Lucia Mutikani

Record-high U.S. house prices, tight supply weigh on sales

Jun 22 2021

WASHINGTON U.S. home sales fell for a fourth straight month in May as record-high prices amid low inventory frustrated potential buyers, a trend that could persist for a while, with builders unable to deliver more houses because of expensive lumber. | Video

U.S. labor market healing despite unexpected rise in weekly jobless claims

Jun 17 2021

WASHINGTON The number of Americans filing new claims for unemployment benefits increased last week for the first time in 1-1/2 months, but layoffs are easing amid a reopening economy and a shortage of people willing to work. | Video

Exorbitant lumber, scarce materials hampering U.S. homebuilding

Jun 16 2021

WASHINGTON U.S. homebuilding rebounded less than expected in May as very expensive lumber and shortages of other materials continued to constrain builders' ability to take advantage of an acute shortage of houses on the market. | Video

U.S. retail sales take step back as spending pivots to services, trend remains strong

Jun 15 2021

WASHINGTON U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic. | Video

Reopening U.S. economy fuels inflation, labor market recovery

Jun 10 2021

WASHINGTON U.S. consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years as a reopening economy boosted demand for travel-related services, while a global semiconductor shortage drove up prices for used motor vehicles. | Video

U.S. wholesale inventories rise solidly; supply constraints loom

Jun 09 2021

WASHINGTON (Reuters) -U.S. wholesale inventories increased strongly in April as businesses replenished stocks to meet pent-up demand, but supply constraints could make it harder to maintain the current pace of inventory rebuilding.

U.S. job openings, quits hit record highs in April

Jun 08 2021

WASHINGTON U.S. job openings surged by nearly one million to a new record high in April, while more people voluntarily left their employment, strengthening the view that a recent moderation in job growth was due to supply constraints.

U.S. job growth picks up, desperate employers boost wages to attract workers

Jun 04 2021

WASHINGTON U.S. employers increased hiring in May and raised wages as they competed for workers, with millions of unemployed Americans still at home because of childcare issues, generous unemployment checks and lingering fears over COVID-19. | Video

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