U.S. labor market still tight; housing mired in recession
Weekly jobless claims fall 15,000 to 190,000Continuing claims increase 17,000 to 1.647 millionSingle-family housing starts rise 11.3%; permits fall 6.5%WASHINGTON,...
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Bank of England says insurance reform must not repeat Equitable Life debacle
LONDON, Jan 16 (Reuters) - Britain's proposed changes to capital rules for insurers could lead to the government having to...
U.S. labor market powers ahead, but wage growth loses steam
Nonfarm payrolls increase 223,000 in DecemberUnemployment rate falls to 3.5% from 3.6%Household employment surges; labor force risesAverage hourly earnings gain...
UK economy was G7 growth laggard in Q3 as dismal 2023 beckons
UK at bottom of G7 table, ONS figures showGDP drops 0.3% on quarter vs previous -0.2% estimateManufacturing and construction sectors...
UK downturn moderates in December but factories struggle – PMI
LONDON, Dec 16 (Reuters) - The downturn across British businesses has eased slightly this month, apart from for manufacturers, and...
U.S. retail sales fall after hefty gains; labor market still tight
Retail sales fall 0.6% in NovemberCore retail sales drop 0.2%; October sales revised lowerWeekly jobless claims decrease 20,000 to 211,000WASHINGTON,...
U.S. import prices drop further; inflation pressures easing
Import prices fall 0.6% in November; up 2.7% year-on-yearCore import prices drop 0.6%; rise 1.7% from year agoExport prices slip...
U.S. inflation subsiding as consumer prices rise moderately in November
Consumer price index increases 0.1% in NovemberCPI up 7.1% year-on-year, smallest gain in 11 monthsCore CPI climbs 0.2%, up 6.0%...
U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
BENGALURU, Dec 9 (Reuters) - The U.S. economy is heading into a short and shallow recession over the coming year,...
U.S. banks warn of recession as inflation hurts consumers; shares fall
NEW YORK, Dec 6 (Reuters) - The biggest U.S. banks are bracing for a worsening economy next year as inflation...
