Payrolls grew by 353,000, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth....
Commodity markets are in a ‘super squeeze’— higher prices may continue
SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co.,...
IMF ups global growth forecast on U.S. resilience, China policy support
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on...
PCE inflation December 2023:
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close. The Commerce Department’s personal consumption...
Corporate debt defaults soared 80% in 2023, could be high in 2024
Javier Ghersi | Moment | Getty Images Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal...
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial...
Jamie Dimon warns on U.S. economy in 2024, 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and...
Prices rose 0.3% higher than expected, annual rate at 3.4%
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that...
Global economy set for its worst half decade of growth in 30 years: World Bank
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images The global economy is on course...
Private payrolls added 164,000 in December, beating expectations, ADP says
Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market, ADP reported...