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Latest Headlines in Economy


A "Now Hiring" sign stands outside a restaurant in Virginia on August 12.

US weekly jobless claims dropped to 326,000 last week

The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year’s coronavirus recession.

Jasper Hoitsma, operations manager at Clover, speaks to a woman about a part time position at the restaurant.

US initial jobless claims unexpectedly rise for a third week

Initial unemployment claims in regular state programs rose to 362,000 in the week ended Sept. 25, led by another surge in California, Labor Department data showed Thursday.

A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on Sept. 21 in Hallandale, Florida.

US weekly jobless claims rise as Delta variant hangs over a rebounding economy

The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000.

Fed Chair Jerome Powell said that Fed officials expect the economy to continue to grow.

Federal Reserve signals it may soon slow bond purchases

The central bank sent a clear signal that policymakers are preparing to pivot away from full-blast monetary help as the business environment snaps back from the pandemic shock.

People walk by the New York Stock Exchange.

Stocks drop the most since May on worries over China, Fed

US stocks saw their biggest drop since May amid worries about debt-engorged Chinese property developers and possible moves by the Federal Reserve. The S&P fell by 1.7 percent and the Dow by 614 points or 1.8 percent.

The Federal Reserve building in Washington, D.C.

Powell asks Fed to examine staff trading rules after disclosures

Boston Fed President Eric Rosengren and Dallas’s Robert Kaplan announced that they would both sell their individual stock holdings, moves aimed at quelling ethical concerns after their trading activity raised questions.

A FedEx driver delivers a cart of packages in New York.

Retail sales rose last month even as delta variant spread

Online sales soared 5.5 percent last month, while sales at restaurants and bars were flat from the month before.

A "Now Hiring" sign outside a restaurant in Huntington Park, Calif.

US jobless claims tick up to 332,000 as Delta variant weighs on economy

Weekly unemployment claims rose last week, the Labor Department reported Thursday.