Latest News Updates From Paul Wiseman

Government, Business

Economic Strength Persists With 216,000 New Jobs in December

The nation’s employers added a robust 216,000 jobs in December 2023, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.

January 5, 2024
Government, Business

Producer Prices in October Drop Most Since 2020

U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease after a year and a half of higher interest rates.

November 15, 2023
Government, Business

Job Growth Slows in October, but Still Sturdy at 150,000

WASHINGTON — The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient.

November 3, 2023
Government, Business

Labor Market Still Resilient, Adds 187,000 Jobs in August

The nation’s employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.

September 1, 2023
Government, Business

US Economic Growth for Q2 Revised Down to 2.1%

The economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs, the government said Aug. 30.

August 30, 2023
Government, Business

Inflation Rises for First Time in a Year to 3.2% Rate

WASHINGTON — Inflation rose in July after 12 straight months of declines, boosted by costlier housing. But core inflation matched the smallest monthly increase in nearly two years.

August 10, 2023
Government, Business

Employers Add a Solid 187,000 Jobs in July

WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.

August 4, 2023
Government, Business

Economy Grew at a Faster 2.4% Rate in April-June Quarter

WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates.

July 27, 2023
Government, Business

GDP Growth in Q1 2023 Revised to 2%

Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.

June 29, 2023
Government, Business

Job Openings Hit 10.1 Million

WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation.

May 31, 2023