Aug 06 Stocks bounce back from worst drop in nearly 2 years By Stan Choe, Associated Press Calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. Continue reading
Aug 05 Dow drops 1000 points, worst fall since 2022, amid global rout By Stan Choe, Associated Press Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down. Continue reading
Aug 02 Unemployment rise shakes stock markets, yet recession signals have been wrong — so far By Christopher Rugaber, Paul Wiseman, Associated Press The U.S. economy used to flash reliable signals when it was in or near a recession. But those red lights have gone haywire since the COVID-19 pandemic struck and upended normal business activity. Over the past two or three years,… 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 18 More Americans apply for unemployment benefits as layoffs settle at higher levels in recent weeks By Matt Ott, Associated Press Jobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week, the Labor Department reported Thursday. It's the eighth straight week claims came in above 220,000. 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
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
May 09 U.S. job market still hot but weekly jobless claims hit highest level since August of 2023 By Matt Ott, Associated Press The Labor Department reported Thursday that unemployment claims for the week ending May 4 rose by 22,000 to 231,000. Continue reading
Apr 04 Number of Americans applying for jobless benefits ticks up, but layoffs remain low By Matt Ott, Associated Press Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week. Continue reading
Dec 15 Congressional Budget Office projects lower inflation and higher unemployment into 2025 By Fatima Hussein, Associated Press The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the unemployment rate will hit 4.4 percent in the fourth quarter of 2024 and remain close to that level through 2025. Continue reading