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- Mechanic David Stoliaruk works on the engine of a car at IC Auto in Philadelphia, May 2, 2023. On Friday, the U.S. government issues its November jobs report. (AP Photo/Matt Rourke, File)
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Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,12/07/23-5:59PM , 684 Reads
WASHINGTON (AP) — U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
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- Workers apply sheathing to the exterior of a new multifamily residential building, Friday, Nov. 3, 2023, in the East Boston neighborhood of Boston. According to a raft of polls and surveys, most Americans hold a glum view of the economy. (AP Photo/Michael Dwyer)
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Why Americans feel gloomy about the economy despite falling inflation and low unemployment
By CHRISTOPHER RUGABER - AP Economics Writer
Sat,11/18/23-9:17PM , 349 Reads
WASHINGTON (AP) — Inflation has reached its lowest point in 2 1/2 years.
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- Sale signs are displayed at an appliance store in Arlington Heights, Ill., Wednesday, Nov. 8, 2023. On Tuesday, the Labor Department issues its report on inflation at the consumer level in October. (AP Photo/Nam Y. Huh)
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What's pushing inflation down? More goods, workers and housing
By CHRISTOPHER RUGABER - AP Economics Writer
Mon,11/13/23-7:28PM , 165 Reads
WASHINGTON (AP) — Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve.
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- Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, Nov. 1, 2023. The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.(AP Photo/Susan Walsh)
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Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,10/31/23-9:30PM , 260 Reads
WASHINGTON (AP) — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the m
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