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Latest Headlines in Economy

A Social Security card.

Social Security checks to increase by 5.9 percent, as inflation fuels largest COLA for retirees in nearly 40 years

With the increase, the estimated average Social Security payment for a retired worker will be $1,657 a month next year.

Brown University president Christina H. Paxson will the lead the search for a new Federal Reserve Bank of Boston president.

Boston Fed starts search for new president, vows diverse candidate pool

It’s looking to fill a key opening created by Eric Rosengren’s early retirement.

A help wanted sign posted outside of Dunkin' Donuts in Downtown Crossing.

US employers added only 194,000 jobs in September as Delta kept its grip on the economy

Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.8 percent from 5.2 percent in August.

A "Now Hiring" sign stands outside a restaurant in Virginia on August 12.

US weekly jobless claims dropped to 326,000 last week

The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year’s coronavirus recession.

Jasper Hoitsma, operations manager at Clover, speaks to a woman about a part time position at the restaurant.

US initial jobless claims unexpectedly rise for a third week

Initial unemployment claims in regular state programs rose to 362,000 in the week ended Sept. 25, led by another surge in California, Labor Department data showed Thursday.

A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on Sept. 21 in Hallandale, Florida.

US weekly jobless claims rise as Delta variant hangs over a rebounding economy

The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000.

Fed Chair Jerome Powell said that Fed officials expect the economy to continue to grow.

Federal Reserve signals it may soon slow bond purchases

The central bank sent a clear signal that policymakers are preparing to pivot away from full-blast monetary help as the business environment snaps back from the pandemic shock.

People walk by the New York Stock Exchange.

Stocks drop the most since May on worries over China, Fed

US stocks saw their biggest drop since May amid worries about debt-engorged Chinese property developers and possible moves by the Federal Reserve. The S&P fell by 1.7 percent and the Dow by 614 points or 1.8 percent.