An employee helps a guest at the Waldorf Astoria in New York City.Getty ImagesU.S. service companies grew at a faster pace in October after sinking to a three-year low in September.The Institute for Supply Management, an association of purchasing managers, reported Tuesday that its service index grew to...
American workers were unexpectedly less productive during the third quarter, with growth in their output failing to keep up with hours worked.The Labor Department said on Wednesday nonfarm productivity, which measures hourly output per worker, fell at a 0.3% annualized rate between July and September, the biggest decline...
President Donald Trump's attacks on the Federal Reserve and its chairman, Jerome Powell, are an abuse of power and represent a "big mistake" for the administration, 2020 Democratic presidential front-runner Joe Biden said in an interview with CNBC."I'm not going to get into the personalities, but I do say...
The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday.Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job...
The November 2019 employment report showed U.S. companies added way more jobs than expected during the month as mammoth gains in health care and social services — as well as a bounce in manufacturing hiring — ushered labor statistics higher.The government reported Friday that payrolls increased by 266,000,...
The trade war is taking its toll on the job market, but the trend may not be so clear in Friday's employment report as GM workers return to their jobs following a strike.Even as the U.S. grew sluggishly in many of the years since the financial crisis, the...
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing.Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended...
The use of robots in U.S. workplaces has more than doubled since the Great Recession, but the impact has hit certain areas of the country — and segments of workers — more than others.A recent report from The Century Foundation found Midwestern states such as Michigan, Ohio, Indiana,...
Cargo ships sit docked at the Port of Savannah in GeorgiaTy Wright | Bloomberg | Getty ImagesThe U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid for the month, the Commerce Department said Thursday.The deficit tumbled...
Home sales will drop, the housing shortage could become the worst in U.S. history, and home values will shrink in some cities. That's the 2020 forecast from realtor.com, which holds one of the largest databases of housing statistics available.Sales of existing homes will fall 1.8% from 2019, according...