Employers Add a Solid 187,000 Jobs in July
WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.
Economy Grew at a Faster 2.4% Rate in April-June Quarter
WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates.
GDP Growth in Q1 2023 Revised to 2%
Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
Job Openings Hit 10.1 Million
WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation.
Economic Growth for Last Quarter Is Revised Up to 1.3%
WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.
Employers Add 253,000 Jobs in April
WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates and high inflation.
Economy Grew at Weak 1.1% Rate in Q1
The U.S. economy slowed sharply from January to March, decelerating to a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
Wholesale Inflation Pressures Eased Sharply in March
WASHINGTON — Wholesale prices fell in March, a sign that inflationary pressures in the economy are easing a year after the Federal Reserve began aggressively raising interest rates.
US Adds a Healthy 236,000 Jobs in March
America’s employers added 236,000 jobs in March — 5,700 of them in trucking — suggesting that the economy remains on solid footing despite interest rate hikes designed to tame inflation.
Key Inflation Gauge Slowed in February
WASHINGTON — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s effort to cool price pressures through higher interest rates.