Latest News Updates From Paul Wiseman

Government, Business

Economy Grows Solid 2.3% From October to December

WASHINGTON — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth.

January 30, 2025
Government, Business, Technology

CHIPS Act Will Ramp Up Production, but Report Cites Costs

WASHINGTON — The 2022 CHIPS and Science Act will “sharply increase production’’ of semiconductors in the United States. But it will do so at a high cost, concludes a report.

January 15, 2025
Government, Business

US Added a Strong 256,000 Jobs in December

WASHINGTON — U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.

January 10, 2025
Government, Business

Dockworkers Reach Tentative Agreement With Ports, Shippers

U.S. longshoremen reached a contract agreement with ports and shippers Jan. 8, averting a potential strike that could have damaged the American economy.

January 9, 2025
Government, Business

Wholesale Inflation Accelerated in November

WASHINGTON — Wholesale costs picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak of two years ago.

December 12, 2024
Government, Business

US Added a Strong 227,000 Jobs in November

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month.

December 6, 2024
Government, Business

Storms and Strikes Hold New Jobs to Just 12,000 in October

WASHINGTON — America’s employers added just 12,000 jobs in October, a total economists say was held down by the effects of strikes and hurricanes that left many temporarily off payrolls.

November 1, 2024
Government, Business

Economy Grows at Solid 2.8% Pace on Strong Consumer Spending

WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

October 30, 2024
Government, Business

US Adds a Robust 254,000 Jobs in September

WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support a growing economy.

October 4, 2024
Government, Business, Logistics

Why Biden Says He Won't Invoke Taft-Hartley in Port Strike

According to the Congressional Research Service, about half the time that presidents have invoked Section 206 of Taft-Hartley, the parties worked out their differences.

October 2, 2024