As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.
An influx of immigrants helped ease worker shortages, and now their expulsion is helping to mask the country’s weakening demand for labor.
Trade rebounded slightly after President Trump’s sweeping global tariffs discouraged foreign countries from doing business with the United States, data released Thursday showed.
The president and his advisers have suggested they will fight a federal appeals court’s ruling that found many of the administration’s tariffs to be illegal.
World Liberty Financial’s cryptocurrency token fell short of investors’ hopes. But a previous deal paved the way for a payment to the Trump family of potentially hundreds of millions of dollars.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
President Trump’s attempt to fire Lisa Cook has laid bare the erosion of the Federal Reserve’s independence, which could lead to economic consequences for Americans, The New York Times’s chief economics correspondent explains.
The president’s steep tariffs and erratic moves have turned manufacturing abroad into a minefield, even for entrepreneurs who set up in countries viewed as safe alternatives to China.
Leaders in Britain and the European Union are promoting the promise of economic benefits from increased military spending, but there is a trade-off.