In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.
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U.S. ECONOMY GREW MODESTLY IN THIS YEAR’S FIRST HALF
Adjusted for inflation, the U.S. GDP grew by 1.25 percent during the first six months of this year, initial government data indicates.
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WHERE THE JOBS ARE—AND AREN’T
Of the 73,000 jobs the U.S. economy birthed in July, 55,000 were in healthcare, a traditionally low-paying industry that has led job creation in most months this year.
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JOB MARKET BUST: ONLY 73,000 NEW JOBS ADDED IN JULY
The U.S. economy added a net 73,000 nonfarm jobs last month, well below economists’ modest expectation of 100,000, the Bureau of Labor Statistics reported.
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GAZA DEATH TOLL
Israel has killed at least 61,020 Palestinians and wounded 150,671 others since the start of the Gaza genocide.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Manufacturing continues to be hit hard with uncertainty over tariffs, increased costs and declining demand.
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NEW STUDY: THE YOUNGER A CHILD IS WHEN THEY FIRST RECEIVE A SMARTPHONE, THE HIGHER THE LIKELIHOOD THEY WILL FACE MENTAL HEALTH ISSUES
Researchers published a new study last week that lends credence to claims that smartphones have serious negative effects on the mental health of children as they age—and those risks are heightened the earlier they first receive their own device.
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TRUMP EXTENDS CRYPTO REACH WITH NEW PUSH FOR REGULATIONS TO ENABLE MORE CRYPTO TRADING
U.S. President Donald Trump’s White House issued a report last week that focused on policy positions and regulations aimed at boosting the industry by eliminating oversight that would seem to make his top crypto donors very happy.
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POOR JOBS REPORT HALTS U.S. DOLLAR’S COMEBACK
The dollar’s value increased 1.5 percent against a collection of other major currencies last week, the London Stock Exchange Group reported, marking the buck’s best week since last November’s presidential election.