Potential US Rail Strike Risks Stoking Inflation
The looming U.S. rail strike threatens to push inflation even higher across the country after prices jumped more than expected last month.
Labor Market Extends Gains, Jobless Rate Declines to 6.9%
The U.S. labor market strengthened in October, defying expectations for more subdued gains amid an intensifying pandemic and lack of additional fiscal relief.
Amazon, FedEx, UPS Boost US Warehouse Jobs Amid Online Boom
Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges.
US Jobless Claims Decline After California Resumes Reporting
The number of Americans filing for unemployment benefits fell for the third time in four weeks, suggesting the labor market is still gradually recovering while remaining far from its pre-pandemic health.
US Jobless Claims Resume Drop in Sign of Gradual Improvement
The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market.
Manufacturing Expands at Fastest Pace Since Late 2018
U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy.
US Jobless Claims Below 1 Million for First Time in Pandemic
The number of Americans applying for unemployment benefits fell below 1 million for the first time since the pandemic began in March, suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections.
US Initial Jobless Claims Worse Than Forecast for Second Week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.
Small Businesses Mull Job Cuts After Aid Runs Out
At least 1 in 10 small businesses in the U.S. are expecting to lay off workers once their fiscal relief funds run out, according to a new survey.
Retail Sales Soared a Record 17.7% in May, Double Forecast
U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.