Federal Reserve vice chair’s resignation fuels speculation about Trump nominations
In a letter to President Trump delivered Wednesday, Federal Reserve Vice Chairman Stanley Fischer reveals…read more→
Study: 78 percent of Americans live paycheck to paycheck
A recent study commissioned by job resource company CareerBuilder found that 78 percent of Americans…read more→
Trump pushes tax reform, urges Congress to enact 15 percent corporate tax rate
UPDATE 2 — 9/7, 2:41 p.m. EDT: Speaking at a New York Times-hosted forum Thursday, House…read more→
July yields 209,000 jobs; June numbers revised up 10,000 as trade deficit shrinks
After a brief slowdown in hiring this spring, the Bureau of Labor Statistics released its…read more→
Consumer Financial Protection Bureau bans finance companies from blocking lawsuits
The Consumer Financial Protection Bureau (CFPB) banned most types of arbitration clauses on Monday, ending…read more→
America’s employment situation: 222K jobs created in June, Fed optimistic
The Bureau of Labor Statistics (BLS) reported Friday that 222,000 public and private jobs were created…read more→
BLS reports record low unemployment rates across the country
The Bureau of Labor Statistics (BLS) reports unemployment is falling to record low rates. Jobless…read more→
Fed raises base interest rate in show of confidence for US economy
On Wednesday, the U.S. Federal Reserve raised interest rates, indicating a growing confidence in the…read more→
Trump starts NAFTA renegotiation process
President Trump fulfilled one of his major campaign promises Thursday by starting the process to…read more→
Economy adds 211,000 jobs in April; Unemployment claims lowest in 3 decades
One month following a lower-than-expected report for jobs in March, the Bureau of Labor Statistics (BLS)…read more→
March jobs report falls way short of expectations; manufacturing rises as unemployment falls to decade-long low
According to data released by the U.S. Bureau of Labor Statistics Friday, 98,000 new jobs were…read more→
January yields 227,000 jobs; White House, Democrats fight over glory
Data released by the Bureau of Labor Statistics (BLS) on Friday revealed January payrolls increased to…read more→
Mexico sets new record for remittances, second largest source of foreign income
Mexico’s central bank announced Wednesday that remittances from foreign countries set a new all-time record…read more→
Global wealth inequality continues to increase as over half of population says system has failed
Two studies released ahead of the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, reveal that…read more→
Credit rating agency agrees to $864M settlement for role in 2008 financial crisis
The U.S. Department of Justice announced Friday that financial services company Moody’s Corp. has agreed to…read more→
President Obama’s final jobs report reveals mediocre results for 2016
The Bureau of Labor Statistics (BLS) released its monthly jobs report Friday revealing December 2016 produced…read more→
Ford plans to produce 7 new vehicle lines in Michigan by 2021, move Focus to Mexico
Ford Motor Co. announced Tuesday that it will cancel a $1.6 billion compact vehicle production…read more→
Census Bureau data shows wealth continues to concentrate in DC suburbs
The U.S. Census Bureau released its 2015 Small Area Income and Poverty Estimates (SAIPE) program data…read more→
Liberals, conservatives describe Carrier deal as ‘corporate welfare’
Fallout from President-elect Donald Trump’s announcement on Thursday that air conditioning and refrigeration company Carrier…read more→
New home construction hits decade-long high as Fed signals rate-hike
New U.S. home construction hit a nine-year high at an annualized, seasonally-adjusted rate of 1.323 million…read more→
Report: US economic growth beats expectations in Q3
The Commerce Department reported Friday that the U.S. economy grew at an annualized rate of…read more→
Unemployment insurance applications fall to four-decade low
A U.S. Department of Labor report released Thursday showed that jobless claims remain at their…read more→
September jobs weaker than expected; unemployment rises to 5 percent
A Bureau of Labor Statistics report released Friday revealed the economy produced 156,000 September jobs, a…read more→
Price of marijuana drops 40 to 66 percent in Colorado, Washington
The wholesale price of marijuana in Colorado has continued to plummet since recreational use of…read more→
Home ownership hits all-time low for millennials and all Americans
The U.S. Census Bureau released data Thursday showing that home ownership in America is now…read more→
National debt hits all-time high as presidential contenders offer contrasting visions
The U.S. federal government’s total public debt outstanding reached over $19.4 trillion at the end…read more→
Incomes continue to decline for overwhelming majority in developed nations
A study released by the McKinsey Global Institute (MGI) earlier in July shows that up…read more→
National Living Wage yet to cause job losses in United Kingdom
Resolution Foundation, a London-based non-partisan think tank, released a report Monday showing evidence that the institution…read more→
Study: Most Americans ignorant of bond market, financial risk
The FINRA Investor Education Foundation’s 2015 National Financial Capability Study, released Tuesday, shows 63 percent…read more→
Young entrepreneurs in America today are fewer in number, greater in spirit
Despite a popularly-held belief that the millennial generation is particularly ambitious, a Senate Committee hearing entitled,…read more→
Disappointing May jobs report shows anemic economic growth
Revealing the unemployment rate dropped 0.3 percent to 4.7 percent, the Bureau of Labor Statistics (BLS) released…read more→
Saudis announce oil production increase despite global glut
The President and CEO of Saudi Arabia’s national oil company Aramco, Amin Nasser, announced Tuesday…read more→
Greek bailout in jeopardy as IMF threatens to exit talks
Discussions scheduled for May 9 in Brussels aimed at reviewing the Greek bailout have grown…read more→
With wages stagnant since 2000, presidential election offers real choices
The latest U.S. household income statistics compiled by the Current Population Survey from March show…read more→
Federal government set to limit Wall Street bonus pay
The National Credit Union Administration (NCUA) voted on Thursday to propose a new rule that…read more→
Tax Policy Center: 77.5 million Americans pay no federal income tax
Although the familiar myth “the wealthy pay no taxes” is immeasurably strong in some political…read more→
New report finds majority of corporations pay no federal tax
A Government Accountability Office (GAO) report published in March found that more than two-thirds of…read more→
Checking in: Seattle minimum wage hike one year later
Amid much pageantry, on June 1, 2014, Seattle Mayor Ed Murray signed into law the…read more→
Retail sales fall to record low in 2015, Wal-Mart to close stores across globe
Data released Friday by the Commerce Department showed that total U.S. retail sales increased by…read more→
American economy added 292,000 jobs in December
For the second-straight month, the Bureau of Labor Statistics released uplifting news: The American economy…read more→
Decline in Chinese manufacturing causes global markets to fall
A report released Monday which showed China’s manufacturing sector in decline for the tenth straight…read more→
Fed announces first interest rate increase since 2006
The Federal Open Market Committee (FOMC) voted unanimously to raise the Federal Reserve’s funds rate…read more→
Oil prices decline to near 11-year lows
Oil prices declined to near 11-year lows by the end of the trading day Friday,…read more→
GOP seeks to extend numerous tax breaks in budget deal
Concerned initial plans to extend and revive a handful of tax breaks set to expire…read more→
November yields strong jobs report; Fed rate hike forthcoming
In one of the better months of the Obama Administration, the Department of Labor released…read more→