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Hiring Slows as U.S. Jobs Report Shows Labor Market Shifting Into Lower Gear
The economy added fewer jobs in September and unemployment ticked up, while inflation has maintained pressure on markets and raised costs.
Black Unemployment Rose Sharply in September, Jobs Report Shows
Economists had taken a recent drop in Black unemployment as a hopeful sign that job gains were lifting a broad share of workers.
Amazon investing $1B in data center communities
Amazon plans to invest $1 billion in communities where it builds data centers over the next five years, the company announced Friday. The e-commerce and cloud computing giant will put the funds toward free community college and workforce training for residents, as well as energy efficiency upgrades. "We understand why there is apprehension in some...
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Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase
The odds of an interest rate change at the Federal Reserve’s meeting in late October have dropped following a softer jobs report and strong signaling from bank officials.
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US economy added 29,000 jobs in September: BLS
The U.S. economy added 29,000 jobs in September, according to new data released Friday by the Bureau of Labor Statistics (BLS). The unemployment rate also ticked up slightly to 4.2 percent, the BLS reported. The economy added 162,000 jobs in August, after employers added 31,000 and 21,000 jobs in June and July, respectively. But BLS...
Tariffs Are Making Instruments So Expensive, School Music Programs Are at Risk
When a single cello can cost $1,000 and a tuba $9,000, tariffs are straining meager band and orchestra budgets.
What would the new bipartisan permitting reform bill actually do?
This week, a bipartisan group of senators announced a major permitting reform bill aimed at speeding up the build-out of the nation's infrastructure, especially energy projects. While it’s not clear if the bill will become law, it appears to have the backing of a significant number of legislators as well as leaders in both parties....
Federal Reserve vice chair says it ‘may take more time’ before hiking rates again
Federal Reserve Vice Chair Philip Jefferson said Thursday the central bank will wait to evaluate incoming economic data before deciding whether to hike interest rates again. “As we look ahead, my view is that any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance...