Economy News Updates

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated.

WASHINGTON — U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.

American consumers wrapped up the year in a spending mood, buying all sorts of merchandise from furniture to clothing and eating out at restaurants, according to the government.

Initial applications for U.S. unemployment capped 2024 at an eight-month low, reflecting the muted levels of job cuts in a labor market that has remained surprisingly resilient.

Despite uncertainty around a presidential election, elevated interest rates and a cooling labor market, economic growth remained solid in 2024.

The trucking industry is expected to slowly improve next year even as market headwinds and uncertainty leave many unknowns heading into 2025.

The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.

Over the past two and a half years, the trucking industry has persevered through a freight rate recession amid an oversupply of capacity while also navigating supply chain disruptions and uncertainty. When will freight rates rebound, and how much recovery can we expect?

Vice President Kamala Harris and former President Donald Trump delivered their closing arguments to voters heading into Election Day as their campaigns draw to a conclusion.

WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.