Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.
Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
An aluminum shortage is hitting hospitals across the U.S. hard, limiting the number of much-needed crutches, canes, walkers and even wheelchairs that they can provide to patients.
Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Jobless claims fell by 4,000 last week, the Labor Department reported Wednesday.
U.S. unemployment claims fell to a fresh pandemic low last week to 269,000.
U.S. unemployment claims dropped by 10,000 to 281,000, the lowest since mid-March 2020.
While most will likely be able to get their hands on a turkey for Thanksgiving this year, shoppers could be shelling out more cash for it as well as other holiday staples — largely due to supply chain bottlenecks.
Twitter CEO Jack Dorsey has issued a warning about hyperinflation, saying it "is going to change everything."
The Federal Reserve issued new restrictions on policymakers’ investments in response to questionable recent trades that forced two top officials to resign.
Unemployment claims in the U.S. reached another pandemic low last week, declining to 290,000.
A new White House report addresses how the U.S. economy could be affected by climate change, including extreme heat, flooding, storms and wildfires.
U.S. unemployment claims dropped 36,000 to 293,000 last week, the lowest level since the start of the pandemic, the Labor Department said.