Government, Business

Jobless Rate Triples to 14.7% in Sharpest Labor Downturn

In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%.

Katia Dmitrieva | Bloomberg News
May 8, 2020
Government, Business

US Economy Shrinks at 4.8% Pace, Signaling Start of Recession

The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now underway.

Katia Dmitrieva | Bloomberg News
April 29, 2020
Business, Equipment

US Durable Goods Orders Plunge Most Since 2014 on Pandemic

U.S. orders for durable goods declined in March by the most since 2014 as the coronavirus and slumping oil prices reverberated through the manufacturing sector and spurred cancelled orders for Boeing Co. airplanes.

Katia Dmitrieva | Bloomberg News
April 24, 2020
Government, Business

US Factory Output Declines by Most Since April Due to GM Strike

U.S. manufacturing output slumped in October by the most in six months as an auto workers strike at General Motors Co. curtailed vehicle production and the trade war continued to weigh on other factories.

Katia Dmitrieva | Bloomberg News
November 15, 2019
Government, Business

Quality Trails Quantity in US Job Market, Index Shows

If quality is more important than quantity, the U.S. labor market isn’t as good as the headline numbers indicate, according to new research.

Katia Dmitrieva | Bloomberg News
November 14, 2019
Government, Business

Payrolls, Wages Miss Estimates in New Sign of Downshift

U.S. hiring missed projections in September and wage gains cooled, offering a warning that the record-long expansion is poised for further slowing even as the jobless rate fell to a half-century low.

Katia Dmitrieva | Bloomberg News
October 4, 2019
Government, Business

Weak Jobs Outlook Echoes Disaster-Hit Months

The last time U.S. payroll forecasts were this low, hurricanes had slammed the country in 2017, temporarily closing businesses. Or go back to 2013 when there was a federal government shutdown.

Katia Dmitrieva | Bloomberg News
October 3, 2019
Government, Business

Unemployment Filings Rise at Lower-Than-Expected Rate

Filings for U.S. unemployment benefits rose less than estimated and remained around historically low levels, offering the latest signs that the labor market is holding up.

Katia Dmitrieva | Bloomberg News
September 19, 2019
Government, Business

Factory Output Rises More Than Forecast in Broad Gain

U.S. factory output increased in August by more than forecast in a broad advance that signals manufacturing may be starting to stabilize.

Katia Dmitrieva | Bloomberg News
September 17, 2019
Government, Business

Core Producer-Price Index Posts First Drop in Two Years

A measure of underlying U.S. producer prices unexpectedly fell in July, with the first drop since early 2017 adding to signs of muted inflation that may reinforce the case for further Federal Reserve easing.

Katia Dmitrieva | Bloomberg News
August 9, 2019