Jan 06 December unemployment falls slightly to 3.5 percent, tied for a 50-year low By Christopher Rugaber, Associated Press America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. Continue reading
Dec 29 Applications for unemployment benefits see small rise, indicating strength of economy By Christopher Rugaber, Associated Press The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring. Continue reading
Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 14 WATCH: Federal Reserve Chair Powell announces small rate hike as inflation cools By Christopher S. Rugaber, Associated Press The Federal Reserve reinforced its inflation fight by raising its key interest rate for the seventh time this year and signaling more hikes to come. Continue reading
Dec 13 WATCH: ‘Economic plan is working’ to slow inflation, Biden says By Christopher Rugaber, Associated Press Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June. Continue reading
Dec 08 American views on Biden and economy steady but critical: poll By Hannah Fingerhut, Associated Press President Joe Biden is facing consistent but critical assessments of his leadership and the national economy as his second year in the White House comes to a close. Continue reading
Nov 11 Wall Street surge continues as crypto suffers By Stan Choe, Associated Press Wall Street is tacking a bit more onto its stupendous surge from a day before to keep it on track for a strong gain for the week. Continue reading
Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace By Christopher Rugaber, Associated Press America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Continue reading
Oct 27 Watch 4:35 News Wrap: U.S. GDP grows in third quarter, European Central Bank raises interest rates In our news wrap Thursday, the U.S. economy is showing pockets of strength as the GDP grew at a 2.6% annual rate from July through September, the European Central Bank raised interest rates by three-quarters of a percent to help… Continue watching
Oct 27 U.S. economy snaps contraction streak with 2.6 percent growth last quarter By Paul Wiseman, Associated Press The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Continue reading