Latest Employment figures News

Holiday shopping off to slow start, US retail sales up 0.2%

Dec. 13, 2019 10:03 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start. The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2% in November, down from 0.4% in the previous month. Healthy car sales lifted the...

Wholesale prices unchanged in November as energy prices cool

Dec. 12, 2019 8:44 AM EST

WASHINGTON (AP) — U.S. wholesale prices were unchanged in November as the rise in energy costs slowed following a big gain in the previous month. The Labor Department said Thursday that the flat reading in November on its producer price index, which measures inflation pressures before they reach the...

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

Fed leaves low rates alone and sees no moves in near future

Dec. 11, 2019 6:24 PM EST

WASHINGTON (AP) — Chairman Jerome Powell made clear Wednesday that the Federal Reserve is prepared to keep its benchmark interest rate very low through at least next year — and possibly longer. Fueling that expectation is the growing belief of Fed officials that inflation will remain tame even as...

US Federal Reserve could signal no rate hike through 2020

Dec. 11, 2019 6:20 AM EST

WASHINGTON (AP) — The Federal Reserve is set to leave its benchmark interest rate unchanged Wednesday and will likely signal that it expects rates to remain low well into next year despite a robust job market. Many economists have said they think sluggish growth will even compel the Fed to cut rates at...

Fed is likely to reinforce a message of continued low rates

Dec. 9, 2019 2:42 PM EST

WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered a record...

Small business hiring slow, likely to remain so, reports say

Dec. 9, 2019 10:34 AM EST

NEW YORK (AP) — Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020. Payroll processor ADP said its customers with up to 49 employees added 11,000 jobs in...

Stocks slip as investors weigh outlook for US-China trade

Dec. 9, 2019 8:10 AM EST

Tokyo (AP) — Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington as another U.S....

Asian shares rise after buying mood on Wall Street ends week

Dec. 9, 2019 12:18 AM EST

TOKYO (AP) — Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added...

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...