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Economy
Here’s where the jobs are for April 2023 — in one chart
Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns.Nonfarm payrolls increased by 253,000…
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.Nonfarm payrolls increased 253,000 for the…
Private payrolls surged by 296,000 in April, much higher than expected, ADP says
A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. Brian Snyder | ReutersHiring at private companies…
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal…
Job openings fell more than expected in March to lowest in nearly two years
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023.Elizabeth Frantz | ReutersEmployment openings pulled back further in…
The First Republic deal has come at a crucial point for the markets and economy
Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesJPMorgan Chase's takeover of First Republic likely…
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year's worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely.The personal…
IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher
A pedestrian inspects advertisements for residential properties for sale in Stockholm, Sweden.Bloomberg | Bloomberg | Getty ImagesSTOCKHOLM, Sweden — The International Monetary…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation took hold of an economy largely expected to decelerate…
The banking crisis is having a slow-burn impact on the economy
People walk by the New York Stock Exchange (NYSE) on February 14, 2023 in New York City.Spencer Platt | Getty ImagesA banking crisis that erupted less than two months ago now…