Reuters

WASHINGTON (Reuters) - New orders for U.S.-manufactured goods unexpectedly fell in May, while business spending on equipment appeared weaker than initially thought, government data showed on Wednesday.

US factory orders unexpectedly fall in May

WASHINGTON (Reuters) -First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market.

US weekly jobless claims rise as labor market gradually slows

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. Inflation rates have slowed down somewhat, after having soared to record highs in recent years, but the damage to Americans’ purchasing power has been done — no matter how much you earn or what field you work in.

A whopping 97% of US jobs have failed to keep up with inflation since 2019 — here are 3 of the most affected industries

(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week's revised level of...

U.S. Jobless Claims Dip More Than Expected To 233,000

New York Post

First-time applications for unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high towards the end of June, consistent with a gradual cooling in the labor market.

Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year, with financial markets hopeful that the easing cycle could start in September.

Fed Chair Jerome Powell said on Tuesday that the economy was back on a “disinflationary path,” but stressed policymakers needed more data before cutting rates.



“The labor market is still historically strong, but not...

Labor market continues to cool as applications for unemployment benefits rise

Former House Speaker Kevin McCarthy joins 'Squawk Box' to discuss what Republicans are hoping for in the November general election, how other world leaders view the United States, and much more.

Former House Speaker Kevin McCarthy: Too late for Democrats to find another nominee

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Latin Times

The share of immigrants in the workforce has grown steadily over the last 15 years and more rapidly since 2020 as immigrants have returned to work more quickly post COVID-19 than their U.S.-born counterparts. As the U.S. economy increasingly relies on migrant labor, a new study by Brookings shows which states and occupations may see the highest need of foreign-born labor in the years to come.

California, Texas and New York among top states projected to have highest demand for work visas by 2030

Virginia State

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Margaret Minnicks

WVTF reported that a new Virginia law will become effective on July 1, 2024. The law will prevent utility companies from disconnecting services on various occasions, which could leave someone without power for days.

A new law will keep utilities from being disconnected on weekends and holidays in Virginia

LONDON (Reuters) -Oil prices for Brent crude held above $87 a barrel on Thursday, near their highest level since late April after data the previous day showed a decline in U.S. inventories.

Brent crude oil holds above $87 a barrel

As president, Trump called for the elimination of the Education Department's debt relief programs, including the popular Public Service Loan Forgiveness initiative, which benefits public employees such as members of the U.S. Armed Forces, first responders, public defenders, prosecutors and teachers. He also wanted to slash the department's budget, and...

Trump may roll back student loan forgiveness programs if elected to second term

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

Tom Narayan, RBC Capital markets analyst, joins 'Squawk on the Street' to discuss Tesla, after the EV maker paces for its seventh day of gains.

Tesla deliveries are being 'overanalyzed' by investors, says RBC Capital's Tom Narayan

Blockbuster weight loss drugs such as Wegovy and Ozempic may be associated with a rare eye condition, according to a new study released Wednesday. A Novo Nordisk spokesperson said there were "key methodological limitations" to the study. One analyst described the results as "hardly a game-changer," adding that a worst-case...

Novo Nordisk shares shrug off concerns over study linking weight loss drugs to rare eye condition

CBS News

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  The Bureau of Labor Statistics releases an inflation report every month. This report gives economists, investors and consumers an idea of how fast prices are growing in the United States. And, the state of price growth in the United States can impact financial markets. The precious metals market may also react to the next inflation report. And, that means the report can cause the price of gold to move. The next inflation report will be released on July 11, 2024....

Why you should invest in gold before the July inflation report's released

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CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

CNBC TechCheck Evening Edition: July 3, 2024

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Peter Goodman, New York Times global economics correspondent, joins 'Squwak Box' to discuss the supply chain woes of the pandemic and how to avoid them in the future, the answer to the vulnerabilities in the supply chain, and much more.

NYT's Peter Goodman: Pandemic exposed supply chain vulnerabilities, and they're still there

U.S. Treasury yields were higher on Monday as investors awaited key economic data due this week and digested the latest inflation insights. Yields and prices move in opposite directions and one basis point equals 0.01%. Treasurys. Investors considered the latest economic data and looked ahead to insights from the labor...

10-year Treasury yield climbs as investors look to data in week ahead

The Center Square

(The Center Square) – The number of insured unemployed individuals increased by 26,000 to 1,858,000, in the week ending June 29, the highest level since November 2021.
                Seasonally adjusted initial unemployment claims reached 238,000, marking an increase of 4,000 from the previous week's revised figure of 234,000.
                These numbers were higher than expected, according to the Department of Labor, and are signs of a slowing job market.
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Unemployment insurance claims continue to rise

WASHINGTON — The construction industry had 339,000 job openings on the last day of May, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 2,000 last month but are down by 38,000 from the same time last year.

ABC: Construction Job Openings Down from May 2023

NewsBreak

Private payrolls grew by just 150,000 in June, less than expected

Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market. Companies added...

Private payrolls grew by just 150,000 in June, less than expected

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