Latest News Updates From Paul Wiseman

Government, Business

Employers Add a Solid 187,000 Jobs in July

WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.

August 4, 2023
Government, Business

Economy Grew at a Faster 2.4% Rate in April-June Quarter

WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates.

July 27, 2023
Government, Business

GDP Growth in Q1 2023 Revised to 2%

Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.

June 29, 2023
Government, Business

Job Openings Hit 10.1 Million

WASHINGTON — U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation.

May 31, 2023
Business

Economic Growth for Last Quarter Is Revised Up to 1.3%

WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.

May 25, 2023
Government, Business

Employers Add 253,000 Jobs in April

WASHINGTON — America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates and high inflation.

May 5, 2023
Government, Business

Economy Grew at Weak 1.1% Rate in Q1

The U.S. economy slowed sharply from January to March, decelerating to a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.

April 27, 2023
Government, Business

Wholesale Inflation Pressures Eased Sharply in March

WASHINGTON — Wholesale prices fell in March, a sign that inflationary pressures in the economy are easing a year after the Federal Reserve began aggressively raising interest rates.

April 13, 2023
Government, Business

US Adds a Healthy 236,000 Jobs in March

America’s employers added 236,000 jobs in March — 5,700 of them in trucking — suggesting that the economy remains on solid footing despite interest rate hikes designed to tame inflation.

April 7, 2023

Key Inflation Gauge Slowed in February

WASHINGTON — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s effort to cool price pressures through higher interest rates.

March 31, 2023