Sep 04 Labor report paints mixed picture, showing U.S. job openings fell in July while hiring rose By Christopher Rugaber, Associated Press Wednesday's figures indicate that fewer companies are seeking to add workers despite recent data showing that consumer spending is still growing. Continue reading
Aug 23 Watch 6:59 Fed chair says ‘time has come’ to cut interest rates amid signs of weakening job market By John Yang, Karina Cuevas Financial markets rallied Friday after Fed Chairman Jerome Powell said that it’s time to start cutting interest rates. The question now is by how much, and how quickly fed policymakers will act. Powell said inflation is low enough and that… Continue watching
Aug 21 U.S. economy added 818,000 fewer jobs than first reported, sign job market has been slowing By Associated Press The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March — a drop of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final… Continue reading
Aug 20 How fast and how far could the Fed cut rates? Powell may give hint during Friday speech By Christopher Rugaber, Associated Press A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Continue reading
Aug 02 U.S. hiring slows with just 114,000 jobs added in July, unemployment rate hits 4.3 percent By Paul Wiseman, Associated Press U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June. Continue reading
Jul 05 Watch 6:28 Jobs report exceeds expectations but unemployment rise signals cooling labor market By Amna Nawaz, Courtney Norris, Murrey Jacobson The U.S. Economy added more jobs than expected last month, the 42nd consecutive month of job growth. But unemployment inched up to 4.1 percent and there were other signs of a cooling labor market. For a deeper look at what… Continue watching
Jul 05 U.S. employers add 206,000 jobs in June, sign of economic stability despite interest rates By Paul Wiseman, Associated Press Friday's report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000. Continue reading
Jul 03 U.S. continuing jobless claims rise for 9th straight week, though unemployment stays historically low By Matt Ott, Associated Press Analysts say that continuing claims rise because many of those who are already unemployed may now be having a harder time finding new work. Continue reading
Jun 07 U.S. employment picks up pace with 272,000 jobs added in May, sign of sustained economic health By Christopher Rugaber, Associated Press Last month's strong job growth reflected the durability of America's consumer-driven economy. With the nation's households continuing their steady spending, many employers have had to keep hiring to meet their customer demand. Continue reading
May 10 U.S. consumer sentiment drops to 6-month low on inflation, unemployment fears By Christopher Rugaber, Associated Press Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise. Continue reading