Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Octavio Jones | ReutersHurricane Milton's once-in-a-century potential could cause damages of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or...
A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22, 2024 in Tysons, Virginia. Anna Rose Layden | Getty ImagesSeptember's outsized payrolls boost takes the U.S. economy out of the shadows of recession and gives the Federal Reserve a fairly...
The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday.Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones...
Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty ImagesSeptember's jobs picture is expected to look a lot like August's — a gradual slowdown in hiring, a modest increase in wages and a labor market that is...
Private sector hiring picked up in September, indicating the labor market is holding its ground despite some signs of weakness, payrolls processing firm ADP reported Wednesday.Companies added 143,000 jobs for the month, an acceleration from the upwardly revised 103,000 in August and better than the 128,000 consensus forecast from...
Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty ImagesA strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer...
US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024.Mandel Ngan | AFP | Getty ImagesFederal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn't be interpreted as a sign that future moves will be...
Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for...
Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and business conditions, the Conference Board reported Tuesday.The board's Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August...
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a "recalibration" of policy at a pivotal moment for the central bank.At his news conference following Wednesday's open market committee meeting, Powell used variations of the word no fewer than eight times as he...