When inflation is high, the Federal Reserve raises the federal funds rate with the goal of cooling off spending. The federal ...
The US economy underperformed expectations in April, adding only 175,000 nonfarm payroll jobs in that month, according to the Bureau of Labor Statistics. The news comes as the Federal Reserve seeks to ...
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 ...
Rolling coverage of the latest economic and financial news. FTSE 100 hits record high 09:33 Boom! Britain’s FTSE ...
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.
"The next stage of the policy cycle is a weakening of the labor market. Once it starts gradually weakening, it then weakens ...
WASHINGTON (Reuters) - U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely ...
US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, ...
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 of the second quarter," says S&P Global Market Intelligence's chief business economist. "Further pace may be lost in the coming months.