US Added 428,000 Jobs in April Despite Surging Inflation
WASHINGTON — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.
Jobless Claims Rise but Remain Near 50-Year Low
WASHINGTON — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs.
US Inflation Jumped 8.5% in Past Year, Highest Since 1981
WASHINGTON — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
US Added 431,000 Jobs in March in Sign of Economic Health
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
US Slightly Revises Up its GDP Estimate for Q4 to 7%
The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Feb. 24 in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.
Supply Chain Bottlenecks, COVID Expected to Slow Global Growth
WASHINGTON — The World Bank is downgrading its outlook for the global economy, blaming continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains.
US Jobless Claims Rise by 7,000, Still Low at 207,000
The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong.
A Record 4.5 million Americans Quit Their Jobs in November
A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
Jobless Claims Unchanged at 205,000
The number of Americans applying for unemployment benefits was unchanged last week, remaining at a historically low level that reflects the job market’s strong recovery from the coronavirus recession last year.
Consumer Confidence Rises Despite Omicron, Higher Prices
WASHINGTON — U.S. consumer confidence rose in December as Americans shrugged off concerns about rising prices and COVID-19’s highly contagious omicron variant.