Latest Headlines in Economy
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.
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.
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.
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.
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.
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.
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.
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.