Government, Business

January Hiring Burst Stuns Economists as Market Adds 517,000 Jobs

The government said Feb. 3 that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969.

Paul Wiseman | Associated Press
February 3, 2023
Government, Business

GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

Paul Wiseman | Associated Press
December 22, 2022
Government, Business

US Economy Returned to Growth Last Quarter, Expanding 2.6%

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.

Paul Wiseman | Associated Press
October 27, 2022
Government, Business

Hiring Stayed Solid in September, but Trucking Sheds 11,400 Jobs

WASHINGTON — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. Trucking however saw a sizable decline in truck transportation payrolls. 

Paul Wiseman | Associated Press
October 7, 2022
Government, Business

Economy Drops at 0.6% Annual Rate From April Through June

WASHINGTON — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Sept. 29, unchanged from its previous second-quarter estimate.

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

Inflation Eases as Consumer Prices Rise 6.3% in July

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

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

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%

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

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