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.
Nation Oct 02 Vital economic data, including Friday’s jobs report, cut off in government shutdown The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy.
Economy Sep 30 U.S. job openings in August were essentially unchanged amid economic uncertainty Job openings remain at healthy levels but have fallen steadily since peaking at a record 12.1 million in March 2022 as the U.S. economy roared back from COVID-19 lockdowns.
Nation Sep 29 Trump takes tariff war to the movies by announcing 100% tax on foreign-made films Claiming that movie production “has been stolen’’ from Hollywood and the U.S., Trump posted said he would be imposed the 100% tariff on “any and all movies” made outside of the U.S.
Economy Sep 26 Fed’s favored inflation gauge accelerated slightly in August, report shows The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February.
Economy Sep 09 U.S. job market much weaker in 2024 and this year than previously thought, new data shows Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday.
Economy Sep 05 U.S. hiring stalls with just 22,000 jobs added in August The unemployment rate ticked up to 4.3%, also worse than expected and the highest level since 2021.
Politics Sep 04 DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank.