Report Finds Farmers Growing More Concerned About Economy

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U.S. farmers’ confidence in the economy cratered in April, according to the latest monthly report from Purdue University.

The Purdue University-CME Group Ag Economy Barometer for last month, which was released Tuesday, fell 15 points from March. At 99, the current score is the lowest the barometer has dropped since it reached 97 in June 2022.

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Poll: 60 Percent of Independents Disapprove of Biden’s Job as President

A majority of Americans disapprove of the job President Joe Biden is doing, according to a new poll.

The Center Square Voter’s Voice poll released Wednesday asked voters, “When it comes to President Joe Biden, do you approve or disapprove of how he’s handling his job?”

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Inflation Spiked in February More than Expected

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Producer prices spiked last month, another sign of rising inflation in the U.S., according to new federal data.

The U.S. Bureau of Labor Statistics on Thursday released its monthly Producer Price Index, a leading marker of inflation, which showed an increase of 0.6% in February, more than expected.

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‘Unusually High’ Inflation: Consumer Costs Rose Again in February

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Consumer prices jumped again in February, in part driven by a significant rise in gasoline prices, according to newly released federal inflation data.

The U.S. Bureau of Labor Statistics released its Consumer Price Index Tuesday, a leading marker of inflation, which showed prices rose 0.4 percent in February and 3.2 percent over the past year.

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Inflation Rose More than Expected in Latest Data

Grocery Shopping

Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation.

The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a range of every day goods and services for Americans rose more than expected.

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Producer Prices Spike in August

Newly released federal inflation data shows that producer prices spiked in August, undoing a steady downward inflationary trend.

The U.S. Bureau of Labor Statistics released its Producer Price Index Thursday, a key marker of inflation, which showed producer prices rose 0.7% in August alone. Much of that increase came because of an rise in the cost of gasoline.

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Food Prices Expected to Continue Rising Through 2024

Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024.

The USDA pointed to the U.S. Bureau of Labor Statistics Consumer Price Index released earlier this month, which showed consumer prices overall rose 3.2 percent in the previous twelve months. Food prices, though rose more quickly at 4.9 percent during the same time.

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Inflation Rises Slightly in May

The latest federal data released Tuesday showed that inflation rose slightly last month.

The U.S. Bureau of Labor Statistics released its Consumer Price Index for May, a federal marker of inflation that rose 0.1% last month, part of a 4% increase in the previous 12 months. Most economists say 2% to 3% inflation is healthy for the economy.

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Inflation Rises Again in March, but at Slower Pace

Inflation rose again in March, but at a slower pace than previous months, the U.S. Bureau of Labor Statistics latest consumer pricing data shows.

The Consumer Price Index rose 0.1% in March, contributing to a 5% rise over the last 12 months, about double what economists say is a healthy inflation rate. Price changes varied by the respective good and service.

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Inflation Continues to Outpace Wages, Data Shows

Inflation has outpaced wages for nearly two years, recently released federal data shows.

A closer look at federal wage and pricing data shows workers are making less overall as the price for all kinds of goods and services rise faster than average hourly wages.

The U.S. Bureau of Labor Statistics tracks “real” average hourly earnings, which are wages of Americans with rising inflation taken into account.

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Inflation Rebounds in January

The U.S. Bureau of Labor Statistics released fresh inflation figure Tuesday which show inflation picked back up in January.

The BLS Consumer Price Index rose 0.5% last month, part of a 6.4% increase over the last year. Overall, January’s rate is not as high as the peak inflation spikes seen in recent years, but it is still well above the increases considered advantageous by most economists.

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Nearly Two Open Jobs for Every Unemployed Worker, Data Shows

The U.S. Bureau of Labor Statistics released new employment data which showed there are nearly two open jobs for every unemployed worker in the U.S.

The federal data showed the number of job openings rose to 10.7 million in September, up about 437,000 from the previous month after a significant decrease in August.

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Federal Data: Retail Sales Remain Flat, Job Openings Decline

Retail sales did not meet expectations and the number of job openings declined in states around the country, newly released federal data show. 

The U.S. Census Bureau released data Wednesday showing retail sales remained unchanged for the month of July, despite expectations of a 0.1% increase. A drop in gas prices and auto sales helped fuel the decrease.

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Report: Labor Productivity Dropped Most Since 1948

The U.S. Bureau of Labor Statistics released new economic data Tuesday showing the sharpest quarterly decline in labor productivity since 1948.

BLS reported a 4.6% decrease in labor productivity in the second quarter of this year as the economy shrank and labor costs rose. This data follows a decrease in productivity the first quarter of 2022 as well.

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Small Businesses Risk Shutting Down in Droves Amid Elevated Inflation, Energy Prices

Nearly half of American small business owners say they are at risk of closing down this fall, according to new survey data.

The small business network Alignable released the survey, which found that “47% of small business owners … say their businesses are at risk of closing by fall 2022, unless economic conditions improve significantly.”

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Producer Price Index Rises 11.3 Percent, Another Worrying Inflation Marker

Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything.

The U.S. Bureau of Labor Statistics released its Producer Price Index data Thursday, which showed a 1.1% increase last month, contributing to a 11.3% increase in the past 12 months, “the largest increase since a record 11.6% jump in March 2022.”

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Jobless Claims Fall to Lowest Level in over 50 Years

The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.

The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.

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Wholesale Price Inflation Reaches Double Digits

The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 0.8% on a month-over-month basis as of February as consumer demand continues to spur inflation, the U.S. Bureau of Labor Statistics (BLS) announced Tuesday.

The PPI grew 10% on a year-over-year basis as of February, the BLS reported Tuesday. Economists surveyed by Dow Jones estimated wholesale prices would increase 0.9% on a monthly basis in the latest report.

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