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 ...
Rolling coverage of the latest economic and financial news. FTSE 100 hits record high 09:33 Boom! Britain’s FTSE ...
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 ...
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.
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different ...
"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 ...
U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing ...
US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, ...
The possibility that the U.S. economy could enter a period of stagflation came into focus Thursday as the quarterly GDP ...
"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.