US Economy

The spring housing market is shaping up to be the leanest and most competitive ever.

Employment statistics for women of color were not only more severe when the Covid-19 pandemic began, but are more sluggish in improving.

“The economy and the labor market are still far away from where they ultimately need to be,” Goldman’s Jan Hatzius told CNBC.

Powell said he expects some inflationary pressures in the time ahead but they likely won’t be enough to spur the central bank to hike interest rates.

First-time claims for unemployment benefits totaled 750,000 last week, up from 736,000 the week before but below the 750,000 estimate.

Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones.

Mortgage interest rates rose at the fastest pace last week in over a year, throwing cold water on already cooling demand.

The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations.

A group of Democrats want sustained direct stimulus checks and unemployment support tied to economic conditions in President Biden’s recovery plan.

Democrats are shelving their plans for a $15 federal minimum wage for now. The current minimum, $7.25, isn’t a living wage for full-time workers in any state.

While the Fed may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon.

Rising interest rates that shook investors are well short of anything that poses a broader threat to the market, according to Goldman.

House Democrats approved their $1.9 trillion coronavirus relief bill as the party tries to get the rescue package to President Joe Biden.

Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.

Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.

A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.

First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.

The outage impacted multiple Fed services, including its pivotal automated clearinghouse system.

Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.