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 ...
When inflation is high, the Federal Reserve raises the federal funds rate with the goal of cooling off spending. The federal ...
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.
Rolling coverage of the latest economic and financial news. Time to recap… Hiring in the US slowed in April with the workforce adding another 175,000 jobs and wage growth slowing. The news cheered ...
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 ...
US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, ...
Hong Kong stocks led a surge in Asian markets as China’s stepped-up efforts to boost the economy. The Hang Seng Index climbed as much as 2.2pc to put it on track for a ninth consecutive day of gains, ...
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.