Worries linger about financial stability following bank rescue, Fed report shows
Banking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall remains stable,…
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to…
Outlook for household spending slumped in April, New York Fed survey shows
Household spending is expected to decrease significantly over the next year, according to a New York Federal Reserve survey released…
Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
The unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers. The U.S.…
Here’s where the jobs are for April 2023 — in one chart
Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and…
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.…
Private payrolls surged by 296,000 in April, much higher than expected, ADP says
Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP…
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
After the rescue of First Republic Bank by JPMorgan Chase over the weekend, leading economists predict a prolonged period of…
Job openings fell more than expected in March to lowest level in nearly two years
Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job…
The First Republic deal has come at a crucial point for the markets and economy
JPMorgan Chase’s takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to…
