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Paul Wiseman, Associated Press

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Paul’s Recent Stories

Economy May 03

U.S. economy adds 175,000 jobs in April but sees a rise in unemployment

The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.

Economy Apr 25

U.S. economic growth slows to 1.6 percent, sign that interest rates may be taking toll

The gross domestic product — the economy's total output of goods and services — decelerated from its brisk 3.4% growth rate in the final three months of 2023. Consumers continued to drive growth last quarter but slowed their spending.

Economy Apr 16

IMF says outlook for world economy is brighter but still modest by historical standards

The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a "soft landing" — reining in inflation without much economic pain and producing steady if modest growth.

Economy Apr 12

How migrant workers have contributed to strong U.S. job growth

It turns out that the influx of foreign-born adults vastly raised the supply of available workers at a time when a labor shortage had left many companies unable to fill jobs. Over the past year, in fact, immigrants have accounted…

Nation Apr 05

U.S. employers added 303,000 jobs in March in surprising show of economic strength

America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.

Politics Mar 29

Powell says the Federal Reserve wants to see ‘more good inflation readings’ before it can cut rates

Forecasters had expected higher rates to send the United States tumbling into recession. Instead, the economy just kept growing — expanding at an annual rate of 2 percent or more for six straight quarters.

Politics Mar 08

WATCH: Biden speaks at campaign event in Philadelphia as reported 275,000 jobs added to economy

President Joe Biden delivered a speech in Philadelphia as a new jobs report shows the economy added a surprising 275,000 jobs indicating a resilience in the face of high interest rates.

Nation Mar 08

In sign of continued economic strength, US employers add a surprisingly strong 275,000 jobs

Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point in February to a still-low 3.9%.

Economy Feb 07

Mexico overtakes China as the leading source of goods imported to U.S.

The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier and closer to home.

Economy Feb 02

January hiring gains surprisingly robust

The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades.

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