Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term
As economists pointed to some of the president’s policies to explain the latest Labor Department data, White House aides sought to make the case for optimism in the new year.
What to know about the report.
Data on the labor market in December will be closely watched for clues on the state of the economy.
December’s Jobs Data Reinforces Fed’s Cautious Approach to Future Cuts
For the central bank to lower interest rates again, officials will likely need to see more notable signs that unemployment is rising.
European Union Agrees to Landmark Free-Trade Deal With South America
The agreement with Argentina, Brazil, Paraguay and Uruguay represents a push for deeper global cooperation, in contrast to the United States turning to coercion in its dealings with other countries.
Nicolai Tangen Manages Trillions of Dollars, but His Podcast Made Him Famous
Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle.
U.S. Trade Deficit Fell to Lowest Level Since 2009, Latest Data Show
The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on foreign imports.
Minimum Wage Rises in Some States as Workers Struggle With Basic Costs
This year, for the first time, more Americans will earn a minimum wage of $15 per hour or higher than will earn the federal minimum of $7.25 per hour.
New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
Supreme Court Increasingly Favors the Rich, Economists Say
A new study found that the court’s Republican appointees voted for the wealthier side in cases 70 percent of the time in 2022, up from 45 percent in 1953.