Thursday, October 10, 2024

Sept Inflation at 2.4% Jobless claims highest since 2023

The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene and the Boeing strike, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.4%. Both readings were 0.1 percentage point above the Dow Jones consensus. The annual inflation rate was 0.1 percentage point lower than August and is the lowest since February 2021. Excluding food and energy, core prices increased 0.3% on the month, putting the annual rate at 3.3%. Both core readings also were 0.1 percentage point above forecast.

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A separate report Thursday showed weekly jobless claims hitting a 14-month high, indicating potential softness in the labor market despite the big jump in nonfarm payrolls in September. However, most the surge could be tied to the hurricane and strike.

Comments

So things are still going pretty well?

Fantastic.

#1 | Posted by Sycophant at 2024-10-10 11:40 AM

Jobless claims may be higher due to the effects of Helene.


Inflation at 2.4% - not bad, though still a little above the 2% target.

#2 | Posted by LampLighter at 2024-10-10 01:37 PM

Best economy in the world.

#3 | Posted by Nixon at 2024-10-11 01:46 PM

Did Gracie have a point with this post?

This economy is actually pretty good, at least for those who choose to participate.

#4 | Posted by Whatsleft at 2024-10-11 01:50 PM

-Best economy in the world.

LOL

I'm not complaining but you're pretty happy when usually you're whining about the economy.

#5 | Posted by eberly at 2024-10-11 02:14 PM

'Job-killer-in-chief': Union boss slams orange pedo ahead of Michigan visit

www.rawstory.com

#6 | Posted by reinheitsgebot at 2024-10-11 02:31 PM

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