A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025.Lauren Petracca | Bloomberg | Getty ImagesAnnounced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring,...
Category: Economy
Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected
A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates.The core personal consumption expenditures price index, which excludes volatile food and energy prices,...
Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court.Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited...
Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026
skynesher | Getty ImagesPresident Donald Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count instead, according to recent statements from corporate executives and economic forecasters.With the labor market already on its heels in a no-fire, no-hire climate, concerns are rising that...
Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics.Nonfarm payrolls increased by 119,000 in the month, up from the 4,000 jobs lost in August following a downward revision. The Dow Jones consensus estimate for September was...