The FOX Posts

The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S. labor market The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S. labor market. U.S. applications for jobless claims were 232,000 for the week ending May 27, an increase of just 2,000 from the previous week. The weekly claims numbers are considered representative of the number of U.S. layoffs. The four-week moving average of claims, which flattens out some of the week-to-week volatility, fell by 2,500 to 229,500. Since the pandemic purge of more than 20 million jobs three years ago, the U.S. economy has added jobs at a furious rate and Americans have enjoyed unusual job security. That’s despite interest rates that have been rising for more than a year and fears of a looming recession. In early May, the Fed raised its benchmark lending rate for the ...

Official figures show that Germany’s inflation rate slipped back slightly to 10% in November BERLIN -- German inflation slipped back slightly to 10% in November, official figures showed Tuesday, but galloping prices remain a major headache for Europe's biggest economy. The annual inflation rate was off its peak of 10.4%, reached in October, as the increase in energy prices over a year ago slowed to 38.4% from 43% a month earlier, the Federal Statistical Office said. But there was no let-up in the increase of food prices, which ticked up to 21% from 20.3%. The German economy grew 0.4% in the July-September period compared with the previous quarter thanks to consumer spending. But it is still expected to shrink in the current fourth quarter and the first three months of next year. A separate report from the statistical office on Tuesday showed that real wages in Germany declined by 5.7% in the third quarter compared with a year earlier. It said the value of a 2.3% increase in nomi...