Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Sam Bullard"


6 mentions found


Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. That would be the biggest year-on-year increase since September 2008 and follow a 4.2% rise in April. Though layoffs are abating, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, CPI, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. weekly jobless claims fall; consumer prices rise more than expected
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +4 min
Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week, the Labor Department said on Thursday. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, Reuters, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. labor market recovery gaining steam; inflation heating up
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
Surging prices for used cars and trucks accounted about one-third of the rise in consumer inflation reported by the Labor Department on Thursday. The recovering labor market and accelerating inflation will have no impact on monetary policy. "As the cycle matures, these inflation pressures will subside owing to the structural forces that have kept inflation low for long." Excluding the volatile food and energy components, the CPI increased 0.7% after soaring 0.9% in April. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Anu Gaggar, Sam Bullard Organizations: REUTERS, Labor Department, Commonwealth Financial Network, Reuters, Treasury, CPI, Fed, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
But the labor market is hardly out of the woods yet, with the jobs deficit still huge and long-term unemployment becoming entrenched. Estimates ranged from as low as 115,000 to as high as 1.1 million jobs. Nearly 1.7 million jobs were lost that month, and another 20.7 million would vanish the next. Economists estimate it could take at least two years to recoup the more than 22 million jobs lost during the pandemic. Strong job growth likely pushed down the unemployment rate, which is forecast falling to 6.0% from 6.2% in February.
Persons: Carlo Allegri, , Sung Won Sohn, Nonfarm payrolls, Sam Bullard, Erica Groshen, , Joe Brusuelas Organizations: WASHINGTON, REUTERS, Labor, Loyola Marymount University, U.S . Centers for Disease Control, U.S, Conference, Employment, Wells, Wells Fargo Securities, Cornell University’s School of Industrial and Labor Relations, RSM, Locations: Manhattan, New York City , New York, U.S, Los Angeles, United States, Wells Fargo, Charlotte , North Carolina, New York
Harsh weather temporarily weighs on U.S. retail sales in February
  + stars: | 2021-03-16 | by ( ) www.cnbc.com + 0.00   time to read: +3 min
U.S. retail sales fell more than expected moderately in February amid bitterly cold weather across the country, but a rebound is likely as the government disburses another round of pandemic relief money to mostly lower- and middle-income households. Retail sales dropped by a seasonally adjusted 3.0% last month, the Commerce Department said on Tuesday. Excluding automobiles, gasoline, building materials and food services, retail sales decreased 3.5% last month after surging by an upwardly revised 8.7% in January. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Still, last month's drop in core retail sales left the bulk of January's gain intact, and the decline was probably temporary.
Persons: Joe Biden, Sam Bullard, Goldman Sachs, Biden Organizations: Commerce Department, Reuters, Wells, Wells Fargo Securities, Goldman Locations: Texas, Wells Fargo, Charlotte , North Carolina
U.S. expected to report slowest job growth in six months
  + stars: | 2020-12-04 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
REUTERS/Bryan WoolstonThe Labor Department’s closely watched employment report on Friday will only cover the first two weeks of November, when the current wave of coronavirus infections started. “The November employment report may be the last ‘strong’ employment report for a while until a vaccine is widely available,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. That would be the smallest gain since the jobs recovery started in May and a fifth straight monthly deceleration in job gains, leaving employment 9.621 million jobs below its February peak. The number of people out of work for more than six months surged by 1.2 million in October. Slower job and wage growth would lead to weakness in a proxy for take-home pay.
Persons: Bryan Woolston, , Sam Bullard, ” Nonfarm, hospitalizations, Sung Won Sohn, Payrolls, , Dean Baker, Kathy Bostjancic Organizations: WASHINGTON, Kentucky, Center, REUTERS, Labor, Wells, Wells Fargo Securities, Republicans, Congress, Loyola Marymount University, Retailers, Institute for Supply Management, Industries, Center for Economic, Research, Oxford Economics Locations: Frankfort , Kentucky, U.S, Wells Fargo, Charlotte , North Carolina, United States, Los Angeles, Washington, New York
Total: 6