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Fed: No hike until job market improves, inflation rises
The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows.
After big month, hiring slows in March
U.S. employers advertised slightly fewer jobs and slowed hiring a bit in March, though the declines came after healthy gains the previous month. The figures suggest the job market is improving in fits and starts.
Job market for college grads better but still weak
With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads — a bit.
CEOs more optimistic about economy and hiring
WASHINGTON — A survey of chief executives at the largest U.S. companies shows a growing number are slightly more optimistic about the economy’s prospects for the next six months and expect to boost hiring. The Business Roundtable said Wednesday that its index measuring CEO outlook rose to 84.5 in the October-December quarter. That’s up from […]
Employer uncertainty means hiring will continue slow movement
WASHINGTON — The uncertainty and weakness that hung over the U.S. job market in September before the government shut down aren’t going away. Employers will likely remain slow to hire as long as the economy struggles to accelerate, consumers limit their spending and Congress keeps putting off a resolution to a budget fight that will […]
More Americans quit jobs, a sign of confidence
WASHINGTON — More Americans are quitting their jobs, suggesting many are growing more confident in the job market. The Labor Department said Tuesday that the number of people who quit their jobs in April jumped 7.2 percent to 2.25 million. That’s just below February’s level, which was the highest in 4 ½ years. Overall hiring […]
Jobless claims jump to highest level in 6 weeks
WASHINGTON — The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low. The less volatile four-week average rose just 1,250 to 339,250, the Labor Department said Thursday. That’s a level consistent with […]
Brighter view on jobs and pay lifts consumer confidence
WASHINGTON — Americans are more optimistic the job market is healing and will deliver higher pay later this year. That brighter outlook, along with rising home prices, cheaper gasoline and a surging stock market, could offset some of the drag from the recent tax increases and government spending cuts. A gauge of consumer confidence rose […]
Going back to school after graduation
Could you ever see yourself working for your law school in the future?
Minutes: Fed divided over when to end stimulus
WASHINGTON — A majority of Federal Reserve policymakers want to continue extraordinary bond purchases to help boost the U.S. economy at least through the middle of the year, according to minutes from the Fed’s last meeting released Wednesday. But many members indicated they want to slow and eventually end the program before the end of […]
Unemployment fell in February in 22 states
WASHINGTON — Unemployment rates fell in 22 U.S. states in February from January, a sign that hiring gains are benefiting many parts of the country. The Labor Department said Friday that unemployment rates rose in 12 states and were unchanged in 16. Nationally, the unemployment rate slid to a four-year low of 7.7 percent in […]
Consumer spending, income jump in February
WASHINGTON — U.S. consumers stepped up spending in February after their income jumped, aided by a stronger job market that offset some of the drag from higher taxes. The gains led economists to predict stronger economic growth at the start of the year. Consumer spending rose 0.7 percent in February from January, the Commerce Department […]
