By Lucia Mutikani WASHINGTON, Dec 10 (Reuters) - U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for the inflation outlook.

The U.S. Federal Reserve, the central bank of the United States, lowered its benchmark interest rate by 0.25 percentage points to 4.00–4.25% on the 17th. This marks the first rate cut in nine months since December last year. The interest rate gap with ...

There are some insights into which economic sectors hired workers and which laid off employees, writes Manfred Keil, of the Inland Empire Economic Partnership.

U.S. applications for unemployment benefits fell to their lowest level in more than three years last week, potentially complicating the Federal Reserve’s upcoming decision on interest rates.

Why are US Fed officials divided on an upcoming December interest rate cut? Here's what the market expects and analysts say about the interest rate trajectory ahead of Jerome Powell-led FOMC's policy outcome decision on Wednesday.