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Tag: Federal Reserve

WASHINGTON, DC - NOVEMBER 07: Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. The Federal Reserve cut interest rates the second time this year, cutting its benchmark lending rate by a quarter percentage point as they extend efforts to keep the US economic expansion on solid footing amid concerns about a weakening labor market. (Photo by Kent Nishimura/Getty Images)

Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign

The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.

Read More Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
LOS ANGELES, CALIFORNIA - JUNE 02: A 'Now Hiring' sign is displayed outside a resale clothing shop on June 2, 2023 in Los Angeles, California. Today’s U.S. labor report shows that employers added 339,000 jobs in May with sectors including construction, healthcare, business services and transportation adding jobs with wages showing 4.3 percent growth over the same period last year. (Photo by Mario Tama/Getty Images)

Report: U.S. Economy Adds Only 12K Jobs In October, Falling Well Short Of Expectations

The latest jobs report shows that  job growth slowed in the month of October, coming in under economists’ expectations, while the unemployment rate was unchanged. 

Read More Report: U.S. Economy Adds Only 12K Jobs In October, Falling Well Short Of Expectations
People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston/File Photo

Weekly jobless claims at five-month low; consumer spending rises solidly

The number of Americans filing new applications for unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September.

Read More Weekly jobless claims at five-month low; consumer spending rises solidly
People line up outside Kentucky Career Center prior to its opening to find assistance with their unemployment claims in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston/File Photo

US job openings drop to more than 3-1/2 year low in September

U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.

Read More US job openings drop to more than 3-1/2 year low in September
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall; continuing claims hit highest level in three years

New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly three years.

Read More US weekly jobless claims fall; continuing claims hit highest level in three years
The Federal Reserve building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows

The Federal Reserve Board received 11 complaints alleging sexual harassment between 2020 and 2023 and disciplined nine staff members as a result, firing four.

Read More US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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