Total U.S. consumer credit rose $20.7 billion in April after increasing $22.2 billion in March. Nonrevolving credit (auto and student loans) rose $9.1 billion and revolving credit (credit cards) edged up $11.6 billion https://t.co/wrXYU7gIf2
St. Louis Fed economist Charles Gascon discusses the findings of the newest Beige Book on economic conditions nationally and in St. Louis with @kmoxnews https://t.co/FSkYlI7tDN
U.S. employers added 172,000 more workers to nonfarm payrolls in May, taking the total to 159 million. The rise followed an upwardly revised 179,000 increase in April https://t.co/7iDodIn5LW
Our Flash Report examines how May’s labor market data—the number of people losing jobs, finding jobs, entering the labor force, or leaving the workforce altogether—combined to keep the overall U.S. unemployment rate stable.
• The unemployment rate in May was 4.3%, unchanged from March and April. More precise data show the rate fell slightly, just 0.04 percentage points.
• The number of people losing jobs, finding jobs from unemployment, entering the labor force, or leaving the workforce altogether changed little in May.
• Unemployment has been broadly stable over the past year, and the labor market continues to show resiliency.
Check out the full analysis of the latest #jobsreport, just out today, for a deeper look at what these moves tell us about labor market conditions https://t.co/0l3HMJDmSA
On June 5, our Economic News Index was projecting Q2 2026 real GDP growth of 1.6% at an annual rate, up from 1.0% the previous week. The “nowcast” draws from key monthly data releases to forecast GDP growth. Learn more: https://t.co/C7pcLmgc2L
St. Louis Fed President Alberto Musalem touched base with people and businesses today in Kentucky and Indiana and learned that inflation was top of mind and they saw the labor market as balanced and stable. He visited River Ridge Commerce Center, met business leaders, and toured @GoodwillKY’s West Louisville Opportunity Center.
Average hourly earnings for all employees on private nonfarm payrolls rose 12 cents to $37.53 in May, a 0.3% increase, per @BLS_gov. From a year earlier, average hourly earnings were up 3.4%, or $1.25 https://t.co/IXuovZwM7o
The U.S. labor force participation rate was unchanged in May, at 61.8%. For participation rates by educational attainment, race, sex and other categories, see FRED: https://t.co/3QEGX2pHRo
The nation’s unemployment rate was unchanged in May, at 4.3%. See FRED for related @BLS_gov data. Stay tuned for our insights on unemployment trends https://t.co/zgZYXSW5Kp
What does the May #JobsReport reveal about the state of the U.S. labor market? Read our Flash Report, which analyzes unemployment flows https://t.co/kocqNHWblD
St. Louis Fed research director Carlos Garriga details to @CNBC a new study on how more mortgage applicants are denied as higher interest rates cause debt-to-income ratios to rise https://t.co/cvz0apQPu6
To avoid refinancing at a higher mortgage rate, borrowers looking to tap home equity have turned to HELOCs in recent years. St. Louis Fed economist Juan M. Sánchez (@vediense) examines a broad surge in HELOC use among U.S. homeowners https://t.co/j8wFV0Tp6h
U.S. commercial paper outstanding—reflecting short-term promissory notes issued mostly by corporations—rose in the week ending June 4, by $10.7 billion to $1.40 trillion https://t.co/VyGDdhYUiW
We listen to how people in our region are experiencing the #economy. Among other outreach, St. Louis Fed economists conduct a quarterly survey of area businesses and community leaders.
📊 Interactive dashboard with the latest data: https://t.co/Bnnm1RMXhq
Folks have their preferences when it comes to measuring inflation. The Fed has preferred #PCE over #CPI and core PCE over PCE with food and energy. Check the FRED Blog for some data snapshots https://t.co/hitAqcZ7yD
In the week ending May 30, seasonally adjusted initial claims for unemployment insurance benefits—those filed for the first time after a job loss—rose by 13,000, to 225,000. The four-week moving average ticked up by 6,500, to 214,750 https://t.co/aG7Bd5daIn
Jeremy Hill of @KansasCityFed joins the St. Louis Fed’s @MatuschkaLindo and Charles Gascon to discuss economic conditions across the Eighth District and the rest of the nation in the latest Beige Book episode of the Timely Topics podcast https://t.co/8h9T5OPeLK