The deepening economic slump was underscored by other data on Friday that showed production at industries collapsed last month at its deepest pace in 101 years. The reports, combined with a historic 20.5 million job losses in April, buttressed Federal Reserve Chair Jerome Powell’s warning on Wednesday of an “extended period” of weak growth and stagnant incomes.
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs...
Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked...
