WASHINGTON — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.
August 2, 2024Latest News Updates From Paul Wiseman
US Employers Added Just 114,000 Jobs in July
Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate
WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.
July 25, 2024Fed’s Preferred Inflation Gauge Shows Price Pressures Easing
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.
June 28, 2024Economic Growth for Q1 Is Revised Up to a 1.4% Annual Rate
WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.
June 27, 2024Could Cheap Chinese EVs Reach US From Mexico?
Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.
June 27, 2024Employers Add 175,000 jobs in April in Face of Higher Rates
WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that high interest rates may be starting to take a toll on the economy.
May 3, 2024Economic Growth Slowed Sharply Last Quarter to 1.6% Pace
WASHINGTON — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.
April 25, 2024Producer Prices Rose 2.1% From Last Year, Most Since April
WASHINGTON — U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected.Â
April 11, 2024Employers Added a Robust 303,000 Jobs in March
WASHINGTON — America’s employers in March added a sizzling 303,000 workers to their payrolls, bolstering hopes that the economy can vanquish inflation without succumbing to a recession.
April 5, 2024Inflation Gauge Shows Price Pressures Easing Gradually
WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.
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