Feb 07 Powell predicts 'significant' inflation drop but job market strength means more rate hikes By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a "significant decline" in inflation this year. Continue reading
Feb 03 Watch 6:40 Hiring surges but trends show more working-age men dropping out of labor force By Paul Solman, Ryan Connelly Holmes Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report… Continue watching
Jan 04 U.S. job openings remained high in sign of economic resilience By Christopher Rugaber, Associated Press U.S. job openings slipped in November but remained at high suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts to cool hiring and wage gains. Continue reading
Sep 04 Watch 8:14 How American workers are faring after two years of pandemic turmoil Labor Day this year comes after a pandemic-induced rollercoaster of historically high unemployment followed by very low unemployment numbers. What has this meant for workers themselves? Maximillian Alvaraz of the Real News Network and the Working People podcast and Tsedal… Continue watching
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
Jul 14 Watch 8:04 Innovative Pittsburgh job center trains disadvantaged youth By Fred de Sam Lazaro, Simeon Lancaster Despite a robust job market in recent years, the career path for some, notably young people of color, is often dampened by a lack of skills needed for good jobs in today’s economy. In Pittsburgh, one group is trying to… Continue watching
Jun 29 'No guarantee' Fed can tame inflation without hurting employment, Powell warns By Paul Wiseman, Associated Press Federal Reserve Chair Jerome Powell said there's "no guarantee" the central bank can tame runaway inflation without hurting the job market. Continue reading
Apr 01 WATCH: Biden says economy 'on the move' after strong March jobs report By Associated Press America’s employers added 431,000 jobs in a sign of the economy’s resilience and despite a still-destructive pandemic and the highest inflation in 40 years. Continue reading
Mar 04 Watch 5:48 Strong jobs report signals more Americans returning to labor market as coronavirus wanes By Geoff Bennett, Karina Cuevas The latest jobs reports shows U.S. job growth surged in February as the omicron wave of COVID-19 began fading. The Labor Department reports employers added a net of 678,000 jobs, the most since July. Jared Bernstein, who serves on the… Continue watching
Feb 22 WATCH: Biden announces $35 million investment to help supply chain resiliency By Associated Press Biden announced a $35 million investment in the domestic production of minerals and materials that are needed to create a wide range of technological devices, including computers, batteries, smartphones, vehicles and home appliances. Continue reading