U. S. Unemployment Rate Rises to 4.3% in July 2024

By Tom Burnett CFA On August 2, 2024, the Bureau of Labor Statistics released the Employment Report for July. Total employment rose by 114,000, well below the average monthly gain of 215,000 over the previous 12 months. The number of job seekers rose by 352,000 to 7.2 million, up from 5.9 million a year…

By Tom Burnett CFA On July 31, 2024, the Federal Open Market Committee (“FOMC”) issued its July report on Monetary Policy. The FOMC decided to leave rates unchanged at the current range of 5.25-5.50%. The Fed will also continue to sell down its inventory of Treasury and mortgage-backed securities…

by Colleen Kelleher Sorrentino, Stacey Mankoff, 7/2/24 original post Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Inflation can impact your investment portfolio by slowly eroding its value, silently reducing your…

By Tom Burnett CFA The Bureau of Labor Statistics issued its report on Consumer Prices on July 11, 2024. The CPI fell 0.1% in June, following an unchanged reading in May. The Index rose 3.0% from the prior year. The Core Index, excluding food and energy, rose 0.1%, after a reading of 0.2% in May....

By Tom Burnett CFA On July 5, 2024, the Bureau of Labor Statistics released its Employment Report for June 2024. The economy added 206,000 new jobs, bringing total employment to 159.4 million. The number of unemployed workers remained at 6.8 million and the rate moved up to 4.1%, from 4.0% in the prior…