WASHINGTON — Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs.
Roughly two-thirds, 67%, describe their financial situation as generally good, up […]
WASHINGTON — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion.
The strength of the jobs report the government issued Friday could […]
WASHINGTON — U.S. hiring slowed in May as employers added just 75,000 jobs, a sign that businesses may have become more cautious in the face of slowing global growth and widening trade conflicts.
The tepid job growth, along with the […]
WASHINGTON — U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers.
Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March […]
WASHINGTON — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars, while businesses also pulled back on investment spending.
The Commerce Department said Friday that orders for […]
WASHINGTON — U.S. consumer prices climbed 0.4% in March, an increase caused mostly by higher costs for gasoline, electricity and shelter.
The Labor Department said Wednesday that the consumer price index rose a healthy 1.9% last month from a year […]
WASHINGTON — U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, […]
WASHINGTON — Hiring tumbled in February, with U.S. employers adding just 20,000 jobs, the smallest monthly gain in nearly a year and a half. The slowdown in hiring, though, might have been depressed by harsh winter weather and the partial […]
U.S. stock indexes edged higher in afternoon trading Tuesday as investors weighed conflicting reports on how the U.S. economy is doing and remarks by the head of the Federal Reserve.
Gains in technology and communications companies helped lift the market after […]
WASHINGTON — U.S. employers shrugged off last month’s partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year.
The healthy gain the government reported Friday illustrated the […]
WASHINGTON — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring.
Government data on home construction and retail sales, […]
NEW YORK (AP) — It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and […]
WASHINGTON — U.S. consumer confidence tumbled this month as Americans began to worry that economic growth will moderate next year. But consumer spirits are still high by historic standards.
The Conference Board, a business research group, said Thursday that its consumer […]
BALTIMORE — Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.
Wall Street’s sustained slump has been fueled by investor concerns about lower […]
WASHINGTON — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market.
The Labor Department said Friday that the […]
DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles.
The reduction includes […]
WASHINGTON — U.S. businesses added a robust 230,000 jobs in September, a private survey found, a sign that strong economic growth is spurring companies to add more workers.
Payroll processor ADP said Wednesday that September’s job gain was the most […]
WASHINGTON — President Donald Trump pitched a wildly off-base claim about economic growth Monday as the White House used selective statistics to build a case that the economy is doing much better than when Barack Obama was in office.
The attention […]
WASHINGTON — Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth.
Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent […]
WASHINGTON — U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy.
The Labor Department said Tuesday that job openings barely increased, […]
WASHINGTON — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.
The unemployment rate ticked down to 3.9 percent from 4 percent, the Labor Department […]
WASHINGTON — President Donald Trump falsely claimed Friday he’s pulled off “an economic turnaround of historic proportions.”
Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second […]
WASHINGTON — President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth.
Speaking at events Thursday in Iowa and Illinois, Trump claimed victory in advance of Friday’s government release of quarterly gross domestic product data, […]
WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China.
The job growth wasn’t enough to keep […]
WASHINGTON — “The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.”
And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960′s. Consumers are spending. Taxes are down. Inflation […]
WASHINGTON — America’s 21st century job market increasingly demands high-tech skills and knowledge. Yet consider this: Nearly half the new jobs the government foresees emerging by 2026 will require only a high school diploma — or none at all.
Those […]
President Donald Trump praised his recently-passed tax overhaul law while touring a manufacturing company near Cincinnati, Monday. Trump said the tax cuts are at the center of improving economic conditions. (Feb. 5)
BLUE ASH, Ohio — President Donald Trump accused […]
WASHINGTON — President Donald Trump on Friday praised an America that is “roaring back” just as his government was releasing figures showing a year of economic growth well short of what he told people to expect.
Trump’s speech to the […]
WASHINGTON — Employers posted fewer open jobs in November, the second straight month of decline after openings reached a record high in September.
The Labor Department said Tuesday that the number of available jobs slipped 0.8 percent to 5.88 million, […]
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