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Tom Wilkins took photographs of famous women on his TV screen, often undressing. Was he a peeping tom? It seemed possible – until an astonishing self-portrait emerged ....
WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four ....
America s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve s aggressive drive to slow growth and tame inflation with higher interest rates. ....
Washington (AP) For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades. The job market hasn't been cooperating. Consider what happened in January: The government said Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed's aggressive interest rate hikes haven't slowed hiring at a time when many foresee a recession nearing. Friday's report added instead to the picture of a resilient U.S. labor market, with low unemployment, relatively few layoffs and many job openings. Though good for workers, employers' steady demand for labor has also helped accelerate wage growth and contributed to high inflation. Still, the Fed's inflation watchers might be reassured somewhat by January' ....