Alicia Wallace

The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday.

An annual update to federal data shows that prices haven’t been rising as fast as previously thought; however, inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks.

US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy.

The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at 4.1%, new data from the Bureau of Labor Statistics showed Friday.

The August jobs report is due out on Friday morning, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%.

Young people are embracing “grandma hobbies” and flocking to in-person events at a time when artificial intelligence encroaches on many aspects of life.

US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday.

Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead.

More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday.

A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.