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US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
‘No hire’ job market leaves unemployed in limbo as threats to economy multiply
Despite low unemployment, job seekers face the slowest hiring pace in over a decade as economic uncertainty, tariffs and AI fears stall recruitment.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
The government shutdown has delayed September’s jobs report, forcing economists and the Fed to rely on private data to gauge hiring trends.
Shutdown halts key economic data as Fed weighs rate cuts
The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.
D.C.-area leaders launch initiative to help laid-off federal workers
Talent Capital, a website launched Wednesday, aims to help laid off federal workers find jobs and keep them in the Greater Washington region.
US consumer confidence falls on inflation, weak jobs
Job openings stayed at 7.23M in August as hiring slowed. Layoffs eased but quits fell amid Fed cuts, trade tensions, and shutdown risk.
Federal job cuts ripple through Northern Virginia
Trump’s federal job cuts are hitting Northern Virginia hard, with layoffs, stalled contracts, rising unemployment and a softening housing market.
Trump’s workforce purge batters DC’s job market and leads to rise in homes for sale, report finds
A Brookings report shows DC’s job market weakening as Trump’s federal workforce cuts push unemployment to the highest rate in the nation.
Powell signals Federal Reserve to move slowly on interest rate cuts
Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.
US inflation worsened last month as the cost of gas, food and airfares jumped
WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding […]
New data shows the US job market was much weaker than thought in 2024, and this year as well
WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every year. […]
