Strong Job Growth Continues With 353,000 Added in January
WASHINGTON — U.S. employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy shrugging off a period of high interest rates.
US Economy Grew at Strong 3.3% Rate to End 2023
WASHINGTON — The nation’s economy grew at a brisk 3.3% annual pace in Q4 as Americans showed a continued willingness to spend despite high interest rates and price levels.
Energy, Housing, Food Drive Slight Uptick in US Inflation
WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target may remain a bumpy one.
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.
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.
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.
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.
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.
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.
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%.