Labor economy

Unemployment among Hispanic workers rises at faster pace in October than overall rate

The labor market showed greater deterioration for Hispanic workers, whose unemployment rate rose more than that of the U.S.’, according…

One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs

The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…

Reid Hoffman-backed PAC may fund primary campaign against progressives Rashida Tlaib, Cori Bush

A political action committee funded largely by LinkedIn co-founder Reid Hoffman may be on the brink of launching a primary…

Labor costs show surprise decline in the third quarter

The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the…

Biden administration to crack down on ‘junk fees’ in retirement plans

The Biden administration is cracking down on so-called “junk fees” in retirement accounts.   The U.S. Department of Labor on…

Why working longer is a bad retirement plan

Working longer is among the best ways to ensure you don’t outlive your retirement savings. The problem is, you can’t…

Biden hails hot GDP report, but voters don’t see the rosy picture Wall Street does

WASHINGTON —  The U.S. GDP grew at 5% last quarter, better than expected, and President Joe Biden said it was evidence…

Powell says inflation is still too high and lower economic growth is likely needed to bring it down

Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be…