Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment...
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty ImagesThe U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane...
Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik | Getty ImagesIf the Federal Reserve is starting to set the table...
A "Now Hiring" sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty ImagesPrivate job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday.Companies added just...
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City.Spencer Platt | Getty ImagesAn important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.The...
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 16, 2024. Alex Kent | Bloomberg | Getty ImagesWall Street's favorite recession signal started flashing red in 2022 and hasn't stopped — and thus far has been wrong every step of...
As the frontrunner for the Democratic party's nomination, Kamala Harris will have to run, for better or worse, on President Joe Biden's economic record. That could be problematic for the vice president, who is being regarded as the near-certain replacement for Biden on the party ticket. While Biden-Harris can...
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1%...
Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 6, 2024. Bonnie Cash | ReutersFederal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too...