Sep 06 U.S. hiring rebounded slightly last month, showing cooling but steady job market By Christopher Rugaber, Associated Press Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing. Continue reading
Aug 30 Where, when and how travelers are packing airports and highways for Labor Day weekend By David Koenig, Associated Press Airports, highways, beaches and theme parks are expected to be packed across the U.S. this Labor Day weekend as a lot Americans mark the unofficial end of summer the same way they celebrated the season’s unofficial start: by traveling. Continue reading
Aug 29 U.S. economic growth revised up to solid 3 percent annual rate for second quarter of 2024 By Paul Wiseman, Associated Press The U.S. economy grew last quarter at a healthy 3 percent annual pace, fueled by strong consumer spending and business investment, the Department of Commerce said Thursday in an upgrade of its initial assessment. Continue reading
Apr 25 U.S. economic growth slows to 1.6 percent, sign that interest rates may be taking toll By Paul Wiseman, Associated Press The gross domestic product — the economy's total output of goods and services — decelerated from its brisk 3.4% growth rate in the final three months of 2023. Consumers continued to drive growth last quarter but slowed their spending. Continue reading
Apr 06 Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain By Christopher Rugaber, Associated Press When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central… Continue reading
Apr 06 Watch 8:16 Why more Americans are making hardship withdrawals from retirement accounts By Winston Wilde, Andrew Chambers For a growing number of Americans, retirement accounts are doing double duty as savings accounts for the future and emergency funds for the here and now. Vanguard Group says that 2023 saw early withdrawals from a record 3.6 percent of… Continue watching
Mar 23 Watch 7:08 Immigrant workers face routine injuries, lack of protections on U.S. dairy farms By John Yang, Harry Zahn, Andrew Corkery Advocates of legal immigration say foreign-born workers have long been a key factor in U.S. economic growth. But are they sharing in the benefits of their contributions? For more than a year, ProPublica has been investigating the harsh realities of… Continue watching
Mar 08 Watch 7:48 Why many Americans feel unhappy about the economy despite indicators of improvement By Paul Solman, Diane Lincoln Estes Friday’s latest jobs report is proof again of a labor market that has been resilient and often stronger than expected. But according to numerous polls, many Americans don’t feel the economy is strong overall or helping them or their families. Continue watching
Mar 05 Bitcoin hits record high less than 2 years after FTX collapse cast doubt on digital currencies By Wyatte Grantham-Philips, Associated Press Gains in recent months have been fueled by the anticipation and eventual U.S. approval of bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors. Continue reading
Feb 26 Forecasters raise expectations for 2024 U.S. economy By Associated Press The economy looks set to grow 2.2% this year after adjusting for inflation. That’s up from an earlier forecast of 1.3%. Continue reading