Latest News Updates From Paul Wiseman

Government, Business

US Revises Down Last Quarter’s Economic Growth to 2.6% Rate

WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace. 

March 30, 2023
Government, Business

Key Inflation Measure Surges Most Since June

WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

February 24, 2023
Government, Business

January Hiring Burst Stuns Economists as Market Adds 517,000 Jobs

The government said Feb. 3 that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969.

February 3, 2023
Government, Business

GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

December 22, 2022
Government, Business

US Economy Returned to Growth Last Quarter, Expanding 2.6%

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.

October 27, 2022
Government, Business

Hiring Stayed Solid in September, but Trucking Sheds 11,400 Jobs

WASHINGTON — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. Trucking however saw a sizable decline in truck transportation payrolls. 

October 7, 2022
Government, Business

Economy Drops at 0.6% Annual Rate From April Through June

WASHINGTON — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Sept. 29, unchanged from its previous second-quarter estimate.

September 29, 2022
Government, Business

Inflation Eases as Consumer Prices Rise 6.3% in July

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.

August 26, 2022
Government, Business

Employers Added 528,000 Jobs in July

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

August 5, 2022
Government, Business, Logistics

US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

July 28, 2022