Economy Feb 23 Fed Chair Powell says recovery incomplete, higher inflation unlikely Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Economy Feb 19 Federal Reserve sees modest pickup in hiring this month The Federal Reserve says there’s evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic.
Economy Feb 18 U.S. jobless claims jump to 861,000 as layoffs stay high The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.
Economy Feb 12 Amid systemic inequality, U.S. salaries recover even as jobs haven't The turnaround in total wages underscores how disproportionately America's job losses have afflicted workers in lower-income occupations.
Economy Feb 11 U.S. jobless claims fall slightly to 793,000 with layoffs high The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections.
Economy Feb 10 Powell stresses commitment to full employment and low rates Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York.
Economy Feb 05 A meager gain in U.S. jobs last month highlights virus' damage The increase of just 49,000 positions in January made scarcely any dent in the nearly 10 million jobs that remain lost since the virus intensified nearly a year ago.
Economy Feb 05 U.S. employers add just 49,000 jobs as unemployment falls to 6.3 percent U.S employers added just 49,000 jobs in January, a sign that that the viral pandemic retains a tight grip on the economy nearly a year after it triggered a painful recession.
Economy Feb 04 U.S. unemployment claims fall to 779,000 but job cuts grind on The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.
Economy Feb 03 Why U.S. hiring could rebound faster than expected A hopeful view is gaining steam that as vaccinations reach a critical mass in the United States, perhaps around midyear, the economy and the job market will strengthen much faster.