how employers are hold on tight to the workers because the labor market remains full of opportunities for job seekers. Initial unemployment insurance claims were 193,000 for the week ended September 24, down 16,000 out of a downwardly revised total …

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US consumer spending rose in August as gas prices fell

CNN Business — Another month of falling gasoline prices gave Americans’ wallets some respite in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of U.S. retail sales in August unexpectedly rose 0.3% on a monthly basis, after a revised 0.4% decline in July. Retail sales, …

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Railroad strike 2022: Intensifying efforts to avert crippling strike go overnight

New York CNN Business — Talks aimed at averting a freight rail strike that could cripple U.S. supply chains continued overnight Thursday. If the strike continues early Friday, it could push up the prices of goods, from gasoline to food to cars. Two rail unions, representing more than 50,000 engineers and conductors who make up …

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Massive rail strike next week could deal another blow to America’s economy

New York CNN Business — Freight railways have been around since the 19th century, but you can’t run a 21st century economy without them. the imminence possibility of strike by unions representing more than 90,000 freight railway workers nationwide has businesses across the country worried. The unions are set to call a strike on September …

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