the fed

  • Moushumi Paul (R) of the USDA interviews job applicant Sherry Rose (L) at a U.S. Chamber of Commerce Foundation "Hiring Our Heroes" military job fair in Washington January 8, 2016. U.S. job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary. Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday.     REUTERS/Gary Cameron - RTX21K4W
    June 3, 2016  

    According to a new report from the Labor Department, U.S. hiring fell to a five year low in May, with just 38,000 new jobs. Even if those numbers are off, the last quarter shows a similarly disturbing trend: 115,000 jobs added per month, an abnormal drop during this long period of recovery. Hari Sreenivasan talks to David Wessel of the Brookings Institution about why the economy is slowing down. Continue reading

  • June 24, 2009   BY  

    The Federal Reserve said Wednesday that the recession is easing, but that the U.S. economy likely will remain fragile and limit the threat of inflation. Continue reading