Breaking News: Economy

Unemployment among Hispanic workers rises at faster pace in October than overall rate

The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according…

U.S. payrolls increased by 150,000 in October, less than expected

The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat…

Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy

The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…

Bank of England governor says Israel-Hamas conflict poses risks to inflation fight

Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…

Labor costs show surprise decline in the third quarter

The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the…

Fed holds rates steady, upgrades assessment of economic growth

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…

Private sector payrolls rose 113,000 in October, less than expected, ADP says

Private sector payroll growth increased modestly in October but missed expectations, in a potential sign that the employment picture could…

Here’s everything to expect from the Fed’s policy announcement Wednesday

The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything…