Dossier
PCE (Personal Consumption Expenditures)
Coverage of PCE (Personal Consumption Expenditures) in the Nexus archive.
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
The number of U.S. unemployment benefit applications rose to 197,000 in the week ending July 25, up from 188,000, but remains within a historically low range. Analysts warn that prolonged U.S.-Iran tensions and rising energy costs could weaken the job market, while the Federal Reserve faces pressure to raise interest rates due to a 3.7% PCE inflation rate. Companies like Verizon, UPS, Amazon, and Microsoft have recently reduced their workforces.