courtneyk/iStockBy CATHERINE THORBECKE, ABC News
(WASHINGTON) — U.S. employers added 245,000 jobs last month and the unemployment rate slipped to 6.7%, the Department of Labor said Friday.
The fresh economic data shows the labor market clawing its way out of the pandemic-induced downturn, but still far away from a full recovery. The unemployment rate in the U.S. was 3.5% in February before the crisis hit.
Copyright © 2020, ABC Audio. All rights reserved.
Chip Somodevilla/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald
23andMe Founder Anne WojcickiAndrew Harnik/Getty Images (NEW YORK) — A bankruptcy court this week approved the $305 million sale of genetics testing firm 23andMe to a nonprofit organization led by the company’s former CEO Anne Wojcicki, the
Matteo Colombo/Getty Images (NEW YORK) — The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle
Michael M. Santiago/Getty Images (NEW YORK) — The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East. The S&P 500
Celal Gunes/Anadolu Agency via Getty Images (NEW YORK) — Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday. Fresh data shows a sharp increase in the number of
