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Construction workers work on a building in Philadelphia, Wednesday, Dec. 21, 2022. America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation. (AP Photo/Matt Rourke, File)

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Cooler hiring and milder pay gains could aid inflation fight
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,01/05/23-6:10PM , 107 Reads
WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the
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A hiring sign is displayed at a restaurant in Rolling Meadows, Ill., Tuesday, Dec. 27, 2022. (AP Photo/Nam Y. Huh)

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Applications for US unemployment aid rose slightly last week
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,12/29/22-7:49AM , 87 Reads
WASHINGTON (AP) — The number of people seeking unemployment benefits rose only slightly last week with the labor market remaining strong despite the Federal Reserve's efforts to cool the economy and hiring.
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Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington. (AP Photo/Jacquelyn Martin)

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Fed raises key rate by half-point and signals more to come
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,12/13/22-7:11PM , 55 Reads
WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing.
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People shop for fruits and vegetables at S. Katzman Produce at the Hunts Point Produce Market on Tuesday, Nov. 22, 2022, in the Bronx borough of New York. On Tuesday, Dec. 13, the Labor Department reports on U.S. consumer prices for November. (AP Photo/Andres Kudacki, File)

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A slowdown in US inflation eases some pressure on households
By CHRISTOPHER RUGABER - AP Economics Writer
Mon,12/12/22-6:56PM , 61 Reads
WASHINGTON (AP) — Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.
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