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CNBC Economic News

Job creation accelerated in May but is still below lofty expectations

Fri, 06/04/2021 - 07:18
Nonfarm payrolls increased 559,000 in May, below the 671,000 estimate.

Powell says climate change is not a main factor in the Fed's policy decisions

Fri, 06/04/2021 - 05:26
The head of the U.S. central bank said taking on issues related to global warming is more for the government than for the Federal Reserve.

Jobless claims fall below 400,000 for the first time since the early days of the pandemic

Thu, 06/03/2021 - 06:21
First-time filings totaled 385,000, a decline from the previous week's 405,000 and below the estimate of 393,000.

Companies hired nearly a million new workers in May, ADP says

Thu, 06/03/2021 - 05:38
Total hires came to 978,000 for the month, a big jump from April's 654,000 and the largest gain since the 4.35 million added last June.

U.S. inflation is transitory but could become more persistent, says ex-Fed official Dudley

Tue, 06/01/2021 - 22:39
William Dudley, former New York Fed president, predicted that the Federal Reserve will start tapering its asset purchases by the end of this year.

U.S. Treasury Secretary Yellen and China's vice premier talk about cooperation and economic recovery

Tue, 06/01/2021 - 19:31
China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke about how the countries' economic relationship is "very important," state media said.