Number of Americans receiving unemployment benefits climbed to highest level since November 2021.
Applications for jobless benefits rose by 14,000 last week
Citigroup, Wells Fargo and Goldman Sachs also issued strong results
Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million
Government reports that an inflation gauge closely watched by the Fed fell to its lowest level in three-and-a-half years
U.S. Conference Board says its consumer confidence index jumped over the past month
While still positive, consumers’ assessments of the current labour situation continued to weaken: economist
It's the first snapshot of the U.S. labour market since last week’s disappointing jobs data for July
There have been job cuts across a range of sectors in the U.S. this year
Elevated prices for food, groceries are main driver of consumers’ view of U.S. economy