The US economy underperformed ... Health care led the growth of jobs in April, adding 56,000 jobs, while social assistance added 31,000 jobs. “There’s more work to do,” Biden said in his statement. “I ...
"The next stage of the policy cycle is a weakening of the labor market. Once it starts gradually weakening, it then weakens ...
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different ...
The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last ... closer to the Fed's 2% target. Though job growth accelerated in the first quarter, surveys including ...
Time to recap… Hiring in the US slowed in April with the workforce adding another 175,000 jobs and wage growth slowing ... as ease worries exacerbated by the Employment Cost Index (ECI) and Unit Labor ...
When inflation is high, the Federal Reserve raises the federal funds rate with the goal of cooling off spending. The federal funds rate is the amount banks charge one another for overnight loans. When ...
The possibility that the U.S. economy could enter a period of stagflation came into focus Thursday as the quarterly GDP ...
U.S. nonfarm payrolls increased by 175,000 last month, the Bureau of Labor Statistics said Friday, or the smallest gain in six months. Economists were looking for the addition of about 240,000 jobs.
U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing ...
"The US economic upturn lost momentum at the start ... activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest expansion since December 2023.