Unemployment benefit filings can be distorted during holiday-shortened weeks — policy makers remained concerned about the U.S. labour market
Americans’ assessments of their current economic situation tumbled: survey
The economy grew 3.8% in the April–June quarter
At the same time, continuing claims are at their lowest level since April
Labour markets remain "frozen," economist says, while inflation is still above the Fed's target
The report potentially complicates the Fed’s upcoming rate decision
Americans are most worried about prices, inflation and longer-term job prospects
U.S. benchmark crude jumped 6% to US$62 per barrel midday
Consumers cite prices as top concern, tariffs remain high
Decline comes even as data point to slowing labour market