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Economy

Economy  |  Christopher Rugaber, Associated Press  • 
July 14, 2026

Inflation cools more than expected in June as gas costs fall, underlying prices ease

Prices dropped 0.4% in June from May, the largest monthly drop in four years, the Labor Department said Tuesday. On a yearly basis, inflation declined to 3.5%, down from a year-over-year gain of 4.2% in May and lower than many economists expected.
Economy  |  Christopher Rugaber, Associated Press  • 
July 3, 2026

U.S. employers still reluctant to add many jobs as hiring slows in June

The Labor Department said Thursday that the unemployment rate declined to a low 4.2% from 4.3% in May, though the drop mostly occurred because many people out of work gave up looking and were no longer counted as unemployed.