economy

July 20, 2018 - 3:24 pm
Richmond, VA _ Governor Ralph Northam today announced that Virginia’s seasonally adjusted unemployment rate was unchanged in June at 3.2 percent, but was down 0.5 percentage point from a year ago. The 3.2 percent seasonally adjusted unemployment rate in May and June is the lowest rate since the...
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dreamstime
July 14, 2018 - 9:42 am
WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. The...
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(AP Photo/Lynne Sladky)
July 06, 2018 - 12:45 pm
By JOSH BOAK , AP Economics Writer WASHINGTON (AP) — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn't enough to keep the unemployment rate from...
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(AP Photo/Paul Sancya)
June 19, 2018 - 4:27 pm
By PAUL WISEMAN and ZEKE MILLER , Associated Press WASHINGTON (AP) — The United States and China edged closer Tuesday to triggering the riskiest trade war in decades, a fight that could weaken the world's two largest economies, unsettle relations between Beijing and Washington and crimp global...
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dreamstime
June 12, 2018 - 2:38 pm
By MARTIN CRUTSINGER , AP Economics Writer WASHINGTON (AP) — The federal government recorded a budget deficit of $146.8 billion in May, helping push the total deficit so far this year 23 percent above the same period a year ago. Last month's deficit followed a surplus of $214.3 billion in April, a...
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(AP Photo/Mark Humphrey, File)
June 04, 2018 - 2:35 pm
By MARTIN CRUTSINGER , AP Economics Writer WASHINGTON (AP) — A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a significant boost to economic growth this year and next year. But they worry that by 2020, the country could be...
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dreamstime
May 31, 2018 - 12:11 pm
ELLEN KNICKMEYER, Associated Press WASHINGTON (AP) - The Environmental Protection Agency has sent the White House a proposal widely expected to roll back future fuel-economy standards for cars and trucks. EPA spokesman Jahan Wilcox confirmed Thursday that the agency has sent the proposed fuel-...
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