Wholesale prices are still rising more slowly than consumer costs, a sign that inflation may continue to cool as the weaker wholesale price gains translate into smaller price increases for the consumer.
The average rate on the benchmark 30-year home loan rose to 7.18% from 7.12% last week, according to Mortgage buyer Freddie Mac on Thursday. A year ago, the rate averaged 6.02%.
The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%. read more >
U.S. applications for jobless claims fell by 20,000 to 201,000 for the week ending Sept. 16, the Labor Department reported Thursday. That's the lowest figure since the last week of January. read more >
Existing home sales fell 0.7% last month from July to a seasonally adjusted annual rate of 4.04 million, the National Association of Realtors said Thursday. That's below the 4.10 million pace that economists were expecting, according to FactSet. read more >
The surge in gas prices is coursing through the economy and could slow down shoppers' momentum heading into the critical holiday shopping season. read more >
At the same time, the official poverty rate for Black Americans dropped to its lowest level on record. read more >
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control. read more >
Population growth in central Arkansas has slowed since 2010 to about 0.5% annually, Metroplan, the area's planning agency, noted in a report released in July. read more >
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18% last week. A year ago, the rate averaged 5.89%. read more >
U.S. applications for jobless claims fell by 13,000 to 216,000 for the week ending Sept. 2, the Labor Department reported Thursday. That's the lowest level since February. read more >
Last month's job growth marked an increase from July's revised gain of 157,000 but still pointed to a moderating pace of hiring compared with the sizzling gains of last year and earlier this year. read more >
The number of job vacancies dropped to 8.8 million last month, the Labor Department said Tuesday, the fewest since March 2021. read more >
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan climbed to 7.23% from 7.09% last week. A year ago, the rate averaged 5.55%. read more >
Sales in the sector jumped 11.8% in July and 9.5% in June from a year ago, according to the Commerce Department. read more >
Removing ourselves from our businesses allows us to make more effective decisions, be creative and innovate. read more >
The highest gun death rate was in neighboring Mississippi, at 33.9 deaths per 100,000 people. read more >
From July 1, 2021, to July 1, 2022, 37 of the 75 counties in Arkansas gained population, according to the U.S. Census Bureau. read more >
Crude oil prices are expected to aver $78 per barrel in July and rise to around $80 in the fourth quarter of this year. read more >
The national median home price fell 3.1% from May last year to $396,100, the NAR said. The year-over-year decline is the biggest since December 2011. read more >
Most low-income tenants can no longer count on pandemic resources that had kept them housed, and many are finding it hard to recover because they haven't found steady work or their wages haven't kept pace with inflation. read more >
The number still remains at historic highs. read more >
An area is considered in persistent poverty if it had a poverty rate of 20% or higher during the three decades from 1989 to 2019. read more >
Meanwhile, global liquid fuel consumption is predicted to rise between 1% and 2% over 2023 levels. read more >
In 2020-21, large cities in the United States, those with populations of 250,000 and above, experienced a population loss of 1%, the first year in the 21st century in which large cities saw a decline. read more >
The government had previously estimated that the economy grew at a 1.1% annual rate last quarter. read more >
The female labor force participation rate stood at 57.1% in March, according to the U.S. Bureau of Labor Statistics. read more >
