US jobless claims aid fall to 751,000, virus resurges

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high and indicates the viral pandemic is still fo...

Blowout US economic growth in summer is already fading

WASHINGTON (AP) — Americans may feel whiplashed by a report Thursday on the economy's growth this summer, when an explosive rebound followed an epic collapse. The government will li...

Bleak outlook without stimulus: More layoffs, anemic growth

WASHINGTON (AP) — President Donald Trump's move Tuesday to cut off talks on another government aid package will further weaken an economy straining to recover from an epic collapse, economists say, an...

Fed's Powell: Lack of further stimulus imperils recovery

WASHINGTON (AP) — Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Ch...

US hiring likely slowed in September for 3rd straight month

WASHINGTON (AP) — A critical snapshot of the job market and the economy to be released Friday is expected to show a further deceleration in hiring as the nation's viral caseload creeps higher and as g...

Healthy US economy failed to narrow racial gaps in 2019

WASHINGTON (AP) — The solid growth that the United States enjoyed before the viral pandemic paralyzed the economy this spring failed to reduce racial disparities in Americans' income and wealth from 2...

Powell: Many small companies can borrow without Main Street

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able to borrow from banks, suggesting that the need for a Fed lending program that was designed to...

US household wealth hits record even as economy struggles

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the ...

Federal Reserve adjusts inflation target, rate unchanged

WASHINGTON (AP) — The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways that will likely keep short-term interest r...

August jobs report likely to point to a still-slow recovery

WASHINGTON (AP) — The United States keeps regaining more of the jobs that vanished when the viral pandemic flattened the economy early this spring. Yet so deep were the layoffs that began in March tha...

Survey: US companies added just 428,000 jobs last month

WASHINGTON (AP) — U.S. companies added jobs at a modest pace last month, a private survey found, a sign that while hiring continues, it is only soaking up a relatively small proportion of the unemploy...

Zuckerberg says Facebook erred in not removing militia post

WASHINGTON (AP) — Facebook made a mistake in not removing a militia group's page earlier this week that called for armed civilians to enter Kenosha, Wisconsin, amid violent protests after police shot ...

Many likely sought jobless aid after federal benefit lapses

WASHINGTON (AP) — The government will provide its latest snapshot Thursday of the pace of layoffs in the United States, which have declined steadily but remain stuck at a high level with the economy s...

Fed officials worried about withdrawal of government support

WASHINGTON (AP) — U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve official...