Hiring Softens in June
The labor market expanded again in June as employers hired 209,000 people, the Bureau of Labor Statistics announced Friday. The numbers were something...
Biden to Focus on Economy as Campaign Heats Up
As his reelection campaign shifts into a higher gear, President Joe Biden aims to convince voters that the economy is doing just fine, thanks in large...
The U.S. Population Is Older Than Ever
The median age of the U.S. population reached 38.9 years in 2022, according to data published Thursday by the U.S. Census Bureau. On an upward trend...
Fed Pauses Rate Hikes but Says More Are Coming
The Federal Reserve on Wednesday announced that it would hold interest rates steady for now, as officials declined to raise the central bank’s...
Inflation Cools as Fed Mulls Pause in Rate Hikes
Consumer prices in May registered their smallest increase in more than two years, sending a dovish signal to Federal Reserve officials as they...
Jobs Growth Blows Past Expectations in May
U.S. employers added 339,000 jobs in May, the Labor Department reported Friday, blowing past expectations while signaling that the job market remains...
Restarting Student Loans Payments Could Be a $40 Billion Hit to the Economy
As part of the debt ceiling deal between House Speaker Kevin McCarthy and President Joe Biden, a pause on student loan repayments that has been in...
Inflation Stays Stubbornly High in April
The personal consumption expenditures price index – a measure of inflation closely watched by the Federal Reserve – rose 0.4% in April on a monthly...
Goldilocks Labor Market Keeps Rolling Along as Unemployment Rate Drops to 3.4%
The U.S. labor market just won’t quit. Employers added another 253,000 jobs in April, the Bureau of Labor Statistics announced Friday in a report that...
The Fed Raises Rates Again – and Signals It May Be Ready to Pause
The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points and signaled that it may be ready to suspend its rate hike...