Paul Wiseman

Government, Business

Inflation Eases as Consumer Prices Rise 6.3% in July

grocery shopper (Andres Kudacki/AP)

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.

Paul Wiseman | Associated Press
August 26, 2022
Government, Business

Employers Added 528,000 Jobs in July

construction workers Construction workers unload sheet rock at a building under construction in New York City on Aug. 4. (Mary Altaffer/AP)

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

Paul Wiseman | Associated Press
August 5, 2022
Government, Business, Logistics

US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop

GDP Andres Kudacki/Associated Press)

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

Paul Wiseman | Associated Press
July 28, 2022
Government, Business

Key Inflation Gauge Remains a High 6.3%

car at gas pump Gas is advertised for more than $6 per gallon at a gas station in Sacramento. (Rich Pedroncelli/AP)

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.

Paul Wiseman | Associated Press
June 30, 2022
Government, Business

Economy Slipped 1.6% to Start Year

Boeing factory Factory lines at Boeing's Everett Production Facility in Everett, Wash. (Jennifer Buchanan/The Seattle Times via AP, Pool)

WASHINGTON — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported June 29 in a slight downgrade from its previous estimate for the January-March quarter.

Paul Wiseman | Associated Press
June 29, 2022
Government, Business

Economy Shrank by 1.5% in Q1 but Consumers Kept Spending

Shopper with bags Marcio Jose Sanchez/AP

WASHINGTON — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported May 26 in a slight downgrade of its previous estimate for the January-March quarter.

Paul Wiseman | Associated Press
May 26, 2022
Government, Business

US Added 428,000 Jobs in April Despite Surging Inflation

hiring sign Nam Y. Huh/AP

WASHINGTON — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.

Paul Wiseman | Associated Press
May 6, 2022
Government, Business

Jobless Claims Rise but Remain Near 50-Year Low

hiring sign Gwengoat/Getty Images

WASHINGTON — The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs.

Paul Wiseman | Associated Press
April 14, 2022
Government, Business

US Inflation Jumped 8.5% in Past Year, Highest Since 1981

Inflation A shopper examines a product. (Elaine Thompson/Associated Press)

WASHINGTON — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

Paul Wiseman | Associated Press
April 12, 2022
Government, Business

US Added 431,000 Jobs in March in Sign of Economic Health

hiring sign Rogelio V. Solis/Associated Press

America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

Paul Wiseman | Associated Press
April 1, 2022

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