Oct 06 Watch 5:43 Job growth defies expectations but questions remain about overall health of economy By Paul Solman, Shoshana Dubnow The strength of the jobs market stunned again with a report surpassing most expectations. Employers added 336,000 jobs in September while unemployment remained at 3.8 percent. We also learned that nearly 120,000 more jobs were created in July and August… Continue watching
Sep 25 Why the job market has weathered rising interest rates, grim economic forecasts By Christopher Rugaber, Associated Press Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged. Continue reading
Aug 04 U.S. economy adds 187,000 new jobs, fewer than expected but unemployment down By Paul Wiseman, Associated Press U.S. employers added 187,000 last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient. Continue reading
Jun 28 WATCH: Biden touts ‘Bidenomics’ as economy improves but many voters have doubts By Josh Boak, Emily Swanson, Chris Megerian, Associated Press President Joe Biden had a tough sell Wednesday, trying to convince voters that the U.S. economy is flourishing. Continue reading
Jun 21 WATCH: Fed Chair Powell testifies on inflation and interest rates before House committee By Christopher Rugaber, Associated Press “Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” Powell said on the first of two days of semi-annual testimony on Capitol Hill. Continue reading
Mar 13 Analysis: What Silicon Valley Bank collapse means for the U.S. financial system By William Chittenden, The Conversation SVB, as the bank is known, collapsed with lightning speed following a run on its deposits. Continue reading
Mar 13 Stocks fall and Wall Street fearful after SVB failure followed by second bank By Stan Choe, Associated Press Investors are worried that a relentless rise in interest rates meant to get inflation under control have hit a tipping point and may be cracking the banking system and broader economy. Continue reading
Feb 04 Ahead of State of the Union, Biden’s economic optimism not shared by GOP By Josh Boak, Associated Press President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. Continue reading
Jan 30 Federal Reserve prepares for smaller hike, but may hint of fewer increases By Christopher Rugaber, Associated Press The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording… Continue reading
Nov 30 U.S. economy grew 2.9 percent last quarter slightly beating expectations, revised data says By Paul Wiseman, Associated Press Last quarter’s rise in the U.S. gross domestic product, or the economy’s total output of goods and services, followed two straight quarters of contraction… Continue reading