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Economy added 175,000 jobs in April: The key facts and figures

The economy added 175,000 jobs in April, and the unemployment rate rose a tenth of a percentage point to 3.9%, the Bureau of Labor Statistics reported Friday.

United statesJoe bidenBureau of labor statisticsFederal reserveFederal reserve bankLabor statisticsAllianz trade americasPresident joe bidenSahm rule

Economy crushes expectations with 303,000 new jobs in March

The economy once again defied expectations in February and added more jobs, good news for the economy and for President Joe Biden.

United statesWhite houseDistrict of columbiaJoe bidenSimona mocutaBureau of labor statisticsFederal reserveGroup fedwatchLabor statisticsPresident joe bidenAllianz trade americasState street global

Inflation dropped to 3 1% in January but still hotter than expected

Inflation fell three-tenths of a percentage point to 3.1% for the year ending in January, the Bureau of Labor Statistics reported Tuesday, a sign that price pressures are abating, but still a higher reading than anticipated. Economists had anticipated that inflation would cool to 2.9%, so Tuesday's report showed less improvement than officials at the Federal

United statesWhite houseDistrict of columbiaJerome powellJoe bidenGroup fedwatchFederal reserveBureau of labor statisticsLabor statisticsPresident joe bidenAllianz trade americasWashington examinerFed chairman jerome

Defying Expectations, US Economy Surged at End of 2023

The U.S. economy grew at a robust 3.3% annual rate in the final quarter of 2023, according to government data released Thursday, pushing the growth rate for the full calendar year to 2.5%. The numbers exceeded expectations — experts surveyed by Bloomberg were expecting to see 2.0% growth in the fourth quarter — capping off a year in which the economy consistently outperformed. While growth declined from the 4.9% rate recorded in the third quarter, it remained impressively vigorous as the economy

New yorkUnited statesBrian roseJason furmanMark zandiPaul krugmanAmerica michael gapenNew york timesFederal reserveAdan northAllianz trade americasDiane swonkDiane swonkCore inflationState and local government

Improving indicators raise expectations for economic outlook

Improving indicators raise expectations for economic outlook
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United statesDoug baileySteve rickFederal reserveCommerce departmentMutual groupAdan northAllianz trade americasChief economist