Lucia Mutikani

U.S. weekly jobless claims fall; many unemployed losing benefits

22 Oct 2020

WASHINGTON The number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained very high as the labor market recovery shows signs of strain amid a relentless COVID-19 pandemic and ebbing fiscal stimulus. | Video

U.S. single-family homebuilding, permits surge to more than 13-year high

20 Oct 2020

WASHINGTON U.S. single-family homebuilding raced to a more than 13-year high in September, cementing the housing market's status as the star of the economic recovery amid record-low mortgage rates and a migration to the suburbs and low-density areas in search of more room for home offices and schooling.

U.S. retail sales blow expectations in September; dark clouds gathering

17 Oct 2020

WASHINGTON U.S. retail sales accelerated in September, rounding out a strong quarter of economic activity, but the recovery from the COVID-19 recession is at a crossroads as government money runs out and companies continue to layoff workers. | Video

Persistently high U.S. weekly jobless claims point to labor market scarring

15 Oct 2020

WASHINGTON The number of Americans filing new claims for jobless benefits rose to a two-month high last week, stoking fears the COVID-19 pandemic was inflicting lasting damage to the labor market. | Video

U.S. producer prices accelerate, but overall inflation trending softer

14 Oct 2020

WASHINGTON U.S. producer prices increased more than expected in September amid a surge in the cost of hotel and motel accommodation, leading to the first year-on-year gain since March.

Used vehicles again lift U.S. consumer prices, but inflation cooling

13 Oct 2020

WASHINGTON U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, but inflation is slowing amid excess capacity in the economy as it gradually recovers from the COVID-19 recession.

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