US Unemployment Rate Edges Higher Amid Slow Job Growth
The US unemployment rate has ticked up to 3.8%, reflecting slower job growth and sparking fresh questions about the economy’s strength and future market moves.
The US unemployment rate has ticked up to 3.8%, reflecting slower job growth and sparking fresh questions about the economy’s strength and future market moves.
US retail sales took an unexpected dip last month as rising inflation and higher prices made consumers think twice before spending. This slowdown highlights growing concerns about the economy’s near-term outlook.
Treasury yields climb as investors react to mixed economic signals, with strong jobless claims easing concerns but a slowdown in manufacturing sparking caution about the economy’s future. This shift reflects growing worries over inflation and the possibility of further Fed rate hikes.
US retail sales fell by 0.3% last month, revealing a slowdown in consumer spending amid rising inflation concerns. This unexpected dip spotlights the challenges facing the economy and the retail sector as shoppers tighten their wallets.