July US jobs report is expected to point to hiring slowdown

WASHINGTON (AP) — Just how severely has the resurgence of the coronavirus pummeled the U.S. economy? The jobs report for July being released Friday will provide the clearest answer yet. ...

Fed should address racial gaps in jobs, income, Dems propose

A group of congressional Democrats introduced legislation Wednesday that would require the Federal Reserve to pursue the elimination of racial disparities in jobs, wealth and income as one of its poli...

Gone for good? Evidence signals many jobs aren't coming back

WASHINGTON (AP) — Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed s...

Survey: US companies cut back sharply on hiring in July

U.S. businesses sharply reduced hiring last month suggesting that the resurgent viral outbreak this summer slowed the economic recovery as many states closed parts of their economies again and consume...

Wages and benefits grow at slowest pace in 3 years

WASHINGTON (AP) — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the c...

Fed extends lending programs as pandemic's impact lengthens

WASHINGTON (AP) — The Federal Reserve will extend seven of its emergency lending programs through the end of the year, an acknowledgement that the programs may be necessary for longer than was first t...

Fed wrestles with its next moves as virus stalls US economy

WASHINGTON (AP) — Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when the raging viral pandemic has weakened the U.S. economy. ...

As Congress fights, analysts warn economy needs help now

WASHINGTON (AP) — As Congress and the White House resume their efforts to agree on a new economic aid package, evidence is growing that the U.S. economy is faltering. And so is concern that the govern...

Many more likely sought jobless aid as virus surges back

WASHINGTON (AP) — With the nation gripped by an alarming resurgence of coronavirus cases, the U.S. government will provide its latest report Thursday on the layoffs that have remained stuck at an elev...

Senate panel now likely to back questionable Trump Fed pick

WASHINGTON (AP) — In a shift, the Senate Banking Committee is likely to back President Donald Trump's unconventional nomination of Judy Shelton for the Federal Reserve's Board of Governors in a party-...

Federal Reserve expands lending program to nonprofit groups

WASHINGTON (AP) — The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. Th...

Demand for jobless aid high, even as economy slowly picks up

WASHINGTON (AP) — Unemployment remains painfully high in the U.S. even as economic activity slowly picks up. That reality will be on display Thursday morning when the U.S. governmen...

Fed' Brainard warns US economy may slow, urges more support

WASHINGTON (AP) — Federal Reserve Governor Lael Brainard warned Tuesday that the U.S. economy appears to be slowing after an initial burst of recovery and called for the Fed to take aggressive steps t...

Fed buys more corporate bonds but may soon end purchases

WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can bo...

Many more likely sought jobless aid as virus surges back

WASHINGTON (AP) — The U.S. government will provide its latest snapshot Thursday of the layoffs that have remained stuck at an elevated weekly pace above 1 million since the coronavirus erupted in Marc...