The Latest Breaking News on Economy

Buckle up for recession and Dow Jones turbulence: The Federal Reserve is risking a hard landing for the U.S. economy to address chronic labor and housing shortages.

The nation’s job market last month delivered just what the Federal Reserve and nervous investors hoped for: A Goldilocks-style hiring report

WASHINGTON: A strong August jobs report means the US Federal Reserve will continue to aggressively raise interest rates, though a surge in the labour force could give central bankers the option to back off a little if they choose.

London (AFP) - US and European stock markets shot higher on Friday following data that showed US job creation slowed but remained positive last month, belying fears of a recession induced by interest rates and inflation.

Washington (AFP) - American employers slowed the pace of hiring in August after the surprising surge in the prior month and the jobless rate edged up, according to government data released Friday, which could offer the central bank some relief that its inflation-fighting efforts are working.

The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July

U.S. employers added jobs at a healthy, yet more moderate pace in August, offering little evidence of any kind of definitive slowdown despite a jump in unemployment.

U.S. employers added a healthy number of jobs in August and a steady stream of people entering the workforce lifted the unemployment rate, suggesting some easing in the tight labor market and offering mixed implications for the Federal Reserve.

Employers continue to hire workers at a robust pace, even as the Federal Reserve raises interest to crush inflation.

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflation

There’s not much good to say about the U.S. economy today, with out-of-control inflation eroding household incomes and Americans bracing for a recession after gross domestic output shrunk in the first half of 2022.