Category: BUSINESS

US producer prices post the biggest increase in 5 months

U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge in the cost of gasoline. That was the largest increase […]

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US weekly jobless claims drop to the lowest level since 1969

The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth. Initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 196,000 for the week ended […]

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