PAUL WISEMAN AP Economics Writer - Page 1

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US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates

The U.S. job market has remained on firm footing even as the Fed has raised its benchmark interest rate 11 times since March 2022 to...

Despite rising interest rates, US job growth continues

The U.S. economy has faced conflicting signs for months. On one hand, inflation is rising and so are interest rates. On the other, job growth...

As economic outlook darkens, Gov't says US economy grew last quarter

Rising interest rates have derailed the housing market and threaten to inflict broader damage. And the outlook for the world economy grows bleaker as winter...

263,000 new jobs in September, US hiring report says

The number could indicate the Fed's interest rate hikes are starting to take effect, slowing the economy and reigning in inflation. WASHINGTON — America’s...

Inflation eases as consumer prices rise 6.3% in July

A month before, prices rose 6.8%, the highest jump since the 1980s. But July's numbers indicate inflationary pressures could be easing in the U.S. ...

Government revision shows economy only shrank 0.6% last quarter

It's a slight revision from the 0.9% contraction initially estimated, but economists say it's a good sign for the economy's health. WASHINGTON — The...

US employment numbers defy skeptics, still climbing as inflation fears deepen

Economists say the stronger-than-expected report indicates the U.S. isn't in a recession yet. But other economic factors point to one in the nearby future. ...

US economy shrinks again, but Biden administration says no recession

The report comes at a critical time, just as the Fed has increased interest rates again by a massive 0.75%. WASHINGTON — The U.S....

Did corporate price gouging fuel inflation? It's not biggest culprit

Most economists say price gouging is, at most, one of many causes of runaway inflation — and not the primary one. WASHINGTON — Furious...

US adds 400,000+ new jobs for 12 months in a row

The economy’s hiring gains have been remarkably consistent in the face of the worst inflation in four decades. WASHINGTON — America’s employers added 428,000...

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