Latest Employment figures News

Stocks rally after Fed chair signals slowdown in rate hikes

Nov. 30, 2022 15:08 PM EST

Stocks rallied and Treasury yields fell Wednesday after the head of the Federal Reserve said that the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings Institution,...

US job openings fell in October to still-high level

Nov. 30, 2022 11:40 AM EST

WASHINGTON (AP) — U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in October, down...

US revises up last quarter's economic growth to 2.9% rate

Nov. 30, 2022 09:24 AM EST

WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter's rise in the U.S. gross domestic product — the...

Business, labor groups agree on $1.8B unemployment debt plan

Nov. 29, 2022 20:11 PM EST

SPRINGFIELD, Ill. (AP) — Illinois business and labor groups have agreed on a plan to erase a $1.8 billion debt, generated by the wrenching COVID-19 pandemic, in the account that covers unemployment benefits, state officials said Tuesday. The deal leans on surplus funds in the...

Asian shares rise except Japan as markets eye China protests

Nov. 28, 2022 21:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. ...

How major US stock indexes fared Monday 11/28/2022

Nov. 28, 2022 16:26 PM EST

Stocks fell broadly on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions imposed as part of his “zero COVID” strategy in the world’s second-largest economy. The S&P 500, the Dow Jones...

2 Fed officials favor keeping key rate at peak through 2023

Nov. 28, 2022 16:23 PM EST

WASHINGTON (AP) — Two Federal Reserve officials said Monday that they favor raising the Fed's key rate to roughly 5% or more and keeping it at its peak through next year — longer than many on Wall Street have expected. John Williams, president of the Federal Reserve Bank of New...

Holiday shopping kicks off with inflation dampening spirits

Nov. 24, 2022 10:21 AM EST

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other...

Editorial Roundup: New York

Nov. 24, 2022 04:11 AM EST

Albany Times Union. November 20, 2022. Editorial: You promised, governor Kathy Hochul promised transparency. Why are her agencies stonewalling or slow-rolling auditors and the public? Gov. Kathy Hochul should know better than most people about the need...

Most Fed officials at last meeting backed slower rate hikes

Nov. 23, 2022 15:09 PM EST

WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time. The central bank's...