Headlines

With prices falling and incomes rising, consumers get a break in time for Christmas

By: In Friday’s personal consumption expenditures report, which is the Federal Reserve’s preferred inflation gauge, some prices actually fell in November for the first time since the spring of 2020. It also showed that disposable personal income rose last month, and the personal saving rate did too. We all know what a difference it makes in our lives…

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Unemployment filings rise slightly

The number of people filing for unemployment benefits for the first time last week increased modestly by 2,000 from the week before to a seasonally adjusted 205,000 applicants. The number of people filing for unemployment benefits for the first time last week increased modestly by 2,000 from the week before to a seasonally adjusted 205,000…

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Midland’s unemployment rate drops to 2.2%

The pace of growth in Midland’s labor market increased in November with the unemployment rate falling to 2.2%. A worker connects a drill bit on a rig outside Midland.Brittany Sowacke/BloombergMidland’s labor market heated up in November, recording sharp growth in job count, labor force and number of employed.The Texas Workforce Commission said Friday unemployment in…

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