Economy

Follow PBS NewsHour’s complete coverage of the Economy, Wall Street and other financial stories.

Jun 06

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Unemployment Rate Jumps to 5.5% in May

The nation's unemployment rate hit 5.5 percent in May as employers cut 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Employers have now cut payrolls for five straight months.

Jun 03

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General Motors announced the closure of four truck and SUV plants in the U.S., Canada and Mexico Tuesday and said it may discontinue its Hummer brand as soaring fuel prices push a broad shift in the U.S. to smaller vehicles.