Economy

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024. Tierney L. Cross | Bloomberg | Getty Images Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize

The breakdown of the June jobs report suggests that growth has become increasingly uneven as the labor market shows signs of softening. U.S. nonfarm payrolls grew by 206,000 in June, according to the Labor Department, but the job gains were narrow. Health care and social assistance added 82,400 jobs, while government increased by 70,000 positions.

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images The unemployment rate for women in the white, Black and Hispanic racial groups rose in June in line with the overall trend, according to data released Friday by

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.  Joe Raedle | Getty Images With signs building that the labor market is at least slowing if not something worse, the June nonfarm payrolls report takes on added significance. Payroll gains so far

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum. Powell will join ECB President Christine Lagarde and Brazil Central Bank

A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City.  Michael M. Santiago | Getty Images Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market. Companies added 150,000 jobs for

U.S. Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin building on June 12, 2024 in Washington, DC.  Kevin Dietsch | Getty Images Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year

Headline inflation in the euro area dipped to 2.5% in June, the European Union’s statistics agency said Tuesday, while the closely watched core and services prints held steady. The headline figure was in line with the expectations of economists polled by Reuters. Inflation had nudged up from 2.4% in April to 2.6% in May. Core

David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange. Source: NYSE Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job. The Zeta Economic Index, launched Monday, uses generative AI to analyze what its developers call

An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage

In this article LEVI Follow your favorite stocksCREATE FREE ACCOUNT A Levi’s store at the Orlando Vineland Premium Outlets in Florida. Jeff Greenberg | Universal Images Group | Getty Images In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are taking that advice to heart.

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background.  Vw Pics | Universal Images Group | Getty Images The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on

People purchase beverages in a store on a sweltering afternoon in Brooklyn, New York, on the first day of summer on June 21, 2024. Spencer Platt | Getty Images There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday. The personal consumption

GP: American flag and Chinese flag Matt Anderson Photography | Moment | Getty Images A recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term despite growing concerns about U.S.-China relations and the broader business environment.  The annual survey conducted by the China General Chamber

Michelle Bowman, governor of the US Federal Reserve, speaks during the Exchequer Club meeting in Washington, DC, US, on Wednesday, Feb. 21, 2024.  Kent Nishimura | Bloomberg | Getty Images Federal Reserve Governor Michelle Bowman said Tuesday the time is not right yet to start lowering interest rates, adding she would be open to raising

A worker assists with checkout at a Costco store in Teterboro, New Jersey, on Feb. 28, 2024. Stephanie Keith | Bloomberg | Getty Images Retail spending was weaker than expected in May as consumers continued to wrestle with stubbornly higher levels of inflation. Sales rose just 0.1% on the month, one-tenth of a percentage point

General view of the Bank Of England building in London.  Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as “finely balanced” after U.K. inflation hit its 2% target. Markets nudged bets on an August