August 29, 2022 | Daily Business Review
US Growth Measures Diverge, Complicating Recession DebateThe official arbiter of recessions in the U.S., the National Bureau of Economic Research's Business Cycle Dating Committee, uses a range of economic variables when making its recession call.
By Reade Pickert
4 minute read
August 11, 2022 | Daily Business Review
Producer Prices Fall for First Time Since Early in PandemicThe pullback in the producer price index was due to a decline in the costs of goods, though services prices only edged up.
By Reade Pickert
3 minute read
June 30, 2022 | Daily Business Review
Consumer Spending Cools in Sign of Economy on Weaker FootingThe slowdown in consumer spending, the main driver of the U.S. economy, adds to growing concerns about the economic outlook.
By Reade Pickert
3 minute read
June 22, 2022 | Daily Business Review
Economic Indicators Hard to Decipher as Recession Risks GrowEconomists don't tend to look at any given indicator in a vacuum. Instead, they consider a wide variety of data when making projections about the health of the economy.
By Reade Pickert
4 minute read
June 14, 2022 | Daily Business Review
US Producer Prices Rise at Brisk Pace, Adding to Fed PressureThe producer price index for final demand increased 0.8% from April and 10.8% from a year earlier, Labor Department data showed.
By Reade Pickert
3 minute read
June 02, 2022 | Daily Business Review
Labor Market to Show Emerging Dichotomy of Tightness, RisksWhile the composition of employment has shifted in the last two years, the U.S. has now recovered 95% of jobs lost during the first two months of the pandemic.
By Olivia Rockeman and Reade Pickert
5 minute read
April 29, 2022 | Daily Business Review
Employment Costs Surge Most Ever, Stoking Inflation ConcernThe stretch of healthy gains in employment costs underscores how rising wages are a key part of the inflationary picture.
By Reade Pickert
3 minute read
April 11, 2022 | Daily Business Review
Inflation May Peak in March, But It's a Slow Go to Fed's 2%Economists expect inflation to settle back to an average 5.7% in the fourth quarter. Even so, that's about three times the annual rate seen in the years before the pandemic.
By Olivia Rockeman and Reade Pickert
5 minute read
March 31, 2022 | Daily Business Review
Inflation-Adjusted Spending Falls as Prices Temper DemandAfter omicron-related volatility in the prior two months, the government's data suggest American consumers are feeling the pinch of the fastest inflation in decades.
By Reade Pickert
3 minute read
March 30, 2022 | Daily Business Review
American Labor Reshuffle Is Fueling Higher WagesTwo years after the onset of COVID-19, the labor market has adapted to reflect shifts in spending that's heavier on goods and lighter on services.
By Reade Pickert
3 minute read
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