News
The US lost a surprising 92,000 jobs last month as the unemployment rate ticked up to 4.4%
2+ hour, 9+ min ago (657+ words) WASHINGTON " American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%. Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department…...
US companies added 63,000 jobs in February, ADP data show
2+ day, 2+ hour ago (378+ words) U.S. companies added the most jobs since July last month, adding to evidence of some stabilization in the labor market. Private-sector payrolls increased 63,000 in February after a downward revision to the prior month, according to ADP Research data out Wednesday. The…...
Retail sales unchanged in December from November, closing out year on a lackluster tone
3+ week, 3+ day ago (688+ words) NEW YORK " Shoppers unexpectedly paused their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone. The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth…...
Mortgage interest rate forecast for 2026
1+ mon, 1+ week ago (740+ words) Mortgage rates are unlikely to return to their pandemic lows in 2026, but they could still deliver some relief to borrowers. It's possible that rates will even fall below the 6% threshold. [DREAMSTIME/TNS] "Projected 2026 average: 6.1% (a 0.2 percentage point decrease from mid-December…...
Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered
1+ mon, 1+ week ago (226+ words) WASHINGTON " The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. The central bank said in a statement that there are signs the…...
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman
1+ mon, 3+ week ago (226+ words) Meta names former Trump adviser Dina Powell McCormick as president and vice chairman'Decatur Daily NEW YORK " Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the…...
More thrifting and fewer returns, the early trends that defined shopping this holiday
2+ mon, 1+ week ago (820+ words) NEW YORK " The shopping rush leading up to Christmas is over and in its place, like every year, another has begun as millions of people hunt for post-holiday deals and get in line to return gifts that didn't fit, or…...
Most US adults aren't making year-end charitable contributions, new AP-NORC poll finds
2+ mon, 1+ week ago (84+ words) Most US adults aren't making year-end charitable contributions, new AP-NORC poll finds'Decatur Daily NEW YORK " Most Americans aren't making end-of-year charitable giving plans, according to the results of a new AP-NORC poll, despite the many fundraising appeals made by nonprofits…...
Black Friday amid tariffs, economic uncertainty
3+ mon, 1+ week ago (813+ words) NEW YORK " Black Friday may no longer be the retail bacchanalia of years past, when the promise of one-time bargains caused people to leave Thanksgiving tables for malls where some customers got into fistfights over toys or TVs. But the…...
US trade deficit drops 24% in August as Trump's tariffs reduce imports
3+ mon, 2+ week ago (384+ words) WASHINGTON " The U.S. trade deficit fell by nearly 24% in August as President Donald Trump's sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the…...