WASHINGTON (REUTERS, AFP) – The US economy expanded at an annualised 6.5 per cent pace in the second quarter, a far slower recovery from the Covid-19 pandemic than economists had […]
US Fed's Jerome Powell says 'higher and more persistent' inflation possible
WASHINGTON (AFP) – Inflation could rise higher and stay there longer than expected as the US economy recovers from the downturn caused by the Covid-19 pandemic, Federal Reserve chairman Jerome […]
Federal Reserve Keeps Rates Unchanged but Cites ‘Progress’ Toward Its Goals
The Federal Reserve kept interest rates unchanged on Wednesday and said it would continue buying large quantities of government debt, but suggested that it could slow those purchases before long […]
Opinion | It’s Morning in Joe Biden’s America
By Paul Krugman Opinion Columnist Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. […]
US weekly jobless claims unexpectedly rise
WASHINGTON (REUTERS) – The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid […]
Opinion | How to Keep the Economy Booming — And Meet the Demand for Workers
In recent economic news, optimists and pessimists could both find evidence to support their outlooks. The May jobs report showed a gain of 559,000 jobs in May and a decline […]
Was the Jobs Report Good? It’s in the Eye of the Beholder.
With Americans divided over who bears credit for the economic recovery, we spoke with our reporter Ben Casselman about the latest job numbers. By Giovanni Russonello How smoothly is the […]
US manufacturing expansion hits one-year mark amid supply backlogs
WASHINGTON (AFP) – The United States manufacturing sector hit the one-year mark in its recovery from the slump brought on by the Covid-19 pandemic, but factories struggled with snarled supply […]
Opinion | Yes, Big Checks for the Jobless Slowed Jobs Growth
The hopes for a booming pandemic recovery — growth led by jobs gains in the millions every month — were dealt a blow in recent weeks by a disappointing April […]
Opinion | Why Trump Still Has Millions of Americans in His Grip
By Thomas B. Edsall Mr. Edsall contributes a weekly column from Washington, D.C. on politics, demographics and inequality. Beginning in the mid-1960s, the priorities of the Democratic Party began to […]