In the week ending 4 April, new claims for jobless benefits rose 16,000 from the previous week to reach 219,000, the highest level since the week ending 7 February.
Tag: U.S. Economy
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HOME FORECLOSURE PRESSURES INCREASE IN THE K-SHAPED ECONOMY
In this year’s first quarter, legal requests related to home foreclosures leaped up 20.3 percent from a year earlier, according to LegalShield’s Consumer Stress Legal Index.
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IN MARCH, U.S. CONSUMER PRICES ROSE MOST IN FOUR YEARS
In March, the U.S. Consumer Price Index (CPI) shot up 0.9 percent above February’s level, the largest monthly jump since 2022 as the Iran War hiked gasoline prices by 35 percent or more.
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U.S. ECONOMY GDP BLUES
The U.S. Bureau of Economic Analysis (BEA) has downgraded its earlier estimate of the country’s economic growth in 2025’s final quarter to 0.5 percent.
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MARKET OVERVIEW
The Dow Jones Industrial Average and Standard & Poor’s 500 index lost ground Friday, but all three major indexes posted gains for the week as traders held out hope that the ceasefire between Iran and the U.S. would endure.
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VW SUSPENDS EV PRODUCTION AT TENNESSEE PLANT
Volkswagen will halt production of its ID.4 all-electric SUV at its plant in Chattanooga, Tenn., and instead concentrate on making more of its Atlas internal combustion SUV, the company has announced.
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TRUMP PROMISED A BLUE-COLLAR JOBS BOOM. WHERE IS IT?
After Congress passed Donald Trump’s “big beautiful bill” last summer, the White House crowed that the measure’s tax cuts would “unleash our economy and deliver a Blue-Collar jobs BOOM!”
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FUEL SURCHARGES WALLOP SMALL U.S. BUSINESSES
Delivery services including FedEx, UPS, and the U.S. postal service are adding surcharges to their fees to cover the surge in fuel costs.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market showed a mixed but generally steady pattern this week, as hiring activity continued at a measured pace while employers remain cautious about long-term commitments.
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ECONOMIC UPDATE
As we continually note, there is no connection between Wall Street and Main Street.