Runaway inflation has raised fears that the economy is headed towards a return of stagflation but a host of Wall Street banks such as Goldman Sachs and HSBC believe there remain opportunities for investors to safely navigate this tricky backdrop. UCG | Getty Images What is stagflation? Stagflation is a term coined in the 1970s … Read more
The US has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctuates between periods of expansion and contraction. “History teaches us that recessions are inevitable,” said David Wessel, a senior fellow in economic studies … Read more
People rally during a demonstration in support of Covid-19 relief, organized by Shutdown DC, on the National Mall in Washington, DC, on Feb. 25, 2021. Al Drago | Getty Images When the US began to shut down the wake of the onset of Covid-19, it meant millions of families were suddenly without the income they … Read more
A man walks past a “We’re Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images Initial jobless claims spiked to their highest level since mid-January last week despite signs of an otherwise strong employment picture, the Labor Department reported Thursday. First-time filings for … Read more
The US economy looks to be on the verge of hitting two highs simultaneously – peaks in inflation and job creation that could be important influences on the path of monetary policy. May’s nonfarm payrolls report corroborated other recent evidence that while the jobs market remains strong, future gains could be tempered. At the same … Read more
The US job market put together another strong month in May, even as inflation and global issues cast a shadow on the macroeconomy. Nonfarm payrolls rose by a better-than-expected 390,000 in May, the Labor Department said Friday, in signs of persistent demand and supply shortfalls in the job market. Employment growth was mostly solid across … Read more
Silhouette’s of commuters and tourists as they make their way through Grand Central Terminal in New York City during the morning rush hour. Timothy A. Clary | AFP | Getty Images The US unemployment rate for Black and Hispanic women rose sharply last month even as overall joblessness in the country held steady. The overall … Read more
The US economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and a roaring pace of inflation, the Bureau of Labor Statistics reported Friday. At the same time, the unemployment rate held at 3.6%, just above the lowest level since December 1969. Economists surveyed by Dow Jones had been … Read more
A ‘help wanted’ sign was displayed in a Manhattan store on May 6, 2022 in New York City. Spencer Platt | Getty Images Job creation at companies decelerated to the slowest pace of pandemic-era recovery in May, payroll processing firm ADP reported Thursday. Private sector employment rose by just 128,000 for the month, falling well … Read more
A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022. Newsday LLC | Newsday | Getty Images Job openings fell by nearly half a million in April, narrowing the historically large gap between vacant positions and available workers, the Bureau … Read more