Published: Mar 18, 2021
WASHINGTON - The Federal Reserve expects the U.S. economy to grow at its fastest pace in four decades this year as the unemployment rate falls to 4.5%, according to projections released Wednesday.
Published: Feb 11, 2021
Federal Reserve Chair Jerome Powell said Wednesday that the real unemployment rate in January was "close to 10 percent," significantly higher than the 6.3% rate reported by the Department of Labor last week.
Published: Sep 04, 2020
WASHINGTON - The U.S. economy added 1.4 million jobs in August, sending the unemployment rate below 10% for the first time since the pandemic began, a glimmer of good news as the pandemic continues its march across the country.
Published: Jun 06, 2020
The federal unemployment rate dropped in May for the first time since the coronavirus sent the economy into a tailspin, the strongest sign yet that the economic damage is bottoming out - although 21 million people remain out of work.