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Retail sales unexpectedly flat in December
U.S. retail sales were unexpectedly unchanged in December, putting consumer spending and the overall economy on a slower growth path.
Fed maintains rates; sees ‘elevated’ inflation, stabilizing job market
The U.S. Federal Reserve held interest rates steady, citing still-elevated inflation alongside solid economic growth.
Consumer spending rises, labor market remains lackluster
Consumer spending increased in November and October, likely keeping the economy on track for a third straight quarter of strong growth.
More workers are stuck in part-time jobs, in warning for the economy
Underemployment is rising as more Americans work part-time or multiple jobs amid a cooling labor market and affordability concerns.
US job growth beats expectations in November; unemployment rate at 4.6%
U.S. nonfarm payrolls rose 64,000 in November as unemployment held at 4.6%, despite trade tensions and weak labor market sentiment.
With government dark, alternate sources show sluggish September for jobs
U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009, a report found.
Private payrolls post largest drop in 2-1/2 years
U.S. private payrolls dropped by the most in 2-1/2 years in September, the ADP National Employment report showed.
Trump pulls nomination of E.J. Antoni to lead Bureau of Labor Statistics, AP reports
The White House is withdrawing the nomination of E.J. Antoni to lead the Bureau of Labor Statistics, according to an AP source.
Powell signals Federal Reserve to move slowly on interest rate cuts
Federal Reserve Chair Jerome Powell signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials.
Hiring stalls in August with companies reluctant to expand in uncertain economic landscape
Employers added just 22,000 jobs in August as the labor market continued to cool under uncertainty over President Trump’s economic policies.
Productivity rises as employers cut back on hiring
WASHINGTON — U.S. companies got more output from their workers this spring than initially thought. Productivity rose at a modest 2.2 percent annual rate in the April-June quarter, largely because […]
Md. adds 800 jobs in July, but unemployment rate ticks up to 7%
Maryland’s unemployment rate has ticked up half a percentage point since a January low, despite the state adding jobs for the first time in six months and the downward revision of a grim June jobs report.
