Olivia Rockeman

Government, Business

US Job Openings Rose Unexpectedly to Record 11.5 Million

Worker Image Source/Getty Images

U.S. job openings and the number of Americans who quit their jobs in March rose to record highs, indicating that employers continue to struggle to retain and hire workers.

Olivia Rockeman | Bloomberg News
May 3, 2022
Government, Business

Economy Posts Surprise Contraction, Belying Solid Consumer Picture

Chart showing economy shrinking

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

Olivia Rockeman | Bloomberg News
April 28, 2022
Government, Business

Producer Prices Jump 11.2% From a Year Ago, the Most on Record

Producer Price Index Aluminum milling machinery at the Arconic manufacturing facility in Alcoa, Tenn. (Luke Sharrett/Bloomberg)

Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early-stage inflationary pressures that risk feeding through to consumers.

Olivia Rockeman | Bloomberg News
April 13, 2022
Government, Business

Fed Lifts Rates a Quarter Point in Opening Bid to Curb Inflation

Federal Reserve Chairman Jerome Powell Policymakers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018. (c-span.org)

The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.

Olivia Rockeman | Bloomberg News
March 16, 2022
Government, Business, Technology

Retail Sales Soften as High Gasoline Costs Begin to Bite

Retail Michael Nagle/Bloomberg News

Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.

Olivia Rockeman | Bloomberg News
March 16, 2022
Government, Business

Initial Jobless Claims Rise to Highest Since Mid-November

Initial Jobless Claims Rise to Highest Since Mid-November An employee inspects a tire at a bicycle production facility in Manning, S.C. (Micah Green/Bloomberg)

Applications for U.S. state unemployment insurance rose unexpectedly for a second consecutive week to the highest in two months, suggesting that the recent surge in COVID-19 cases could be leading to dismissals.

Olivia Rockeman | Bloomberg News
January 13, 2022
Government, Business

Growth at Service Providers Sees Sharp Pullback From Record

Growth at Service Providers Sees Sharp Pullback From Record

A measure of U.S. service providers pulled back abruptly in December after soaring to a record a month earlier, reflecting more moderate growth in business activity and orders.

Olivia Rockeman | Bloomberg News
January 6, 2022
Government, Business

Companies Add Most Jobs in Seven Months

Companies Add Most Jobs in Seven Months A recruiter speaks with job seekers during a Miami-Dade County job fair in Miami, Florida. (Eva Marie Uzcategui/Bloomberg)

U.S. companies in December added the most jobs in seven months, indicating that more Americans are returning to the labor force and helping employers to fill a near-record number of open positions.

Olivia Rockeman | Bloomberg News
January 5, 2022
Government, Business, Equipment

Durable Goods Orders Increase More Than Forecast

lawnmower factory worker A worker welds a lawnmower frame together on the assembly line at a facility in Coatesville, Ind. (Luke Sharrett/Bloomberg)

Orders placed with U.S. factories for durable goods rose in November by the most in six months, exceeding forecasts and pointing to steady demand that will help drive production growth in early 2022.

Olivia Rockeman | Bloomberg News
December 23, 2021
Government, Business

Fed Says Price Rises Robust Amid Strong Demand, Supply Snags

Fed Says Price Rises Robust Amid Strong Demand, Supply Snags United Parcel Service employees pulls and loads medical packages at the UPS Supply Chain campus in Louisville, Ky. (John Sommers II for Transport Topics)

The U.S. economy grew at a modest to moderate pace through mid-November while price hikes were widespread amid supply chain disruptions and labor shortages, the Federal Reserve said.

Olivia Rockeman | Bloomberg News
December 1, 2021

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