If trends continue, the central bank may achieve a rare and difficult "soft landing" — the taming of inflation without triggering a deep recession.
The S&P 500 gained 17.38 points, or 0.4%, to 4,337.44. The Dow Jones Industrial Average rose 43.04 points, or 0.1%, to 34,006 ...
U.S. job creation slowed in August, new data shows 04:36 The labor market is showing signs of cooling, shifting gears after months of strong job creation that fueled soaring inflation and prompted ...
U.S. wage growth has outpaced inflation since May, finally giving workers more purchasing power. Pay gains had been running ...
Many economists have downgraded the probability of a recession occurring over the next year. They argue that consumer spending remains strong and federal infrastructure spending will continue to ...
The unemployment rate, at a still-low 3.8%, has scarcely budged since March 2022, when the Fed began imposing a series of 11 rate hikes at the fastest pace in decades.
The US labor market continues to live its Goldilocks story with healthy job growth but at a far cooler pace than the blockbuster job gains of the past two and a half years. On Friday, the Bureau ...
WASHINGTON, Sept 1 (Reuters) - U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easing and ...
WASHINGTON, Sept 1 (Reuters) - The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate to 3.8% and moderation in wage growth pointed to an easing in labor ...
NEW YORK (Reuters) - The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate and moderation in wage growth pointed to an easing in labor market conditions ...
Inflation has tumbled from its peak in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate has ...
WASHINGTON (Reuters) - The U.S. economy added more jobs than expected in August, but a rise in the unemployment rate to 3.8% and moderation in wage growth pointed to an easing in labor market ...
