The post-COVID labor market recovery is like this summer’s weather: SCORCHING.
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Whether or not NBER officially makes the recession call, it’s becoming obvious that a slowdown has begun.
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As the Fed prepares for its two-day policy meeting on July 26 and July 27, there may be a few breaks in the cloudy economic picture for our central bankers.
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If you feel like the number of sketchy emails, texts and voicemails has been increasing lately, you are right: the number of financial fraud, identity theft, and other reports to the FTC has been soaring.
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Despite the hand wringing over a coming recession and sentiment levels dropping to all-time lows, the June employment report showed that the U.S. economy is alive and well.
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The toxic combination of a four-decade high inflation and the Federal Reserve’s aggressive interest rate hike campaign has increased the odds of a recession within the next year.
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Given the inflationary pressure on households, you might expect that older Americans who stepped out of the labor force amid COVID, would flow back in.
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Members of the college class of 2022 may not consider themselves lucky. After all, COVID-19 robbed many of them of the complete college experience. Perhaps their reward is to graduate in one the hottest job markets in decades.
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With inflation near 40-year highs and more Americans struggling to pay bills, another category of debt has nudged its way into the conversation: Buy Now Pay Later.
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