Economy Dec 18 U.S. says inflation slowed last month but data may be distorted and Americans aren't feeling it Year-over-year inflation remains well above the Federal Reserve’s 2% target, and Americans are complaining loudly about the high cost of living.
Politics Dec 16 WATCH: Vance delivers remarks in Allentown, Pa., touting Trump's economic agenda The unemployment rate rose to 4.6%, highest since 2021. Both the October and November job creation numbers, released Tuesday by the Labor Department, came in late because of the 43-day federal government shutdown.
Economy Dec 16 The U.S. gained 64,000 jobs in November but lost 105,000 in October as the unemployment rate rose to 4.6% Hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump's tariffs and the lingering effects of the high interest rates the Federal Reserve engineered in 2022 and 2023 to rein in an outburst of inflation.
Economy Dec 09 U.S. job openings stayed level at just below 7.7 million in October The Job Openings and Labor Turnover Survey (JOLTS) also showed that the layoffs rose and number of people quitting their jobs — a sign of confidence in the labor market — fell in October.
Economy Dec 03 Costco becomes biggest company demanding refunds on Trump tariffs Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes.
Economy Dec 02 Global economy projected to grow 3.2% this year, more than expected despite U.S. trade war The OECD also raised its forecast for U.S. growth this year – to 2%, up from the 1.6% it had forecast in June.
Economy Nov 20 Delayed jobs report shows U.S. employers added a surprisingly solid number of jobs in September U.S. employers added 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown.
Economy Nov 19 U.S. trade deficit dropped nearly 24% in August as Trump's tariffs reduce imports In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the gap between what the United States buys from other countries and what it sells them fell to $59.6 billion in…
Economy Nov 19 Labor Department won't release full October jobs report due to 43-day shutdown The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn't calculate the unemployment rate and some other key numbers.
Economy Oct 02 Shutdowns usually don't do much economic damage, but there are reasons to worry this time Trump's massive layoff threat and the precarious state of the American economy raise the odds of longer-lasting damage.