The most recent jobs report showed that payrolls stayed strong at 263,000. Unemployment held at 3.7%, according to the Labor Department.
Author: Paul Davidson, USA TODAY
Federal Reserve Chair Jerome Powell hints at smaller rate hike next month in speech
Fed Chair Powell signaled rate hikes will likely slow next month but rates will likely rise further than thought to fight “much too high” inflation
Social Security benefits in 2023 will rise the most in 40 years. How much will I get?
In January 2023, recipients of Social Security checks will get their biggest hike in 40 years because of high inflation.
Hiring freezes instead of layoffs gain ground in the job market as recession fears grow
Amid recession fears, more firms leave open jobs unfilled, shrinking the workforce without layoffs. But that’s further stressing burned-out workers.
Despite stock rally, recession in 2023 is still likely as Fed continues to raise rates
Despite the market rally, most economists still forecast a mild recession next year as the Fed continues to raise interest rates to curb inflation.
Happy birthday to me: How Hurricane Ian totaled my Toyota Camry while I was on vacation
Hurricane Ian totaled my car while I was on vacation, creating a distinctive set of challenges. Here’s what happened. And, it also was my birthday.
How to fix high inflation, weak growth and labor shortages? Boost worker productivity.
Bosses are using cross-training and automation to reverse sagging worker productivity. Success could tame rising inflation and higher interest rates.
Latest GDP report shows US economy grew 2.6%, but recession risks loom
An economic report showed growth of 2.6% in Q3, a rebound from the first half of 2022. But inflation, Fed rate hikes will likely spur recession.
Could a looming recession be more severe than forecast? Some economists say ‘yes’ and here’s why.
Will there be a recession in 2023? Most economists predict yes, but there is a split on how severe it will be.
Hiring reaches a turning point: Should bosses hire now or see if a recession hits the economy?
As the economy slows, some firms are scaling back hiring or cutting workers while others add staff. How are they deciding?