PCE
Coverage of PCE in the Nexus archive.
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
US jobless benefits filings rose to 197,000 last week, the highest since a 50-year low, but layoffs remain historically low. The Federal Reserve's PCE inflation metric hit 3.7%, above its 2% target, while the economy grew at a 1.5% annual rate in Q2. Companies like Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have cut jobs recently.
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
US jobless benefits filings rose to 197,000 last week, a 9,000 increase from the prior week, but remain historically low. Analysts had expected higher applications, and factors like the US-Iran war and rising oil prices are cited as potential threats to the job market. Companies including Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have recently reduced their workforces.