The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the...
WASHINGTON - The number of Americans filing new applications for unemployment benefits rose more than expected last week, but there has been no material shift in the labor market and the data is typically noisy in July because of summer breaks and temporary factory closures.
The Fed's "Beige Book" report on Wednesday showed "employment rose at a slight pace" in early July, but noted a decline in manufacturing employment. It is getting harder for the unemployed to land new jobs relative to last year. The U.S. central bank has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for the past year. It has hiked its policy rate by 525 basis points since 2022 to tame inflation.
The odd couple, who discussed the attempt on Donald Trump's life and President Joe Biden's economy, reunited on "The Daily Show" for the first time in 10 years.Arkansas Gov. Sarah Huckabee Sanders invoked first lady Jill Biden, a rare target for GOP attacks, during her speech at this week’s Republican convention. Sanders, who briefly served as former President Trump’s press secretary, recounted taking her son to work one day while serving in the White House.
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