BREAKING: Fed slices interest rates for second time this year
The Federal Reserve cut its benchmark lending rate by one-quarter of a point on Wednesday, marking the second time this year it has reduced rates in the face of a weakening [...]
Economy
Deficits to exceed $12 trillion through 2029: CBO
The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the non-partisan Congressional Budget Office (CBO), an $809 [...]
Dow drops 800 points in worst day of 2019 amid recession fears
U.S. stock markets had their worst drop of the year Wednesday, with the Dow Jones Industrial Average dropping 800 points, or 3 percent. The U.S. trade war with China has been [...]
BREAKING: Wall Street slides as key recession indicator rings loud alarm bells
The Dow Jones index fell more than 400 points Wednesday morning after bond markets flashed a troubling indicator of an impending recession. The phenomenon, known as an [...]
Economy adds 164K jobs in July, unemployment holds at 3.7 percent
The U.S. added 164,000 jobs in July, the Labor Department reported Friday, a positive sign amid concerns about the long term health of the economy. The July jobs report [...]
BREAKING: Federal Reserve cuts interest rate by 0.25 percent, marking first rate cut since 2008
The Federal Reserve cut the interest rate by one-quarter of a percentage point on Wednesday, marking the first such reduction in 11 years and providing an extra boost to the [...]
BREAKING: U.S. economy added a less-than-expected 75,000 jobs in May, amid ongoing trade tensions and global economic slowdown
The economy added an anemic 75,000 jobs in May, amid ongoing trade tensions with China and Mexico and a global economic slowdown. The unemployment rate stayed steady at 3.6 [...]
US economy grew at 3.2 percent in first quarter
The Commerce Department says the U.S. economy picked up steam in the first three months of the year. That’s a significant turnaround from expectations six weeks ago, [...]
U.S. Posts Largest Monthly Budget Deficit on Record in February
The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending. The budget gap [...]
BREAKING: U.S. economy gains 20,000 jobs in February, indicating that the nation’s 10-year economic expansion has potentially hit a speed bump.
The economy gained a 20,000 jobs in February, indicating that the nation’s 10-year economic expansion has potentially hit a speed bump. Monthly employment data released [...]
Government shutdown cost U.S. economy $11 billion, budget office says
Federal employees went back to work Monday after the longest shutdown in government history — but the economic effects will be felt for a long time. A report released [...]
BREAKING: The economy added 250,000 jobs in October as monthly report shows final snapshot of U.S. labor market before midterms
The economy added a total of 250,000 jobs during the month of October. The monthly jobs report released Friday by the Department of Labor also showed unemployment remaining [...]
The U.S. economy added 134,000 jobs in September, extending a record run of hiring to eight full years. The unemployment rate fell to 3.7%.
September was a milestone in the remarkable rebound that followed the fall of Lehman Brothers 10 years ago: eight straight years of monthly job growth. The unemployment rate [...]
Cherry-Picking to Overhype Jobs Gains from Tax Cuts
By Robert Farley – Factcheck.org The GOP cherry-picked states with the largest number of job gains this year to promote its claim that “GOP tax cuts have fueled [...]
‘Amazing’: Trump touts U.S. economy after 4.1 percent growth
The U.S. economy grew by an annual rate of 4.1 percent in the second quarter, marking the fastest pace since 2014. President Donald Trump called the rate [...]
Trump’s Numbers (Second Quarterly Update)
By Brooks Jackson – Factcheck.org Statistical measures of how things have changed since the president took office. Summary In the time Donald Trump has been in the [...]
U.S. economy added 213,000 jobs in June, beating expectations
The latest job report marks the 93rd straight month that the U.S. economy gained jobs, the longest recorded streak. The numbers were larger than the expected 195,000 jobs [...]
223,000 jobs added in May; unemployment rate falls to 3.8 percent
The U.S. economy added a robust 223,000 jobs in the month of May, according to figures released Friday by the Department of Labor, and the unemployment rate fell slightly to [...]
Trump Spins Rise in Job Openings
By Eugene Kiely – Factcheck.org The number of job openings has been rising since mid-2009, contrary to President Donald Trump’s boast that under his stewardship [...]