Aug 18 Slightly fewer Americans file for jobless benefits last week as strong labor market continues By Matt Ott, Associated Press Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to be the strongest segment of the U.S. economy. Continue reading
Aug 17 July retail sales were flat, as customers weather inflation By Paul Wiseman, Anne D'Innocenzio, Associated Press The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Continue reading
Aug 09 WATCH: Biden signs CHIPS and Science Act to stimulate U.S. semiconductor production By Associated Press The $280 billion bipartisan bill to boost domestic high-tech manufacturing is part of his administration's push to boost U.S. competitiveness over China. Continue reading
Jul 28 Watch 9:19 Senate agreement on climate change, health care revives Biden’s legislative agenda Senate Democrats are lauding a deal on a spending package to reduce the deficit, lower health care costs, raise corporate taxes and combat climate change. It's a stunning development after more than a year of negotiations had failed to win… Continue watching
Jul 28 Average U.S. long-term mortgage rates fall slightly to 5.3 percent By Matt Ott, Associated Press Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control. Continue reading
Jul 26 WATCH: White House says Korean firm’s $22 billion investment will mean new jobs By Associated Press South Korea's SK Group announced plans to invest $22 billion in the U.S. on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of domestic jobs. Continue reading
Jul 25 Yellen downplays U.S. recession risk as economic reports loom By Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Continue reading
Jul 13 U.S. inflation at 9.1 percent, a record high By Christopher Rugaber, Associated Press Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to… Continue reading
Jul 11 Watch 8:24 Inflation and high housing costs spur more baby boomers to find roommates By Paul Solman, Diane Lincoln Estes Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."… Continue watching
Jul 08 Watch 6:02 Strong jobs report staves off fears of a recession amid rising prices Despite worries about whether the U.S. is sliding into a recession, Friday's surprisingly strong jobs report suggests otherwise. The U.S. has averaged adding nearly 375,000 new jobs a month for the past three months, and private sector employment has returned… Continue watching