Tag: US economy

Saturday, June 8th 2019 - 07:53 UTC
US economy creates less jobs than forecasted in May; unemployment remains at its lowest in 50 years

 The US economy created far fewer jobs than expected last month and wages also rose less than forecast. Some 75,000 jobs were created in May rather than the 185,000 expected by analysts, the Bureau of Labor Statistics said.
Wednesday, June 5th 2019 - 09:41 UTC
Federal Reserve prepared to cut rates if trade conflicts threaten US economy

Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.
Tuesday, May 21st 2019 - 09:26 UTC
Corporate debts pose a “moderate” risk to US economy, says the Fed

The United States private sector's mounting debts pose a “moderate” risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said on Monday.
Tuesday, May 7th 2019 - 09:15 UTC
US Federal Reserve warns about stock prices and high corporate debt loads

The US central bank warned on Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump's trade wars.
Friday, May 3rd 2019 - 08:40 UTC
Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.
Saturday, April 27th 2019 - 10:15 UTC
US economy beats expectations and expands 3.3% in the first quarter

The US economy grew much faster than expected in the first quarter of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualized pace of 3.2% in the January-to-March period, well above analysts' forecasts.
Saturday, March 9th 2019 - 09:01 UTC
Job creation in the US remains but labor demand is softening

US economy created the lowest number of jobs for a year-and-a-half in February, well below forecasts. Just 20,000 new jobs were created last month against expectations of a 180,000 increase, official figures show.
Thursday, January 31st 2019 - 09:15 UTC
Federal Reserve adopts “wait and see” policy. Economy facing contradictory picture of crosscurrents, says Powell

The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.
Friday, January 25th 2019 - 09:42 UTC
US economy showing best employment numbers in almost half a century

The number of United States citizens filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labour market as claims for several states including California were estimated.
Saturday, January 5th 2019 - 08:34 UTC
US economy ever so strong: 312.000 jobs added in December

The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said.