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Economy

US filings for jobless benefits inch up as labor market remains strong despite fears of downturn

By MATT OTT
Apr 24, 2025 7:43 am - U.S. applications for jobless benefits rose modestly last week as business continue to retain workers despite fears of a possible economic downturn.
Wall Street rises in a worldwide rally after Trump softens his tough talk on trade and the Fed

By STAN CHOE
Apr 23, 2025 9:06 am - U.S. stocks are rising Wednesday as a worldwide rally comes back around to Wall Street after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war.
Wall Street rallies and recovers most of Monday’s slide as the dollar and US bond market steady

Apr 22, 2025 8:50 am - U.S. stocks are rallying Tuesday after companies reported fatter profits than expected, and other U.S. investments are also steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.
US, global economic outlook worsens in the face of Trump's tariffs, IMF says

By CHRISTOPHER RUGABER
Apr 22, 2025 8:13 am - The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.
Project Labor Agreements deliver on policymakers’ promises to taxpayers and workers

By Frank Manzo IV
Apr 19, 2025 1:48 pm - With tariffs, market volatility, and mass government layoffs dominating headlines lately, much of our national economic discourse has centered around whether public policies and investments are maximizing value for taxpayers and opportunities for American workers.
U.S. jobless benefit claims fall last week as labor market remains strong despite recession fears

By MATT OTT
Apr 17, 2025 8:02 am - U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a tariff-induced recession.
Trump suggests he can remove Fed Chair Powell, saying he’s ‘not happy’ with him over interest rates

By CHRISTOPHER RUGABER, AAMER MADHANI and JOSH BOAK
Apr 17, 2025 7:45 am - President Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates and says he could fire him if he wanted to. Trump is renewing a threat from his first term that could cause a major legal showdown over the issue of the central bank's longstanding political independence.
Hiring challenges persist in skilled trades

By Mary Lynn Fayoumi
Apr 16, 2025 8:44 am - A growing trend of high school counselors and parents encouraging kids to attend college instead of learning a trade or pursuing a manufacturing career can present hiring challenges for many industries.
Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

By ANNE D'INNOCENZIO
Apr 16, 2025 8:20 am - U.S. shoppers increased their shopping last month, fueled by a spending spree on big ticket items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in.
Trump says he’s joining Bessent and Lutnick for trade negotiations with Japanese at the White House

By DARLENE SUPERVILLE and MARI YAMAGUCHI
Apr 16, 2025 8:17 am - President Donald Trump said he’s joining some of his top economic advisers on Wednesday for negotiations at the White House over tariffs and trade with a top Japanese official who is traveling to Washington for the talks.

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