US Economy at Risk of Weakening With Growing Gap Between Rich and Poor
The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households,…
US Has Most October Layoffs in Over 20 Years on AI and Cost Cuts
US companies announced the most job cuts for any October in more than two decades as artificial intelligence…
Fed’s Miran Says ADP Jobs Data Slightly Better Than Expected
Federal Reserve Governor Stephen Miran on Wednesday described data that showed employment at US companies increased in October…
AI and the Fed: The Bank’s Wait-and-See Approach Can’t Last
Financial markets are obsessed with AI, and the broader public is aware of its looming impact on jobs…
Why the US Layoff Wave Is an Early Warning Sign for Job Market – Bloomberg.com
Why the US Layoff Wave Is an Early Warning Sign for Job Market Bloomberg.comWhy Companies Are No Longer Hanging…
World Economy Latest: Fed’s Powell Reins in Rate-Cut Expectations
Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
US Initial Jobless Claims Drop to the Lowest Level Since July
Initial applications for jobless benefits in the US fell to the lowest since mid-July, underscoring how companies remain…
Summers Says Fed Policy On ‘Loose Side,’ Inflation Top Issue
Former Treasury Secretary Lawrence Summers said Federal Reserve policy is leaning toward being too slack, emphasizing that the…