U.S. adds solid 295,000 jobs but wages lag

Mar 7, 2015

U.S. adds solid 295,000 jobs but wages lag

A burst of hiring in February underscored the resilience and confidence of U.S. businesses, which are adding workers at the fastest pace in 17 years. Yet the strong job gains did little to raise wages last month. U.S. employers added 295,000 jobs, the 12th ...

Inflation rate slowest since war on falling prices began

Feb 27, 2015

Inflation rate slowest since war on falling prices began

The inflation rate has fallen to its lowest level since just after the Abe administration launched its high-profile offensive aimed at conquering years of falling prices and tepid growth, data showed Friday. The disappointing figures — weighed down by weak consumer spending and falling ...

Yellen reiterates patience is still the watchword for the Fed

Feb 25, 2015

Yellen reiterates patience is still the watchword for the Fed

Federal Reserve Chairwoman Janet Yellen said Tuesday the U.S. economy is making steady progress, but that for now the Fed will remain patient about raising interest rates because the job market is still healing and inflation is too low. In her semiannual economic report ...

Feb 25, 2015

U.S. to let spouses of highly skilled immigrants work

The Obama administration on Tuesday announced a visa rule revision that will let spouses of some highly skilled immigrants apply to work in the United States starting this year. Leon Rodriguez, director of U.S. Citizenship and Immigration Services, said the change will encourage more ...

Feb 25, 2015

U.S. consumer confidence slides after big January gain

U.S. consumers are feeling a bit less confident this month, but their spirits are still at the highest levels since before the Great Recession. The Conference Board reported Tuesday that its consumer confidence index dropped this month to 96.4 from a revised 103.8 in ...