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.
Economy May 27 U.S. jobless claims fall to 406,000, a new pandemic low The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens.
Economy May 20 U.S. jobless claims decline to 444,000, a new pandemic low The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
Economy May 13 U.S. unemployment claims drop to 473,000, a new pandemic low The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
Economy May 06 U.S. unemployment claims fall to a pandemic low of 498,000 The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spending.
Economy Apr 22 U.S. jobless claims fall to 547,000, another pandemic low The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.