3 Concerning Charts Showing the US Economy May Be on Cusp of Recession
Wall Street economists and investors seem mostly sanguine about the US economy’s chances of avoiding a recession in…
Accounting for City Size, Minimum Wages Reduce Jobs Almost Everywhere
In new research, Priyaranjan Jha, Jyotsana Kala, David Neumark, and Antonio Rodriguez-Lopez find that studies arguing higher minimum…
The labor market is on a knife edge, and the factors weakening it aren’t going anywhere
ANALYSIS: Weakening labor data—from downward payroll revisions to new job openings falling to just 22,000 for August—has raised…
Jumbo Interest Rate Cut Odds for Sept. Rise After Weak Jobs Report
The job market tripped up big time last month. In a way, that’s exactly what the market was…
Weak jobs report fuels expectations of an interest rate cut
Job growth cooled notably last month while the unemployment rate rose to the highest since 2021, fanning concerns…
August jobs report to show further ‘softness growing’ in the US labor market as Fed rate cuts near
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the…
The professions trying to get ahead with AI are those most likely to lose their jobs to it, St. Louis Fed says
A new St. Louis Fed study suggests the U.S. may be seeing early signs of AI-driven job displacement,…
High-Value Work Grew 31% Among Large Businesses as AI Amplifies Demand for Human Skills
Upwork Inc. Inaugural monthly analysis of the freelance economy provides an early signal of U.S. labor market shifts,…
Stock Market Outlook: 2 Forces That Could Spark Sell-Off in Tech-Heavy Market
By at least one measure, the US stock market is more concentrated in its biggest names than it’s…
KC Fed’s Schmid wary of September rate cut, notes ‘very consequential’ data in coming weeks
JACKSON HOLE, Wyo. — Kansas City Fed president Jeffrey Schmid said on Thursday the August jobs report due…
July inflation data has economists on edge
Markets ended last week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices,…
Central Bankers Flock to Jackson Hole at Pivotal Moment
(Bloomberg) — A big week is coming up for the Federal Reserve and central bank enthusiasts. The Kansas…