Labor economy

Private sector companies added 497,000 jobs in June, more than double expectations, ADP says

The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected,…

Stocks making the biggest moves before the bell: Starbucks, CarMax, Virgin Galactic and more

Check out the companies making headlines in premarket trading. Starbucks — The coffee shop chain slid 1.1% after a union…

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…

The rich often misjudge the potency of their retirement savings, report finds

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others,…

Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund

Retirement savers who withdrew money from their accounts in the early days of the Covid-19 pandemic may have just days…

Thanks to vesting schedules, it can take up to 6 years for workers to own their 401(k) match

A 401(k) match from an employer is often referred to as “free” money, and therefore one of the best ways…

Here’s what to watch out for in Friday’s jobs report for May

Watching the monthly jobs reports this year has been something of a waiting exercise, with economists and market participants looking…

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well…

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

The ‘great resignation’ — a trend that defined the pandemic-era labor market — seems to be over

During the past year, the rate at which Americans quit their jobs has steadily declined from a record high back…