 And excluding food and energy, the annual increase was 3.3%. All the readings are cooler than economists were predicting. And the job market appears to be holding up. New claims for unemployment benefits declined by 17,000 last week to 222,000, the lowest level since May. PepsiCo is seeing customers pulling back, the stocks losing ground. Delta Airlines quarter matched Wall Street estimates, but it's offering a cautious outlook and Delta shares are lower.