As a heat wave stretched into a second day this week, residents in more than half a dozen states are looking for ways to beat the heat amid hot soupy temperatures approaching triple digits.

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy.

This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago.

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy.

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates.

The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.

The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a new survey.

Michigan’s unemployment rate dropped by three-tenths of a percent to 3.8% last month, according to the Department of Technology, Management & Budget. Employment in Michigan rose by 30,000, unemployment decreased by 14,000, and Michigan’s labor force increased by 18,000 over the month.

The number of Americans applying for unemployment benefits jumped last week but remain low overall, even as the Federal Reserve has furiously raised interest rates to beat down inflation and cool the labor market.

Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy.

America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.

U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped.

Thanks to the pandemic, technology and just trends, traditional office life is becoming less appealing.

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation.

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy.

The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation.

The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy.

Caterpillar Inc. on Tuesday reported second-quarter earnings of $1.67 billion.

Caterpillar’s revenue climbed in the second quarter as the machinery company experienced increased demand for its equipment and dealer inventories improved.

She lost her job in December and due to hiring freezes in place since the pandemic began, has been unable to find employment. (AP Photo/Farnoush Amiri)WASHINGTON – With the viral pandemic accelerating across the country, America’s employers sharply scaled back their hiring last month, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. “The recovery is not insulated from the effects of the pandemic,” said Daniel Zhao, senior economist at employment website Glassdoor. Faster hiring is needed to ensure that people who were laid off during this spring can quickly get back to work. Makokha, 45, lost her job as a human resources administrator nearly a year ago, well before the pandemic struck.

DEERFIELD, Ill. – Caterpillar’s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to create headwinds. The company still managed to top Wall Street expectations, despite rising COVID-19 infections that hamper almost all sectors, including construction. Still, Caterpillar managed to beat the $9.67 billion analysts polled by Zacks Investment Research forecast. Stripping out one-time costs, earnings were $1.34 per share, easily beating the $1.15 per that Wall Street was looking for. _____A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.

ANN ARBOR The University of Michigan and health care investment firm Deerfield Management Co. announced Wednesday a new partnership with the aim of developing life-saving drugs and disease treatments. Deerfield has committed up to $130 million over the next decade in biomedical research at U-M. The University of Michigan has a strong legacy of drug discovery and translation, Rebecca Cunningham, U-M vice president for research said in a news release. Great Lakes Discoveries will support all preclinical stages of drug development and discovery. "With its vast research platform, the University of Michigan is the ideal partner and we look forward to the innovations that we expect this alliance will bring.