The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday.For...
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers.The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate was...
A man shops at a Target store in Chicago on November 26, 2024.Kamil Krzaczynski | AFP | Getty ImagesA key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won't lower interest...
U.S. President-elect Donald Trump holds an award during the FOX Nation's Patriot Awards at the Tilles Center on December 05, 2024 in Greenvale, New York.Michael M. Santiago | Getty ImagesOptimism about household finances hit a multiyear high following Donald Trump's presidential election victory in November, according to a New...
Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024.Yuki Iwamura | Bloomberg | Getty ImagesFriday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut...
Jobseekers talk to a recruiter at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty ImagesThe unemployment rate climbed sharply for Black women in November.The overall jobless rate edged up slightly last month to 4.2% from 4.1% in October,...
The jobs report for November came in better than expected, and that growth came from several different areas of the U.S. economy, according to the data.Health care and social assistance led the way yet again last month, seeing 72,300 new positions added in that area, per the Bureau of...
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and...
A pedestrian walks by a 'hiring now' sign in front of a U-Haul store on December 03, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesAfter a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer...
Paul Atkins, founder and chief executive officer of Patomak Global Partners LLC, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, May 1, 2017. David Paul Morris | Bloomberg | Getty ImagesPresident-elect Donald Trump, keeping with his promise for a...