Labor Department Reports Rise in Jobless Benefits and the Consumer Price Index

The Labor Department reported Thursday that the unemployment claims increased 9000 to a seasonally adjusted 408000. The gain comes in after last week’s claims slipped below the 400000 level. The Department also reported that the consumer price index increased 0.5% in July, which is the biggest gain since March. The index tracks the rate of inflation at the retail level. Economists had expected a 0.4% increase. Core prices, excluding the volatile food and energy cost inputs, rose 0.2% in the month.
Video Rating: 5 / 5

Wall Street All-Stars video: the most extensive financial news video library on the Net. Search our library for classic economists, news clips. Or watch the latest news from a variety of independent sources including the Associated Press, New York Times, Financial Times, The Economist and many more including original videos from the Wall Street All-Stars.

Related posts:

1. Initial Jobless Claims - the Weekly Come Out Roll For Traders
2. Betting on the price of Oil
3. British Gas price hike 'devastating for consumers'
4. US Auto Sales Rise in 2010, Struggles Remain
5. What Price a Planned Economy? | by Friedrich A. Hayek