US jobless applications continue steady decline

The number of US citizens applying for unemployment benefits fell for the third week in a row last week, the Washington Times reports. On Thursday the Labour Department said unemployment claims had fallen to 375,000 from 387,000 the previous week.

US Inflation Increases Again, Continues at Record High

U.S. consumer prices increases slowed in July even as they remained at a 13-year high on a yearly basis and there were tentative signs inflation has peaked as supply-chain disruptions caused by the pandemic work their way through the economy. The data could provide some support to Fed officials who have repeatedly said that the current burst in inflation is temporary and likely to fade as the handful of categories that have caused inflation to surge in recent months get back on an even keel.

U.S. GDP rose 6.5% last quarter, well below expectations

The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has escaped the shackles of the Covid-19 pandemic but still has more work to do.

‘Thousands Of Christian Leaders Dead In India, Nepal’

Christian leaders in India and Nepal are dying of COVID-19 at such a rate that “scores of Christian ministries” are in danger of closing as there is no one to lead them, aid workers say. ‘Black fungus’ now poses an additional deadly threat in India, where thousands of pastors and other Christian leaders reportedly died.

US Jobless Claims Drop to 385,000, Another Pandemic Low

The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.

US Consumer Prices Surged in April

U.S. consumer prices jumped .8% in April, the fastest increase in inflation in more than a decade, the Labor Department reported Wednesday, as the world’s largest economy recovers from the ravages of the coronavirus pandemic.

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