Case to my previous post point: Jobless claims up; cooler CPI

Jobless claims up; cooler CPI gives Fed more room

WASHINGTON (Reuters) – New claims for state jobless benefits rose for the fifth time in six weeks and consumer prices fell in May, opening the door wider for the U.S. Federal Reserve to help an economy that shows signs of weakening.

Though the increase was small, it undermined hopes that a recent slowdown in hiring would prove temporary.

“There is very little sign of life,” said Hugh Johnson, chief investment officer of Hugh Johnson Advisors in Albany, New York. “The economy as measured by employment conditions has slowed and there doesn’t appear to be any change when you look at the claims numbers.”

You can read the full text here:

Jobless claims up; cooler CPI gives Fed more room

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: