Economy Dec 03 U.S. employers added a sluggish 210,000 jobs in November Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.
Economy Nov 30 WATCH: Treasury Secretary Janet Yellen, Fed Chair Jerome Powell testify before Senate committee Chair Jerome Powell says the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year.
Economy Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the…
Economy Nov 12 For 2nd straight month, Americans quit jobs at a record pace Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers continued to post a near-record number of available jobs.
Economy Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Economy Nov 05 WATCH: Biden touts October growth of 531,000 jobs The economy’s emergence from the pandemic, by most measures, remains on course.
Economy Oct 29 Wages jump by the most on records dating back 20 years Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.
Economy Oct 22 States that cut off of jobless aid see no surge of job seekers In states that cut off the $300 check, the workforce — the number of people who either have a job or are looking for one — has risen no more than it has in the states that maintained the payment.
Politics Oct 21 Federal Reserve imposes sweeping new limits on policymakers’ investments The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign.
Economy Oct 13 Social Security COLA largest in decades as inflation jumps Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.