Economy of the United States

Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, July 15, 2014, before  the Senate Banking Committee. Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.  (AP Photo/J. Scott Applewhite)

Yellen says economy still needs Fed support

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve […]


In this Thursday, June 12, 2014 photo, Desirae Gooch, left, fills out an application for a nurse's assistant job, alongside other job seekers filling out applications at the Cleveland Career Fair in Independence, Ohio.  (AP Photo/Tony Dejak)

US companies post most jobs in 7 years in May

WASHINGTON (AP) — U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year’s strong hiring trend is likely to continue. More Americans also quit […]


Penny and Phil Sound Bite US employers accelerated their hiring last month

The stock market is in record territory and now the new jobs report seems to show traction for the economic recovery. Penny and Phil discussed the details and also got some analysis from‘s Mark Hamrick:  


(AP Photo)

US employers added robust 288k jobs in June

WASHINGTON (AP) – Hiring over the past five months has been the strongest since the late 1990s tech boom as the economy added 288,000 jobs in June and the unemployment rate fell to 6.1 percent […]


Job seekers  in Rolling Meadows, Ill. (AP Photo/M. Spencer Green)

32 states trail US as a whole in job recovery

WASHINGTON (AP) — Five years after the Great Recession officially ended, most states still haven’t regained all the jobs they lost, even though the nation as a whole has. In May, the overall economy finally […]


FILE - In this Friday, Nov. 23, 2012 file photo, a cashier hands a customer his change and receipt during a transaction at a Sears store, in Henderson, Nev. (AP Photo/Julie Jacobson, File)

Steady job growth boosts US consumer confidence

WASHINGTON (AP) — Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy’s dismal first quarter performance. The University of Michigan said Friday that its index of consumer sentiment rose […]


(AP Photo)

US economy shrank at steep 2.9 percent rate in Q1

WASHINGTON (AP) – The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five […]


(AP Photo)

Study: Recession and recovery widen US wealth gap

WASHINGTON (AP) — The Great Recession and the slow recovery have sharply widened the gap between the wealthiest Americans and everyone else, according to a study that underscores the unevenness of wealth gains since the […]


June 23, 2014 - recruiter Christina O, with New Western Acquisitions, left, take Raheem Shaw's resumé during a job fair. (AP Photo/Matt Rourke)

Why a grim US economic picture is brightening

WASHINGTON (AP) — When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even. The economy likely shrank at an annual […]


In this Thursday, March 27, 2014 photo, John Pittenger tosses up a pizza dough at the Whole Foods Market in Woodmere Village, Ohio. (AP Photo/Tony Dejak)

Cheaper gas, food push down US producer prices

WASHINGTON (AP) — The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild. The producer price index, which measures the cost of goods and services before […]


In this April 15, 2014 photo, Evelyn Morales assembles blender blades at the Vitamix manufacturing facility in Strongsville, Ohio. (AP Photo/Mark Duncan)

Survey: Growth to pick up, hiring steady

WASHINGTON (AP) — U.S. economic growth should accelerate in the second quarter and remain healthy for the rest of this year, according to a forecast by a group of U.S. business economists. Still, growth for […]


In this April 23, 2014 photo, Luke Gill, of Quicken Loans, left, talks with job candidate Jasmine Boykins at a job fair at the Matrix Center in Detroit. (AP Photo/The Detroit News, David Coates)

US employers add jobs at pace not seen since 1999

WASHINGTON (AP) — For the first time since 1999, American employers have added more than 200,000 jobs a month for four straight months, offering more evidence that the U.S. economy is steadily growing while much […]