Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.
US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.
US Added Robust 678,000 Jobs in February
WASHINGTON — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.
Key Inflation Gauge Hit 6.1% in January
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
Inflation, Tangled Supply Lines Are Gripping Economy
WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel.
Employers Add 467,000 Jobs in January
WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
Fed to Accelerate Withdrawal of Economic Aid as Prices Surge
WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.
Businesses Advertise Near-Record 11 Million Open Jobs
U.S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand.
Employers Added a Sluggish 210,000 Jobs in November
WASHINGTON — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year.
Hiring Rebounded in October, With 531,000 Jobs Added
WASHINGTON — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.