Weekly jobless claims drop 3,000 to 183,000 Continuing claims decreased 11,000 to 1.655 million Productivity accelerated at a 3.0% rate in the fourth quarter Unit labor costs grow at a rate of 1.1% WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits fell to a nine-month low last week, as the … Read more
Consumer spending fell 0.2% in December personal income increases by 0.2%; The savings rate rose to 3.4%. Core PCE price index rose 0.3%; 4.4% increase year on year WASHINGTON (Reuters) – U.S. consumer spending fell for the second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation … Read more
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more
BEIJING/HONG KONG (Reuters) – China’s population declined last year for the first time in six decades, a historic shift that is expected to mark the start of a long period of declining population numbers with profound repercussions for its economy. and the world. The decline, the worst since 1961, the last year of the great … Read more
