Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend…
Traders raise the chances for a Fed rate cut following April inflation report
Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will…
Inflation rate eases to 4.9% in April, less than expectations
A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that…
Fed’s John Williams says rates could be increased if inflation doesn’t come down
NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a…
Worries linger about financial stability following bank rescue, Fed report shows
Banking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall remains stable,…
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to…
Outlook for household spending slumped in April, New York Fed survey shows
Household spending is expected to decrease significantly over the next year, according to a New York Federal Reserve survey released…
Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
The unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers. The U.S.…
Here’s where the jobs are for April 2023 — in one chart
Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and…
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.…
