Economy

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…

Key inflation gauge for the Fed rose 0.3% in March as expected

Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…

Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates

The euro zone economy grew by a marginal 0.1% in the first quarter of the year, preliminary figures showed Friday,…

IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher

STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house price corrections in Europe, at a time when…

U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing

Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation…