Economy

US employers are hiring briskly even in face of rate hikes

The Associated Press WASHINGTON (AP) - America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Hiring was brisk across industries,…

US economy returned to growth last quarter, expanding 2.6%

The Associated Press 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 in…

As the causes of US inflation grow, so do the dangers

WASHINGTON (AP) - What keeps driving inflation so high? The answer, it seems, is nearly everything. Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed out of the pandemic recession two years ago.…

US inflation slows from a 40-year peak but remains high

WASHINGTON (AP) - Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June. Consumer prices jumped 8.5%…

US inflation surges again in June, raising risks for economy

WASHINGTON (AP) - Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve. Consumer prices…

Economists predict major growth trends for state economy

By WVUA 23 Digital Reporter Kyrsten Eller Alabama’s economy could see an increase in growth this year as the state continues to reopen commerce in the wake of COVID-19, according to researchers at The University of Alabama. UA economists predict…