Job openings in the U.S. rose in September to a four-month high and hiring also increased, signaling mild but perhaps not sustainable improvement in a sluggish U.S. labor market.
U.S. manufacturers in October pumped out the most goods — plastics, computers, electrical equipment and so forth — in five years as a growing economy and a revolution in artificial intelligence stoked demand.
Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.
Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.
The U.S. economy ripped off its fastest rate of growth in a year, amped up by the boom in artificial intelligence and strong spending by wealthier Americans.
The bottom didn’t drop out of the labor market after a poor September U.S. jobs report. But what it did show is hiring is slow and it’s a tough time to find work.
American manufacturers are expanding and have plenty of new orders, but high energy prices and new Trump tariffs appear to be blocking even faster growth.
The U.S. job market has been stuck in what economists call a low-hire, low fire mode for the past two years — and the September employment report is likely to be in line with this unusual trend.
Consumer spending snapped back in August after a brief lull, adding to mounting evidence of an acceleration in the U.S. economy despite a series of strains.
The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose sharply in August, underscoring why the central bank raised interest rates earlier this month for the first time in three years.
Expensive gas, higher inflation, a stalemate with Iran and rising interest rates — no matter. The U.S. economy appears to have sped up in the early fall.
After more than five years of failing to do so, Federal Reserve leaders think they can shrink the rate of inflation to 2% by 2029 with just slightly higher U.S. interest rates. Are they serious?
Sales at U.S. retailers surged in August and posted the biggest increase in five months, offering another piece of evidence suggesting the economy sped up toward the end of summer.
