Labor economy

Labor Secretary Alex Acosta, right, accompanied President Donald Trump, left, speaks to members of the media on the South Lawn of the White House in Washington, Friday, July 12, 2019, before Trump boards Marine One for a short trip to Andrews Air Force Base, Md. and then on to Wisconsin. Trump says Labor Secretary Alex Acosta to step down, move comes in wake of handling of Jeffrey Epstein case. (AP Photo/Andrew Harnik)
July 12, 2019 - 6:26 pm
WASHINGTON (AP) — Adding to the lengthy list of departures from President Donald Trump's Cabinet, Labor Secretary Alexander Acosta said Friday he's stepping down amid the tumult over his handling of a 2008 secret plea deal with wealthy financier Jeffrey Epstein, who is accused of sexually abusing...
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Federal Reserve Chair Jerome Powell presents the monetary policy report to the Senate Banking Committee, July 11, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 11, 2019 - 3:34 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, said Thursday that the economy is in a "very good place" despite headwinds and that the Fed is prepared to do what it can to "keep it there." Powell's comments before the Senate Banking Committee...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 7:23 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 7:20 p.m. Testimony by Chairman Jerome Powell to a House Committee about the economic outlook led investors to send stock prices up, bond...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 4:12 pm
WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade. Delivering the central bank's semiannual...
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FILE - In this June 18, 2019, file photo specialist Dilip Patel works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 10. (AP Photo/Richard Drew, File)
July 10, 2019 - 3:35 pm
Technology companies helped push U.S. stocks higher Wednesday afternoon, placing the Nasdaq composite on track for an all-time high. The gains kicked off early as Wall Street welcomed new signals from the Federal Reserve that the central bank is ready to cut interest rates for the first time in a...
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In this Monday, July 1, 2019 photo, a help wanted sign appears on a bus stop in front of a McDonald's restaurant in Miami. On Tuesday, July 9, the Labor Department reports on job openings and labor turnover for April. (AP Photo/Wilfredo Lee)
July 09, 2019 - 11:22 am
WASHINGTON (AP) — Job openings posted by U.S. employers slipped 0.7% in May, while hires that month tumbled 4.4% in a sign that the job market may be cooling slightly. The Labor Department said Tuesday that employers posted 7.3 million jobs in May. They hired 5.7 million, down from the record 6...
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In this June 18, 2019, photo a man pulls a grocery cart as he walks in the rain past the stock ticker scroll board, showing a strong daily gain in the Dow Jones, outside Fidelity Investments in the Financial District of Boston. According to a survey by The Associated Press-NORC Center for Public Affairs Research, Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs (AP Photo/Charles Krupa)
July 09, 2019 - 8:28 am
WASHINGTON (AP) — Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 08, 2019 - 8:45 am
LONDON (AP) — Global stock markets recovered their poise Monday after a big sell-off in Asia in the wake of unexpectedly strong U.S. employment data tempered hopes the Federal Reserve will aggressively cut interest rates. Fed leaders have indicated they are ready to cut rates to support economic...
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A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Monday, July 8, 2019. Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. (AP Photo/Lee Jin-man)
July 07, 2019 - 11:38 pm
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a...
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In this Tuesday, June 4, 2019 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. On Friday, July 5, the U.S. government issues the June jobs report. (AP Photo/Wilfredo Lee)
July 05, 2019 - 11:20 am
WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve...
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