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.
Economy Jun 22 WATCH: Federal Reserve Chair Powell says high inflation temporary, will ‘wane’ Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary.
Economy Jun 04 U.S. adds modest 559,000 jobs, a sign of more hiring struggles U.S. employers added 559,000 jobs in May, an improvement from April's sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.