The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
Category: United States Economy
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Consumer Spending, Engine of the U.S. Economy, Is Under Strain
Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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Blue Collar Work Has Plateaued, Narrowing Options for Young Workers
Skilled electricians, plumbers and factory workers are in demand, but job openings have dropped.
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March Jobs Report Shows Stronger U.S. Market Than Expected With 178,000 New Positions
Payrolls expanded and unemployment dropped last month after a health care strike ended and a harsh winter abated.
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Strong Jobs Numbers Make the Fed’s Job Easier
Robust job growth in March suggests that the labor market remains relatively healthy, allowing officials at the central bank to focus on fighting inflation.
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Economists Are Drawing Stronger Connections Between A.I. and Jobs
Artificial intelligence hasn’t disrupted the labor market, economists say, but they are increasingly convinced that it will — and that policymakers are unprepared.
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Jobs and Workers Are In Balance. Nobody Is Happy About It.
Lower immigration has brought labor supply in line with shaky demand, but economists worry that such a slow-moving job market is at risk of toppling over.
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Rival Nations Seize On Choke Points to Counter Trump
From Iran to China, President Trump’s global aggression has encouraged other countries to search for new ways to pressure the U.S. economy.