Jobless Claims Rise to 215,000 as Labor Market Holds Up
Filings for U.S. unemployment benefits edged up while remaining at historically low levels, another indication that the labor market remains generally robust.
Employment Costs Rise Less Than Expected in Second Quarter
Employment costs rose less than estimated in the second quarter as worker pay raises held steady while benefit gains decelerated, suggesting inflation pressures remain muted.
Housing Starts Fall in June on Fewer Multifamily Units
New home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects.
Core Consumer Inflation Tops Projections in Broad Gain
A key measure of U.S. consumer prices rose more than forecast in June, potentially complicating the Federal Reserve’s assessment of inflation as policy makers weigh an interest-rate cut as soon as this month.
First-Quarter Consumer Spending Revised Down to 0.9% Gain
U.S. consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment was revised higher, leaving the pace of economic growth at a still-solid 3.1%.