CNBC - Economy

Fed's Kashkari advocates six-week economic lockdown to defeat the coronavirus

Sat, 08 Aug 2020 18:56:43 GMT

"To be effective, the lockdown has to be as comprehensive and strict as possible," Kashkari and Michael Osterholm wrote.

The jobs report was better than expected, but market worries gains will be fleeting without stimulus

Fri, 07 Aug 2020 16:32:06 GMT

Many of the jobs were added in leisure and hospitality and retail, two areas that were hit hard by shutdowns, and there is concern they could lose ground again in partial shutdowns.

Here's where the jobs are — in one chart

Fri, 07 Aug 2020 15:55:16 GMT

CNBC studied the net change in employment by industry for July based on data from the Labor Department.

Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence

Fri, 07 Aug 2020 14:26:53 GMT

Total nonfarm payrolls increased 1.763 million for the month, and the unemployment rate fell to 10.2%, both better than estimates.

Trump's dream of a 'V' recovery is hanging in the balance of stimulus talks

Thu, 06 Aug 2020 22:14:14 GMT

A persistent inability of Congress and the White House to agree on more rescue funding threatens to push those still reeling from virus-related impacts further down the ladder.

Private payroll growth slows sharply in July amid spike in virus

Thu, 06 Aug 2020 09:23:56 GMT

The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.

The ballooning money supply may be the key to unlocking inflation in the U.S.

Wed, 05 Aug 2020 21:36:08 GMT

Investors are keeping a close eye on a surge in the U.S. money supply for signs of inflation's long-awaited return.

Fed's Mester calls on Congress for pandemic recovery help, says 'downside risks' to the economy ...

Wed, 05 Aug 2020 21:17:02 GMT

Mester called Wednesday for more help from Congress and said the central bank stands at the ready to provide whatever resources it can to help an economy at risk from rising coronavirus cases.

Fed Vice Chair Clarida still sees the economy staging a comeback this year

Wed, 05 Aug 2020 15:08:13 GMT

The central bank's director of bank supervision said he hasn't changed his forecast despite a swell in Covid-19 cases that has caused a general slowing in resumption of activities

Mortgage rates set another record low, but borrowers take a step back

Wed, 05 Aug 2020 14:14:23 GMT

Even with another record low mortgage rate, mortgage application volume decreased 5.1% last week, according to the Mortgage Bankers Association.

Home prices see strong June bounce, but economists warn it likely won't last

Tue, 04 Aug 2020 14:25:02 GMT

Home prices in June saw their strongest monthly rise in seven years, spurred on by strong buyer demand and record low mortgage rates. Forecasters, however, say the gains will start to moderate soon, and prices could end up slightly lower by June 2021.

The record-setting jobs comeback looks like it could be coming to an abrupt halt

Mon, 03 Aug 2020 22:05:02 GMT

Spiking coronavirus cases and rollbacks of reopenings in multiple states present roadblocks to continued aggressive gains in jobs.