CNBC Economy

The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September. In normal times, that type of hiring pace would be considered a sign of a robust job market.

The unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.

As of Tuesday, roughly 3.6 million homeowners remain in pandemic-related forbearance plans, according to Black Knight, a mortgage technology and analytics firm.

First-time claims for unemployment benefits were expected to total 850,000 for the week ended Sept. 26, according to economists surveyed by Dow Jones.

Daly likened the rescue funding so far to a bridge that has helped growth recover somewhat but still needs to be extended.

Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP.

Mortgage applications to purchase a home fell 2% for the week but were 22% higher than one year ago, according to the Mortgage Bankers Association.

Stimulus checks and additional unemployment helped low and middle-income Americans pad savings amid the coronavirus pandemic, according to a Federal Reserve study. But those lifelines may soon end.

The results come amid a grim milestone for the virus, which has claimed more than 1 million lives globally including more than 200,000 deaths attributed to the U.S.

Bankruptcies in the New York City region have surged 40% during the coronavirus pandemic compared with the same time a year ago, according to Bloomberg.

Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates, caused home prices to accelerate in major markets across the nation.

Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted. Homebuilders are having trouble keeping up.

Initial jobless claims were slightly higher than expected as the labor market continues its sluggish recovery from the coronavirus pandemic.

Citi has put a figure to the economic cost of racial inequality.

It's easy to hate the rich for all that they have and all that you don't, but the rich aren't the problem.

After a record-setting July, the housing market still shows no sign of cooling off. Existing home sales rose to the highest level since December 2006.

While Powell said the accommodative policies will continue as needed, he added that the economy has improved.

Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection of 7.6% that his Fed colleagues released earlier this week.

Wildfires, driven by climate change, are raging across the Western United States crushing local economies. It's a wakeup call for the Trump administration.

First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.