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Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.
News

Jobless claims rise as labor market starts to cool

Zach Halaschak -
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White House press secretary Karine Jean-Pierre speaks during a press briefing at the White House, Thursday, April 6, 2023, in Washington.
News

White House pushes back on Fed staff’s recession prediction

Zach Halaschak -
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FILE-In this Wednesday, May 9, 2012, file photo, David Lee holds on to his carts while shopping at a Costco Wholesale in Portland, Ore. A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately. (AP Photo/Rick Bowmer, File)
News

Inflation plummets to 2.7% in March in producer price index

Zach Halaschak -
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FILE - In this Friday, July 12, 2013, file photo, shoppers peruse the aisles at a Wal-Mart in Bristol, Pa. Americans increased their spending at an annual rate of just 1.8 percent in the April-June quarter, down from a 2.3 percent rate in the January-March period. Consumer spending is expected to improve in the second half of the year. But most economists foresee only a slight acceleration to an annual rate of 2 percent to 2.5 percent. (AP Photo/Matt Rourke, File)
Business

Why the drop in March inflation isn’t quite the ‘progress’ touted by Biden

Joseph Lawler -
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Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022.
Business

Fed staff predicts recession this year

Zach Halaschak -
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Inflation dropped to 5% in year ending in March, lowest since spring 2021
Economy

Inflation dropped to 5% in year ending in March, lowest since spring 2021

Joseph Lawler -
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Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington.
Economy

March jobs report raises the risk of a major mistake by the Federal Reserve

Zach Halaschak -
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Vice President-elect Mike Pence will attend the House Republicans weekly conference meeting Thursday. (AP Photo/Carolyn Kaster)
Beltway Confidential

Mike Pence is open to reforming Fed dual mandate to focus on inflation

Tiana Lowe Doescher -
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Employment growth slows with 236,000 jobs in March
Economy

Employment growth slows with 236,000 jobs in March

Zach Halaschak -
0
Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.
Business

Jobless claims far higher than thought, revisions show ahead of March jobs report

Zach Halaschak -
0
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