Economy
Unemployment rate unexpectedly rises to 3.7%, Labor Department says
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Unemployment rate unexpectedly rises to 3.7%, Labor Department says
Economists expected private employers to add 288,000 jobs in August
Economists expected the consumer price index to climb 8.8% in June
New orders and employment both contracted last month
The data comes as consumer confidence sits at the lowest since February '21
By Megan Henney FOXBusiness American households are confronting the steepest inflation in four decades, with rising consumer prices straining workers’ budgets and making it...
Biden says fighting inflation is his 'top economic priority' as prices reach historic highs
Economists expected inflation to remain elevated in May
Economists surveyed by Refinitiv were expecting a seasonally adjusted annual contraction of 1.3%
Fed hasn't raised rates by 50 basis points since 2000
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