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Today’s Date
6 February 2023
PAUL WISEMAN, AP Economics Writer
U.S. Economy Growth Rate Slows to 2.9%
by
PAUL WISEMAN, AP Economics Writer
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Jan 26, 2023
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s estimate...
U.S. Revises 3rd Quarter Economic Growth Rate
by
PAUL WISEMAN, AP Economics Writer
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Nov 30, 2022
WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last...
Unemployment Claims Highest Since August
by
PAUL WISEMAN, AP Economics Writer
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Nov 23, 2022
WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards. The Labor Department reported Wednesday that 240,000 people applied for jobless...
U.S. Economy Grew 2.6% Last Quarter
by
PAUL WISEMAN, AP Economics Writer
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Oct 27, 2022
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections...
Unemployment Claims Rise By 14,000
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PAUL WISEMAN, AP Economics Writer
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Aug 11, 2022
WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength. Applications for jobless...
U.S. Economy Shrinks for 2nd Straight Quarter
by
PAUL WISEMAN, AP Economics Writer
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Jul 28, 2022
WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that...
Fed’s Rate Hike Raises Likelihood of Recession
by
PAUL WISEMAN, AP Economics Writer
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Jun 16, 2022
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing...
Worry About Stagflation Begins to Grow
by
PAUL WISEMAN, AP Economics Writer
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Jun 8, 2022
WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed...
U.S. Added 428K Jobs Despite Inflation
by
PAUL WISEMAN, AP Economics Writer
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May 6, 2022
WASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs...
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