Employment and consumption in the U.S. maintain moderate growth in the third quarter

▶️ In the third quarter, data on benefits, wages, and labor costs in the United States showed a growth of 0.8%, a slight slowdown compared to previous quarters.

▶️ Initial claims for unemployment benefits fell to 216,000, below expectations of 230,000, and the four-week average fell to 236,500, reflecting signs of resilience in the labor market.

▶️ Real personal consumption increased by 0.4% in September, also boosting adjusted consumption, which rose by 0.5%, exceeding expectations of 0.4%.

▶️ The personal consumption expenditures (PCE) price index, the inflation metric preferred by the Fed, recorded an annual increase of 2.1%, in line with projections, while the core PCE index rose by 2.7% year-on-year, slightly above previous forecasts of 2.6%.

▶️ These data indicate sustained economic activity with moderate income growth and inflation control.