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Search resuls for: "Sarah Chaney Cambon"


7 mentions found


☆ Global Economy Slows, but Seems to Be Faring Better Than Feared
  + stars: | 2022-11-23 | by ( Paul Hannon | Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The global economy continued to deteriorate as 2022 draws to a close, but not as severely as economists previously feared, raising the possibility the world could avoid a deep slump next year. Business surveys released Wednesday pointed to declines in output across the U.S. and Europe’s largest economies in November. But the figures and other economic readings pointed to a mixed outlook, with some parts of both economies continuing to show resilience despite high inflation and rising interest rates.
☆ Jobless Claims Ticked Up But Remained Historically Low
  + stars: | 2022-11-10 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
U.S. worker filings for unemployment benefits rose last week but remained near historically low levels, in a sign many employers continue to hold on to their employees. Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 225,000 last week, the Labor Department said Thursday. That is close to the prepandemic 2019 weekly average of 218,000, when the labor market was also strong.
☆ Why the October Jobs Report Is So Strong Despite Tech Layoffs
  + stars: | 2022-11-04 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Payment processor Stripe is among the tech companies that recently announced job cuts. Several large tech companies are cutting jobs, while employers overall are still adding them at a strong clip, contributing to other apparently mixed signals about the U.S. labor market. Both trends can coexist as companies make different staffing decisions in a cooling economy and as the government tries to track the changing picture.
☆ U.S. GDP to Detail State of Economy Amid High Inflation
  + stars: | 2022-10-27 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. third-quarter gross domestic product report will reveal how the economy fared at a time of high inflation and rising interest rates. The three-month period from July to September included mixed signals on the economy’s performance. Consumer inflation remained close to a four-decade high as broad price pressures persisted. The Federal Reserve continued raising interest rates rapidly to slow economic activity enough to bring down inflation.
☆ U.S. Economy Grew 2.6% in Third Quarter, GDP Report Shows
  + stars: | 2022-10-27 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. economy grew at a 2.6% annual rate in the third quarter but showed signs of a broad slowdown as consumer and business spending faltered under the weight of high inflation and rising interest rates. Gross domestic product—a measure of goods and services produced across the nation—increased after declining in the first half of the year as the trade balance boosted growth, the Commerce Department said Thursday.
☆ U.S. GDP Grew 2.6% in Third Quarter
  + stars: | 2022-10-27 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
The U.S. economy grew at a 2.6% annual rate in the third quarter despite a slowdown in consumer spending during the summer amid high inflation and rising interest rates. Gross domestic product—the broadest measure of goods and services produced across the nation—increased after declining in the first half of the year, the Commerce Department said Thursday. Consumer spending, the economy’s main engine, cooled from July to September compared with the previous quarter.
☆ U.S. Jobless Claims Hit Lowest Level in Five Months
  + stars: | 2022-09-29 | by ( Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Claims for unemployment benefits fell last week to the lowest level since the spring. U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing economy. Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 193,000 last week from a revised 209,000 the previous week, the Labor Department said Thursday. The total was the lowest since late April and below the prepandemic average of 218,000 in 2019, when the labor market was also tight.
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