Job Growth Soars in January, Despite Omicron
Defying expectations of another Covid slowdown, the U.S. economy added 467,000 jobs in January, the Labor Department reported Friday. Officials also...
Climate Change Will Raise U.S. Flooding Losses 26% by 2050: Study
U.S losses from flooding will rise 26.4% by 2050 as a result of climate change, according to a study published Monday. Writing in the journal Nature...
Best Economic Growth in 37 Years
The U.S. economy grew by 1.7% in the fourth quarter of 2021, the Commerce Department announced Thursday. The quarterly figure translates to an...
The Fed Tees Up a Rate Hike
The Federal Reserve on Wednesday signaled that it is ready to start raising interest rates for the first time since the central bank cut rates to near...
Supreme Court Blocks Biden’s Covid Vaccine Mandate for Large Employers
In a major blow to President Joe Biden’s effort to combat the spread of Covid-19, the U.S. Supreme Court on Thursday rejected his vaccine mandate for...
Inflation Hits a Nearly 40-Year High
Consumer prices rose by 7% in 2021, the largest 12-month increase since 1982, the Labor Department announced Wednesday. On a monthly basis, the...
Powell Tells Lawmakers He’s Ready to Raise Interest Rates as Needed
Federal Reserve Chair Jerome Powell, under consideration for a second four-year term leading the central bank, assured lawmakers Tuesday that he’s...
Job Growth Disappoints, but Biden Says Economy Is on Track
Non-farm employment grew by 199,000 in December, the U.S. Labor Department announced Friday, a disappointing result that fell well short of...