• United States May 17, 2017

    US Households Owe Record Amount, Topping Pre-Recession Peak

    U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession.

  • Donald Trump Apr 27, 2017

    Fact Check: Be Wary of White House Claims About Tax Plan

    Getting to the bottom of President Donald Trump’s tax plan is difficult because it exists so far as bullet points on a single page, with no detail. Still, there are reasons to be wary about some of the claims coming out of the White House about it.

  • Donald Trump Apr 7, 2017

    US Unemployment Dips to 4.5 Percent, But Hiring Slows

    U.S. employers added just 98,000 jobs in March, the fewest in a year, though the unemployment rate fell to a nearly 10-year low of 4.5 percent. Last month’s weakness in hiring may point to sluggishness in the economy, but unusual weather might also have been a factor. Job gains in January and February had averaged a robust 218,000, fueled partly...

  • PRESIDENT Mar 27, 2017

    US Economy to Grow Slower Than Trump Pledged: Survey

    U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump’s promised tax cuts and infrastructure spending are implemented, a survey found. The economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by the National Association for Business Economics. Those rates would be...

  • Donald Trump Mar 10, 2017

    Robust February Jobs Report Points to Resilient US Economy

    U.S. employers added a robust 235,000 jobs in February and raised pay at a brisk pace — signs that a resilient economy has given many companies the confidence to hire in anticipation of solid growth ahead. With the unemployment rate dipping to a low 4.7 percent from 4.8 percent, the job market appears to be fundamentally healthy or nearly so.

  • Donald Trump Nov 17, 2016

    US Home Construction Jumps by Largest Amount in 34 Years

    Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5 percent to a seasonally adjusted 1.3 million in October, the Commerce Department said Thursday. That is the biggest gain since July 1982. New construction is also at the highest level since August 2007,...

  • Donald Trump Oct 7, 2016

    US Jobless Rate Ticks Up to 5 Percent; Employers Add 156K Jobs

    U.S. employers added 156,000 jobs last month, a decent gain but also a sign that hiring has slowed from its strong pace last year. The unemployment rate ticked up to 5 percent from 4.9 percent, but mostly for a positive reason: More Americans came off the sidelines and looked for work, though not all found jobs. Job growth has averaged...

  • Donald Trump Sep 14, 2016

    Americans Got a Raise Last Year for the 1st Time Since 2007, Census Bureau Says

    Americans finally got a raise last year after eight years of stagnating incomes. The typical U.S. household’s income rose 5.2 percent in 2015 to $56,516, the Census Bureau said Tuesday. Even with the solid gain, that remains below the median household income of $57,423 in 2007, when the Great Recession began. The median is the point where half of households...

  • Donald Trump Jun 3, 2016

    US Hiring Falls to Worst in 5 Years; Unemployment Rate Drops to 4.7 Percent

    U.S. employers drastically slowed their hiring in May, adding just 38,000 jobs, the fewest in more than 5 years and a sign of concern after the economy barely grew in the first three months of the year. At the same time, the unemployment rate tumbled to 4.7 percent from 5 percent, the Labor Department said Friday, its lowest point since...

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