Monthly Archives: June 2014

Wholesale Prices Show First Drop Since February

[06/14/14]  Wholesale prices fell for the first time in three months, indicating inflation remains low. The government's producer price index, which measures the cost of goods and services before they reach consumers, fell 0.2% in May, the Labor Department said. Economists had forecast a rise of 0.1%, according to Action Economics' median forecast. The report suggests "producer price inflation is still fairly contained despite the big increases in the last few months," said RBS Securities' economist Omair Sharif in a research note. Last month's decline followed a rise of 0.6% in April and 0.5% in March. Prices fell 0.2% in February. The index shows a 2% increase in inflation at the...
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Jobs Report: U.S. Economy Added 217K Jobs In May, Unemployment Remains Unchanged At 6.3%

[06/06/14]  Jobs numbers released by The Bureau of Labor Statistics Friday morning were better than what economists were predicting, leading the markets to pick up steam in early trading. Non-farm payrolls added 217,000 jobs in May, slightly above the 215,000 that economists were expecting. The unemployment rate, which is drawn from a different survey of households, remained unchanged at 6.3% and is 0.1% better than the 6.4% consensus. The labor force participation rate also remained unchanged from the 62.8% rate reported for April, the lowest rate in decades. The BLS said Friday that the participation rate has shown no clear trend since this past October but is down by 0.6% over...
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