The economy has shifted so abruptly in 2022 that most of the big employment trends from the Covid era have reversed, creating major challenges for employers.
Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
Household debt climbed past $16 trillion in the second quarter, as soaring inflation pushed up housing and auto balances.
4.2 million people quit in June despite recession worries: ‘A paradox in our economy’
The job market continued to post strong numbers in June despite growing concerns about an economic recession.
Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike
The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.
Job openings fell sharply in June as labor market shows signs of slowing
Job openings plunged in June to their lowest level since September 2021 in a potential sign that a historically tight labor market is starting to loosen.
Home prices cooled at a record pace in June, according to housing data firm
Home price gains are cooling fast, as demand wanes and still-tight supply builds.