More Americans filed for unemployment last week than in any week since 2021, the Department of Labor said in a Thursday (Sept. 11) press release.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.There were 263,000 in ...

Group 1 - U.S. wholesale inventories increased by 0.1% in July, slightly below the initial estimate of 0.2%, indicating businesses are not aggressively rebuilding inventory after second-quarter depletions [1] - Year-over-year, inventories advanced by 1.3% in July, with notable increases in grocery inventories (2.0%), apparel (1.9%), and prescription medication (1.8%), while motor vehicle stocks decreased by 1.6% [2] - In the second quarter, inventories decreased at an annualized rate of $32.9 billion, contributing a negative 3.29 percentage points to GDP, but this was offset by a record 4.95 percentage point contribution from a smaller trade deficit [3] Group 2 - Wholesaler sales rose by 1.4% in July, following a 0.7% increase in June, leading to a decrease in the time required to clear shelves from 1.29 months in June to 1.28 months in July [4]