The Bureau of Labor Statistics’ June jobs report, which will be released on Thursday at 8:30 a.m. ET, is expected to show that the recent trend of stable hiring continued for a fourth straight month, but that wage growth remains below inflation. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As … Read more
Economists expect a key inflation gauge set to be released on Wednesday to show that U.S. consumer prices in May rose at their fastest pace in more than three years. The Consumer Price Index is forecast to have risen last month at an annual rate of 4.2%, up from 3.8% in April, according to economists … Read more
Against all odds, the U.S. job market is in a good place. Employers added 172,000 jobs in May, blowing past analyst forecasts and sustaining the healthy pace of payroll gains from the two prior months. Average monthly job growth from March through May has tripled from roughly 63,000 a year ago to nearly 190,000 this spring. … Read more
NEW YORK — Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months. Nearly half of American business economists who responded to a survey by the National Association for … Read more
In the eight weeks since the Iran war started, the conflict has driven gas prices above $4 a gallon, strained homebuyers and pushed inflation to its highest level in nearly two years. Even if the war ends soon, Americans are likely to feel the financial sting for months, economists say. “I think the damage has already been done, … Read more
NEWYou can now listen to Fox News articles! A year ago today, President Donald Trump announced a sweeping new round of global tariffs, escalating trade tensions with key allies and adversaries alike, raising fresh concerns about the outlook for the U.S. and global economy. The “Liberation Day” tariffs were introduced as a broad set of … Read more
The Iran war is adding fresh pressure to a slowing U.S. labor market, with at least one major employer already freezing hiring plans. Consumer goods giant Unilever, which owns brands such as Dove and Vaseline, told CBS News on Tuesday that it’s hitting the brakes on hiring amid an unstable economic backdrop. In a memo … Read more
The Iran war raises the risk that the U.S. will tumble into a recession within the next 12 months, according to economists and Wall Street analysts. Goldman Sachs analysts this week estimated that higher global energy prices would boost U.S. inflation by 0.2 percentage points to 3.1% by the end of the year, putting a … Read more
NEWYou can now listen to Fox News articles! President Donald Trump’s latest push to slash prescription drug prices promises relief at the pharmacy counter, but behind the headline savings lie trade-offs that could reshape how drugs are developed, priced and delivered in the United States. To deliver on that promise, the administration has rolled out … Read more
NEWYou can now listen to Fox News articles! New Yorkers could be facing a “one-two wealth destruction punch” if Mayor Zohran Mamdani’s rent freeze and tax hikes take effect, economists warn. Mamdani’s housing plan, a campaign promise aimed at addressing affordability, includes an immediate freeze on roughly 2 million rent-stabilized apartments. Separately, his broader $127 billion … Read more