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A steel worker inspects a 155 mm M795 artillery projectile during the manufacturing process at the Scranton Army Ammunition Plant in Scranton, Pa., Thursday, April 13, 2023. On Thursday, the Commerce Department issues its first of three estimates of how the U.S. economy performed in the first quarter of 2023. (AP Photo/Matt Rourke, File)

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US economy grew at weak 1.1% rate in Q1 in sign of slowdown
By PAUL WISEMAN - AP Economics Writer
Wed,04/26/23-4:57PM , 283 Reads
WASHINGTON (AP) — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
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A hiring sign is displayed at a restaurant in Prospect Heights, Ill., Tuesday, April 4, 2023. On Friday, the U.S. government issues the March jobs report. (AP Photo/Nam Y. Huh)

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US adds a healthy 236,000 jobs despite Fed's rate hikes
By PAUL WISEMAN - AP Economics Writer
Thu,04/06/23-7:30PM , 361 Reads
WASHINGTON (AP) — America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.

The unemployment rate fell to 3.5%, just above the 53-year low of 3.4% set in January.
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People shop at an Apple store in the Westfield Garden State Plaza mall in Paramus, New Jersey, on Saturday, December 17, 2022. On Friday, the Commerce Department issues its February report on consumer spending. (AP Photo/Ted Shaffrey, File)

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A key inflation gauge tracked by the Fed slowed in February
By PAUL WISEMAN - AP Economics Writer
Fri,03/31/23-7:37AM , 340 Reads
WASHINGTON (AP) — The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates.
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An ironworker guides a beam during construction of a municipal building in Norristown, Pa., Wednesday, Feb. 15, 2023. The strength of the American job market has consistently defied expectations throughout the economic tumult of the COVID years. (AP Photo/Matt Rourke)

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US economy sending mixed signals: Here's what it all means
By PAUL WISEMAN - AP Economics Writer
Tue,03/07/23-9:07AM , 448 Reads
WASHINGTON (AP) — Maybe it was just too good to be true.
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