Economy News Decaying Jobs Market Overtakes Inflation As U S Economy’s Biggest Threat

ADP says U.S. economy loses jobs for third time in four months. Fed to weigh weak labor market in rate-cut vote.

Privately run businesses eliminated jobs in November for the third time in four months, pointing to a broad slowdown in hiring that threatens to nudge unemployment higher and chip away at the economy. Read More

Private Employers Cut Jobs in November, the Latest Sign of a Slowdown

Data from ADP, a payroll processor, is getting added attention because of delays in official statistics caused by the government shutdown. Read More

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Americans plan to spend big this holiday season even as they fret about the economy, Visa finds

Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new ... Read More