Wages Jump by the Most on Records Dating Back 20 Years
WASHINGTON — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs.
Unemployment Claims Fall to Lowest Level Since Pandemic
WASHINGTON — The number of Americans applying for unemployment benefits fell to its lowest level since the pandemic began, a sign the job market is still improving even as hiring has slowed in the past two months.
Employers Add a Weak 194,000 Jobs as Delta Maintains Hold
WASHINGTON — U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy with many companies struggling to fill millions of open jobs.
Yellen Warns Delay in Raising Debt Limit Will Slow Economy
WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.
Fed Likely to Signal a Coming Pullback in Economic Support
WASHINGTON — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it has given the economy since the pandemic struck 18 months ago.
Hiring Slows to 235,000 Jobs After Two Strong Months
WASHINGTON — America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Powell Says Fed on Track to Slow Aid for Economy Later This Year
WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Aug. 27, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession.
Jobless Claims Near Pandemic Low as Economy Strengthens
WASHINGTON — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand.
Consumer Prices Rose in July but at Slower Pace
WASHINGTON — Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation’s households.
Jobless Claims Rise to 419,000 From a Pandemic Low
WASHINGTON — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.