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Soaring prices of goods such as new cars, gas, groceries and home furnishings drove U.S. inflation to a 40-year high. Now rising wages could make it harder... → Read More
The cost of wholesale goods and services rose milder 0.5% in April vs the prior month, but intense inflationary pressures in the guts of the economy showed... → Read More
The U.S. posted a budget surplus of $308 billion in April --- the largest on record --- owing to a big increase in federal taxes and lower spending after the... → Read More
Inflation is everywhere now --- and almost no part of the economy has been left untouched. → Read More
The yearly rate of U.S. inflation fell to 8.3% in April to mark the first decline in eight months, but the upward pressure on prices is unlikely to ease... → Read More
The size of the U.S. work force shrank in April for the first time in seven months. A sign the tightest labor market in decades is getting worse? A bad omen... → Read More
The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage is driving wages sharply higher and threatening to add to the highest inflation... → Read More
The productivity of American workers and businesses sank at an 7.5% annual pace in the first quarter --- the biggest drop since 1947 --- in a reflection of... → Read More
The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of... → Read More
Businesses have record job openings, but it's hasn't been easy to hire because of a shrinking pool of available workers and an unprecedented number of people... → Read More
An ISM barometer of business conditions at service-oriented companies such as banks, retailers and hospitals fell 1.2 points in April to 57.1% and signaled... → Read More
The U.S. trade deficit leaped 22% in March and topped $100 billion for the first time ever, reflecting a big appetite among Americans for foreign goods.... → Read More
U.S. job openings climbed to a record 11.55 in March, while the number of people quitting also hit an all-time high — more signs of a tight labor market. → Read More
The ISM barometer of American factories fell 1.7 points to 55.4% in April and showed the industrial side of the economy grew at the slowest clip in 18... → Read More
The final reading of U.S. consumer sentiment in April slipped to 65.2, but it still marked the highest reading in three months and the first increase this... → Read More
Consumer spending rose a sharp 1.1% in March, but the increase barely outpaced another surge in inflation as Americans confront the biggest price increases... → Read More
The Federal Reserve's preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there... → Read More
The surprising contraction in the U.S. economy in the first quarter has been written off by Wall Street as a misleadingly weak number that in no way signals... → Read More
The U.S. economy is forecast to grow 1% in the first quarter based on gross domestic product, analysts polled by The Wall Street Journal estimate. Some even... → Read More
The U.S. economy likely laid an egg in the first quarter, based on the official scorecard for growth known as gross domestic product. But look past the... → Read More