Economy

Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department…

Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay

In another sign of cracks forming in the U.S. labor market, a New York Federal Reserve survey Monday showed a…

Trump to counter Harris with competing economic agenda rollout

Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled…

Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data

Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor…

U.S., China sign agreement to cooperate on financial stability

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank…

Trump, Harris inflation arguments are questionable, Chicago Fed president says

Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs,…