• Fed's Kaplan sees 2019 as decision time on rate hike path

    2 monthes ago - By Reuters

    The Federal Reserve should keep raising U.S. interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday.
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  • White House Releases New Measure For Wage Growth, Breaking With Labor Department

    2 monthes ago - By NPR

    On the heels of the latest job report released on Friday, NPR's Ari Shapiro speaks with Elise Gould, of the Economic Policy Institute, about wage growth.
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  • August Jobs Report: Economy Adds 201,000 Jobs; 3.9 Percent Unemployment

    August Jobs Report: Economy Adds 201,000 Jobs; 3.9 Percent Unemployment

    2 monthes ago - By NPR

    Wage growth - and more specifically, the lack of vigorous pay raises - continued to be an issue, with average hourly earnings nudging slightly upward to 2.9 percent. (Image credit: Daniel Acker/Bloomberg via Getty Images)
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  • Jobs to left, tariffs on right: Can US economy defy threats?

    2 monthes ago - By Chron

    WASHINGTON - The U.S. economy is showing consistent strength even after nearly a decade of growth, with Friday's jobs report for August signaling that employers remain optimistic enough to hire freely and are finally paying more generously.
    Consumers, the principal drivers of growth, are more confident than they've been in nearly 18 years. Americans are splurging on restaurant meals, clothes and cars.
    Still, potential problems loom: The Trump administration is ramping up its trade fights, and interest rates appear likely to keep rising. The result is that businesses and consumers will...
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  • Report: Fed failure cost US a million jobs

    Report: Fed failure cost US a million jobs

    2 monthes ago - By Stl Today

    The Federal Reserve, in its rush to prevent prices and wages from rising too fast, underestimated how fast American employers were hiring workers, and boosted interest rates before the economy was ready - costing U.S. workers up to a million...
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  • World stock markets fall, trade fears and rate hikes worries weigh

    2 monthes ago - By Reuters

    World share indexes limped toward their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.
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  • 'Let's just remember when this recovery started': Obama hits back at Trump taking credit for strong economy

    'Let's just remember when this recovery started': Obama hits back at Trump taking credit for strong economy

    2 monthes ago - By Business Insider

    Former President Barack Obama chided Republicans for taking credit for job growth numbers that look similar to the figures during his presidency.
    "So when you hear how the economy is doing right now, let's just remember when this recovery started," Obama said.
    According to data from the Bureau of Labor Statistics, job growth during President Donald Trump's first year in office was lower than any of the previous three years under Obama.
    President Barack Obama thinks Republicans may be taking a bit too much credit for the strength of the US economy.
    During a speech at the University of...
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  • The Economy Added 201,000 Jobs in August

    2 monthes ago - By Crossing Wall Street

    Today's jobs report showed that the U.S. economy created 201,000 net new jobs last month. That's pretty much inline with the current.
    The unemployment rate was 3.9%. Looking at the decimals, the unemployment rate came very close to rounding down to 3.8%. The current unemployment rate is lower than every single month in the 1960s, 1970s and 1980s.
    In the last 102 months, the U.S. economy has created 9.5 million new jobs. In the last year, average hourly earnings are up 2.9%.
    A broad measure of unemployment and underemployment that includes Americans stuck in part-time jobs or too...
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  • Here's where the jobs are - in one chart

    2 monthes ago - By CNBC

    The business services, education and health services industries led job gains for the month of August, besting laggards like retail and manufacturing, according to the latest government jobs report.
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  • Strong jobs report gives Fed the green light for more rate increases

    2 monthes ago - By CNBC

    August's surprise jump in wages could be a sign of more wage growth ahead - good news for workers and a green light for the Fed when it comes to interest rates hikes.
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  • Faster wage growth in strong jobs report likely means more Fed interest rate hikes

    2 monthes ago - By Stl Today

    WASHINGTON - Wage growth accelerated last month to its best year-over-year rate since 2009 in a strong jobs report released Friday, increasing the likelihood that Federal Reserve officials will keep hiking a key interest rate to head off higher inflation...
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