Oct 12 More Americans feel financially vulnerable, AP-NORC poll finds By Josh Boak, Emily Swanson, Associated Press More U.S. adults are now feeling financially vulnerable amid high inflation. That's a political risk for President Joe Biden and fellow Democrats a month before the midterm elections. Continue reading
Oct 10 Social Security cost-of-living increase will help millions of kids and their caretakers By Fatima Hussein, Associated Press Coupled with a decline in the Medicare Part B premium, the Social Security boost will put more money in the hands of the 70 million Americans who receive benefits, including the growing number of grandparents caring for their grandchildren. Continue reading
Oct 07 Watch 5:35 Jobs report shows economy, employment market cooling as questions of recession remain By Paul Solman, Diane Lincoln Estes The September jobs report shows the economy and employment market cooling but remaining steady. The labor market added 263,000 jobs, but that's down from the first half of the year when roughly 400,000 jobs were created a month. Stocks sank… Continue watching
Oct 07 WATCH: President Biden praises U.S. jobs data, but seeks 'stable growth' By Associated Press President Joe Biden hailed new job numbers Friday, saying the slowdown in job growth shows the United States is transitioning to "more stable growth," although he warns that there is "still a lot of work" to be done. Continue reading
Oct 07 Stocks slump on fears about rates, recession after jobs data By Stan Choe, Associated Press Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. Continue reading
Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in… Continue reading
Oct 04 Haiti reaches a breaking point as the economy tanks and violence soars By Evens Sanon, Dánica Coto, Associated Press Daily life in Haiti began to spin out of control last month just hours after Prime Minister Ariel Henry said fuel subsidies would be eliminated, causing prices to double. Continue reading
Oct 04 U.S. job openings fell in August, potentially calming inflation By Christopher Rugaber, Associated Press The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. Continue reading
Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession By Christopher Rugaber, Associated Press The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Continue reading
Sep 22 WATCH: Heads of major banks testify in Senate Banking Committee hearing By Ken Sweet, Associated Press The CEOs of the nation’s biggest banks were in for a second day of tough questioning from lawmakers Thursday, as Americans face inflation not seen since the early 1980s and a midterm election is only weeks away. Continue reading