CNBC Economy

The change in emphasis for fiscal stimulus in the U.S. under President Joe Biden has effectively signaled "the end of Reaganomics," according to Embark Group CIO Peter Toogood.

The Labor Department on Thursday reported that first-time filings for unemployment insurance in the week ended March 6 totaled 712,000.

The recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could benefit shrinks.

The firm projects an unemployment rate of 4.1% that could be even lower depending on just how powerful the recovery gets.

Moody Analytics’ Mark Zandi warns the economic recovery will unleash strong inflationary pressures.

February's much stronger-than-expected job growth could the be start of a period of much stronger hiring, as the economy reopens.

The battered leisure and hospitality sector, which includes hotels and restaurants, saw the largest gain by far at 355,000 added.

The U.S. Federal Reserve won't step in to temper rising inflation any time soon, market watchers have said, despite surging yields that have roiled global stock markets.

Nonfarm payrolls increased by 379,000 in February, much better than the projected 210,000, and the unemployment rate dipped to 6.2%.

Hiring likely improved in February, but winter weather could have hampered some activity.

First-time claims for unemployment benefits totaled 750,000 last week, up from 736,000 the week before but below the 750,000 estimate.

The retailer said the decision will benefit the environment and the U.S. economy, too, by sourcing goods closer to customers and creating demand for jobs.

Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones.

Mortgage interest rates rose at the fastest pace last week in over a year, throwing cold water on already cooling demand.

The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations.

Covid vaccine efforts in the U.S. are yielding results. Forecasters are gaining some confidence in a summer bounce for the economy.

While the Fed may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon.

Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.

The U-3 is considered the standard for measuring unemployment, but not everyone agrees the metric is a comprehensive picture U.S. unemployment.

Carlyle Group's David Rubenstein told CNBC there might some stock market speculation but the bigger problem for the U.S. economy is high unemployment.