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Meanwhile, jobless claims data for the week ending Sept. 21 signaled a decline in the number of people filing for unemployment benefits. The Department of Labor saw 218,000 unemployment claims ...
At 4.3% now, unemployment remains historically low. But wait, there’s context: Job creation has been slowing down in the face of high interest rates, which make it harder for businesses to expand.
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid ...
President Biden will deliver remarks Friday evening about the state of the economy and the most recent jobs report, which showed the country added a whopping 256,000 jobs last month. This report ...
As of 2015, 44 percent of children in the United States live with low-income families. [270] In 2016, 12.7% of the U.S. population lived in poverty, down from 13.5% in 2015. The poverty rate rose from 12.5% in 2007 before the Great Recession to a 15.1% peak in 2010, before falling back to just above the 2007 level.
"What I see is a path in which inflation is declining significantly and the economy is remaining strong." Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low Skip to main ...
The company suspended most of its steelmaking operations in 1982 and declared bankruptcy in 2001; this factory is now part of the Bethlehem Works development site. American decline is the idea that the United States is diminishing in power on a relative basis geopolitically, militarily, financially, economically, and technologically.
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
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