The economy has entered a “low-hire, low-fire,” state, according to Federal Reserve Chairman Jerome Powell, meaning that it can avoid a recession even as job growth slows. Hiring has slowed ...

According to research by the Federal Reserve Bank of Minneapolis, a growing number of the unemployed have given up on their job searches.

Initial applications for unemployment benefits in the week through Saturday plunged from already low levels, in an outlier move, by 27,000 from the prior week to 191,000, seasonally adjusted, the ...