Latest Employment figures News

Fed minutes: Officials felt 3 cuts this year could be enough

Nov. 20, 2019 3:51 PM EST

WASHINGTON (AP) — Most Federal Reserve officials believed last month that the three rate cuts they have made this year would be enough unless the economy weakened significantly. The minutes of the October Fed meeting, released Wednesday, reveal that “most participants” thought that this...

US housing starts climbed 3.8% in October

Nov. 19, 2019 8:47 AM EST

WASHINGTON (AP) — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand. The Commerce Department said Tuesday that housing starts reached a seasonally adjusted annual rate of 1.31 million. Starts for single-family houses were up 2%,...

US producer prices up 0.4% in October

Nov. 14, 2019 8:58 AM EST

WASHINGTON (AP) — U.S. producer prices rose 0.4% in October, the biggest jump in six months, reflecting a surge in energy costs. The Labor Department said Thursday that the October increase in its producer price index, which measures price pressures before they reach consumers, followed a 0.3% decrease in...

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

The Latest: Powell sees job participation as major problem

Nov. 13, 2019 12:09 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): ___ 11:55 a.m. Federal Reserve Chairman Jerome Powell says two major long-term issues facing the U.S. economy are sluggish...

US job openings decline in September though remain healthy

Nov. 5, 2019 11:01 AM EST

WASHINGTON (AP) — U.S. employers advertised fewer open jobs in September compared with the previous month, but the number of available positions remains high by historic standards. The Labor Department said Tuesday that employers listed 7 million jobs, down from 7.3 million in August. Job openings peaked...

Germany's highest court curbs cuts to jobless benefits

Nov. 5, 2019 5:11 AM EST

BERLIN (AP) — Germany's highest court has limited how drastically authorities can cut benefits to jobless people who refuse to cooperate in seeking a new job. The Federal Constitutional Court's ruling Tuesday stemmed from a case in which an unemployed man had his benefits cut because he rejected a job...

How major US stock indexes fared Friday

Nov. 1, 2019 4:33 PM EDT

Stocks powered to records Friday after a surprisingly strong jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The economic reports solidified Wall Street's view that the economy is nestled in a sweet spot for...

Stocks hit records as strong jobs report calms trade worries

Nov. 1, 2019 4:30 PM EDT

NEW YORK (AP) — Stocks powered to records Friday after an encouraging jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The Labor Department's report showed that employers added more jobs in October than...

US economy defies threats with a solid job gain for October

Nov. 1, 2019 4:21 PM EDT

WASHINGTON (AP) — A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as...