Fed Sees Interest Rates Staying Near Zero Through 2022, GDP Bouncing To 5% Next Year
The Fed also said it will continue to increase its bond holdings, targeting Treasury purchases at $80 billion a month an... Read more
Here's What Changed In The New Fed Statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous... Read more
U.S. Consumer Prices Post Third Straight Monthly Drop
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the Co... Read more
Mortgage Demand From Homebuyers Amazes Again, Now Up 13% Annually Despite Rising Rates
Rising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers: Applications for loans to pu... Read more
While 21 Million Americans Were Unemployed As Of May, Long-term Joblessness Hasn't Seen An Uptick
The number of Americans unemployed for a long stretch of time has remained steady since the start of the year. Families ... Read more
Job Openings Tumble To Lowest Level In More Than 5 Years
As companies shed record-breaking numbers of employees, the total vacancies plunged to 5.05 million in April. Read more
Big Jobs Gain 'has Bought The Fed Some Time,' But More Help Eventually Will Be Needed
In addition to signaling a possible turn in the economy, the big job gains in May give the Federal Reserve some more wig... Read more
The U.S. Entered A Recession In February, According To The Official Economic Arbiter
"The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy,... Read more
May Sees Biggest Jobs Increase Ever Of 2.5 Million As Economy Starts To Recover From Coronavirus
Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%,... Read more
May's Record Jobs Comeback: Here's Where The Jobs Are In One Chart
CNBC studied the net change in employment by industry for May based on data from the Labor Department. Read more
Unlike During Past Economic Downturns, Americans Have Money In Their Pockets This Time
Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week. Read more
The May Unemployment Rate Is Expected To Be Near 20% As Millions More Lost Jobs
About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment p... Read more
U.S. Productivity Falls At 0.9% Rate In First Quarter
U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, wh... Read more
Jobless Claims, Total Unemployment Level Worse Than Expected
First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists sur... Read more
'The Covid-19 Recession Is Over,' Says Economist Zandi As May Job Losses Not As Bad As Feared
Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could... Read more