Conor Maloney
Conor Maloney is a journalist with hundreds of articles covering financial markets and topics published on sites like Yahoo Finance and GoldPrice.org.
He is passionate about blockchain, cybersecurity, and financial independence, and he believes in gold as a viable alternative to fiat currency.
Follow Conor at @iWriteCrypto on Twitter.
![Jobless Claims Come in Above Expectations, Gold Price Ticks Downward Jobless Claims Come in Above Expectations, Gold Price Ticks Downward](/sites/default/files/styles/news_authors/public/blog_hero_images/jobless%20claims%20sky_44.jpg?itok=0Tly2XGR)
Jobless Claims Come in Above Expectations, Gold Price Ticks Downward
The number of Americans applying for unemployment insurance rose to 1.427 million in the week ended June 27, higher than the expected figure of 1 million. Claims have remained above 1 million for 15 weeks in a row. Last week’s figures mark the first time claims have risen beyond expectations since the peak in March.
![Unemployment Down to 11.1% With 4.8 Million New Jobs in June, Gold Prices Slip Unemployment Down to 11.1% With 4.8 Million New Jobs in June, Gold Prices Slip](/sites/default/files/styles/news_authors/public/blog_hero_images/employment_9.jpg?itok=E2X_C41y)
Unemployment Down to 11.1% With 4.8 Million New Jobs in June, Gold Prices Slip
The US economy added 4.8 million new jobs in June, bringing the rate of unemployment down to 11.1%. Nonfarm payrolls were expected to rise by just 2.9 million rather than the 4.8 million total, a big upside miss. The rate of unemployment also came in better than expected.
![ISM Manufacturing PMI Beats Expectations, Gold Prices Slip ISM Manufacturing PMI Beats Expectations, Gold Prices Slip](/sites/default/files/styles/news_authors/public/blog_hero_images/ism-pmi_4.jpg?itok=MNypWIYn)
ISM Manufacturing PMI Beats Expectations, Gold Prices Slip
The ISM manufacturing purchasing managers’ index (PMI), which measures economic activity in the national manufacturing sector, rose from 43.1 to 52.6 vs. 49.5 expected in June. A reading over 50 indicates positive growth, and June marks the first expansion in the industry since the COVID-19 pandemic struck in April 2020, ending a 131-month string of consecutive growth.
![The Private Sector Added 2.3 Million Jobs in June, May Figures Revised up by 5.7 Million The Private Sector Added 2.3 Million Jobs in June, May Figures Revised up by 5.7 Million](/sites/default/files/styles/news_authors/public/blog_hero_images/Jobless_11.jpg?itok=nDNy4v-W)
The Private Sector Added 2.3 Million Jobs in June, May Figures Revised up by 5.7 Million
The latest ADP employment report shows that the private sector gained 2,369,000 jobs in June. May figures saw a huge upward revision to 3.06 million jobs added compared 2,760,000 jobs lost as originally reported the month before. Small businesses saw most of the growth in June, with most of the gains in the services sector accounted for most of the growth in June.
![Home Prices Remained Stable in April, Gold Prices Slip Home Prices Remained Stable in April, Gold Prices Slip](/sites/default/files/styles/news_authors/public/blog_hero_images/case-shiller_6.jpg?itok=oCo46P-C)
Home Prices Remained Stable in April, Gold Prices Slip
The S&P CoreLogic Case-Shiller index rose 4.7% annually in April, up 0.1% from the month before. The 10-city composite index saw no change at 3.4% annual growth, while the 20-city composite rose 0.1% annually to 4.0%.
![Tame Consumer Spending Rebound Is Likely Temporary as Incomes Drop, Inflation Remains Flat Tame Consumer Spending Rebound Is Likely Temporary as Incomes Drop, Inflation Remains Flat](/sites/default/files/styles/news_authors/public/blog_hero_images/PCE_2.jpg?itok=x_kLGYzV)
Tame Consumer Spending Rebound Is Likely Temporary as Incomes Drop, Inflation Remains Flat
US consumer spending saw a major increase in May as portions of the economy began to reopen. Consumer spending, which accounts for two-thirds of all US economic activity, jumped 8.2% in May after falling a record 12.6% the month before. This was below expectations of 9.0% growth in consumer spending.
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