Business

Paychecks keep rising for American workers, providing boost to household budgets

The Labor Department’s latest jobs report showed that American workers’ wage gains are continuing to outpace stubbornly high inflation. The Bureau of Labor Statistics released its jobs report for February on Friday, which showed that workers’ average hourly earnings rose faster than expected last month.Employees on private nonfarm payrolls saw their average…

US economy shed 92K jobs in February, well below expectations

This story about the February 2026 jobs report is developing and will be updated with more details. The U.S. economy shed jobs unexpectedly in February as employers pulled back to start 2026 amid economic uncertainty.What are the key findings of the February 2026 jobs report? The Labor Department on Wednesday…

Mortgage rates tick higher to 6%

Mortgage rates ticked higher to 6% this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6% from last week’s reading of 5.98%. The average rate on a 30-year loan was 6.63%…

Amazon cuts jobs in robotics unit as layoffs continue: report

Amazon is continuing its workforce reductions, cutting at least 100 white-collar jobs in its robotics unit this week, according to a new report. The affected division designs robots and other automation systems used primarily in Amazon warehouses, two people familiar with the matter told Reuters.”We regularly review our organizations to…