Economy Sep 03 U.S. hiring slows to just 235,000 jobs after two strong months America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Economy Sep 02 Millions to lose jobless aid as federal pandemic relief ends on Monday Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.
Economy Aug 27 Fed on track to slow aid for economy later this year, says Powell The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday.
Economy Aug 12 U.S. jobless claims near pandemic low as economy strengthens The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge…
Economy Aug 11 U.S. consumer prices rose in July but at slower pace Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households.
Economy Jul 30 Worker pay rises strongly as businesses fight to fill jobs Wages and salaries rose at a healthy pace in the three months ended in June as employers competed to find enough workers to fill millions of available jobs.
Economy Jul 22 U.S. jobless claims rise to 419,000 from a pandemic low The weekly number of first-time applications for benefits, which generally tracks layoffs, has fallen steadily since topping 900,000 in early January. Economists say the increase is most likely a blip caused by some one-time factors.
Economy Jul 14 WATCH: Fed Chair Powell says inflation, though elevated, will likely moderate Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."…
Economy Jul 13 U.S. consumer prices surge in June by the most since 2008 American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply.
Economy Jul 02 WATCH: Biden speaks on latest gains in jobs report The report suggested that American workers are enjoying an upper hand in the job market as companies, desperate to staff up in a surging economy, dangle higher wages.