Other participants had experienced something similar. Adnan Rizvanovic, a Bosnian in his 60s who now works as a gardener for the program, had once driven trucks and taxis and worked in logistics. Driver wages plummeted after Uber and its local Austrian competitors entered the taxi market; after two heart attacks, Rizvanovic decided it was best …
BENGALURU, Dec 9 (Reuters) – The U.S. economy is heading for a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the Federal Reserve to US opts for a lower interest rate hike of 50 basis points in December. 14. The Fed still has at least half …
US heading for shallow recession, no respite yet from rate hikes: Reuters poll Read More »
Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …
US labor market remains tight despite continued claims hitting 10-month high Read More »
‘Scariest measure of all’: Mike Rowe warns 7m American men have ‘done’ looking for work and ‘break through’ – here’s why it’s a serious problem Men have been steadily exiting the US workforce since pre-pandemic times — even now, despite millions of job openings and an uncertain economic climate. As the US labor market remains …
Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. For Love & Money is Insider’s bi-weekly column that answers your questions …
Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the …
This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say Read More »
Activity in the services sector picks up in November Employment rebounds; supplier deliveries are improving Factory orders rise 1.0% in October WASHINGTON, Dec 5 (Reuters) – U.S. service-sector activity unexpectedly accelerated in November, with employment rebounding, offering further evidence of underlying economic dynamics. economy as it prepares for an anticipated recession next year. Monday’s Institute …
The US service industry is picking up; factory orders are accelerating Read More »
(Adam Levy) Getting the most out of your Social Security retirement benefits could help make your retirement much more enjoyable, and maximizing your benefits could come down to one decision. When do you decide to apply for Social Security? Deferring until age 70 will be a great choice for many retirees who can benefit from …
1 Way to Score a Richer Monthly Social Security Payment Read More »
Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …
US labor market shrugs off recession fears; keeps the Fed on a tightening path Read More »
FOX Business host Larry Kudlow discusses the state of the economy and the Democrats’ omnibus spending bill during the lame session on “Kudlow.” So far this year, we have official estimates of economic growth and inflation for the first three quarters or the first nine months of 2022. The results are very poor. First, the …
Larry Kudlow: ‘More welfare without work’ is the ‘battle cry of the radical Democrats’ Read More »
