United States Bureau of Labor Statistics
Coverage of United States Bureau of Labor Statistics in the Nexus archive.
- Live markets: Bitcoin dips below $80,000 as producer price inflation surges to 6%
Bitcoin's value has dipped below $80,000 due to a surge in producer price inflation, which has reached 6%. This significant increase in inflation has led to a decrease in Bitcoin's value. The current market situation is being closely monitored.
- Wholesale prices jump to 4-year high and point to even more inflation in the next few months
The producer price index jumped 1.4% in April, marking the biggest rise in four years and pointing to higher inflation in the next month or two. This increase suggests that wholesale prices have reached a 4-year high. The rise in wholesale prices may lead to increased inflation in the coming months.
- Grocery prices jumped more in April than they had in nearly four years
Grocery prices jumped more in April than they had in nearly four years, with coffee prices rising at a pace of over 22% annually over the past three months. This significant increase in grocery prices may be attributed to various economic factors. The rise in coffee prices is particularly notable, with a substantial annual increase.
- America's paycheck nightmare is back as inflation wipes out wage gains - and small print in today's report exposes worst price shocks
Inflation is wiping out wage gains in America, causing a paycheck nightmare. The issue is highlighted in a recent report that exposes the worst price shocks. This means that despite potential wage increases, the actual purchasing power of workers is decreasing.
- Pelosi, other Dems, and former Rep MTG dogpile on Trump over inflation, Iran war
Democratic lawmakers and former Republican Rep. Marjorie Taylor Greene criticize President Donald Trump over inflation and the Iran war, citing rising consumer prices and gas costs. The Consumer Price Index rose 0.6% from a month ago and is 3.8% higher than last year. Trump's policies are blamed for the economic woes.
- Did rents really surge in April and boost inflation? Here’s the real story.
Rents did not surge in April as expected, instead shelter costs are slowing down, but other prices are rising again. This trend may impact inflation rates. The actual story behind the rent surge is more complex than initially reported.
- Retailers are on a hiring spree. But consumers are sending warning signs
The retail trade added nearly 22,000 jobs in April, accounting for about one-fifth of total job growth, despite warning signs from consumers. This hiring spree indicates a positive trend in the retail industry. However, consumer behavior suggests potential caution.
- Here's what to expect from Friday's release of the April jobs report
The labor market is expected to show stability and resilience despite challenges. The April jobs report will be released on Friday, providing more insight into the market's condition. The overall picture indicates a cooling but stable labor market.
- Kalshi Does No Better Than Experts on Key Jobs Forecasting Test
Kalshi performed similarly to experts on a key jobs forecasting test, indicating no significant difference in their abilities. The test results showed that Kalshi's predictions were comparable to those of experienced forecasters. This suggests that Kalshi's methods may be effective, but not exceptionally better than traditional expert forecasting.
- Jobs data, earnings calls: Crypto Week Ahead
The upcoming week will feature key jobs data and earnings calls, which may impact the crypto market. Jobs data will be released, providing insight into the economy's health. Earnings calls from major companies will also take place.