United States Department of Labor

On Thursday, September 12, the Bureau of Labor Statistics (BLS) released data showing that the U.S. PPI rose 1.7% year-on-year in August, in line with expectations and marking the lowest level since February. The monthly increase was slightly higher than expected at 0.2%, driven by a rebound in the cost of services.

U.S. August CPI rose 2.5% YoY, easing for the 5th month, according to data from the U.S. Bureau of Labor Statistics on Wednesday. However, persistent housing inflation led to a slightly higher-than-expected core CPI increase of 0.3%, which suggests that the Federal Reserve might proceed cautiously with rate cuts.

On September 6, the U.S. Bureau of Labor Statistics (BLS) released data showing that nonfarm payrolls added 142,000 jobs in August 2024, below the expected 160,000. The unemployment rate fell back to 4.2 percent, in line with the market's expectations, hitting a new low since June.

The U.S. Department of Labor reported that initial jobless claims fell by 5,000 to 227,000 in the week ending August 31, below market expectations of 230,000, helping ease concerns about a deteriorating job market.

The number of job openings was little changed at 7.673 million, the lowest level since January 2021, according to the report from the U.S. Bureau of Labor Statistics on Wednesday. The number of layoffs increased, with the rate of layoffs and discharges falling to 1.1 percent, the lowest in three years, showing signs of weakness in the labor market.

The U.S. Department of Labor reported a decrease of 2,000 in initial jobless claims for the week ending August 24, bringing the total to 231,000. This figure was better than the expected 232,000, consistent with the ongoing gradual cooling of the labor market.

The U.S. Department of Labor reported that initial claims for unemployment benefits dropped 7,000 to 227,000 for the week ended August 10, falling for the second consecutive week to the lowest level since early July. This further eases concerns about a U.S. recession.

The U.S. Department of Labor reported that initial jobless claims fell by 17,000 to 233,000 for the week ended August 3, the biggest drop in nearly a year, with fewer claims in Michigan, Missouri and Texas. The market is optimistic about the labor market volatility.