US Economy

US employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates

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Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

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Weekly US applications for jobless benefits slide to lowest level in 5 months

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US recession now expected to begin later than was predicted

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US wage growth slowed in the final quarter of 2022

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US retail sales were flat in July as inflation takes a toll

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As recession fears grow, strong US hiring is likely slowing

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US markets point higher ahead of another busy earnings week

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US employers add a solid 372,000 jobs in sign of resilience

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US inflation hit a new 40-year high last month of 8.6%

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