Economy

U.S. employers added only 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls

By Paul Wiseman, Associated Press

America's employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls.

U.S. economy grew at a solid 2.8 percent pace last quarter with consumers driving growth

By Paul Wiseman, Associated Press

The gross domestic product — the economy’s total output of goods and services — did slow slightly from its 3% growth rate in the April-June quarter.

Examining how economic plans from Trump and Harris could affect inflation

By Geoff Bennett, Azhar Merchant

The economy and concerns around costs remain the top issue for many voters. Both candidates want to extend tax cuts, but they also have some big differences. Donald Trump wants to impose broad tariffs and deport undocumented workers, Kamala Harris…

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IMF leader warns conflict and rivalries put world at risk of falling into slow-growth rut

By Paul Wiseman, Associated Press

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned.

Isolationism 'made America and the world worse off' Yellen tells global finance leaders

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen says the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies.

IMF declares global fight against high inflation is 'almost won'

By Paul Wiseman, Associated Press

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared.

Automakers reassess sales and production as smaller and lower-priced cars gain popularity

By Tom Krisher, Associated Press

An “affordability shift” is taking root in the U.S. auto industry.

Most voters think the economy is poor and are split on whether Trump or Harris can fix it, polls finds

By Steve Peoples, Linley Sanders, Associated Press

Voters remain largely divided over whether they prefer Republican Donald Trump or Democrat Kamala Harris to handle key economic issues, although Harris earns slightly better marks on elements such as taxes for the middle class.

Should the minimum wage be lower for workers who get tipped? Two states will decide

By Kavish Harjai, Associated Press/Report for America

Voters in Arizona and Massachusetts are set to decide whether employers should be able to continue to pay tipped workers such as servers and bartenders a lower minimum wage than non-tipped workers.

Driving retail spending, wealthier Americans are powering U.S. economy

By Christopher Rugaber, Associated Press

One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending.