Labor economy

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…

Here’s the inflation breakdown for April 2023, in one chart

Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multidecade…

A.I. trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration…

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.…