The U.S. economy added a robust 303,000 jobs in March, well above expectations, as the unemployment rate ticked down to 3.8%. The latest figures from the Bureau of Labor Statistics showed that the pace of job growth still remains hot, despite some predictions of a slowdown. The job growth was higher than the monthly average … Read more
The U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate decisions to eventually slow that growth. The increase in borrowing costs that stems from Fed decisions does not affect all consumers immediately. It typically affects people who … Read more
U.S. employment rose in November as the jobless rate dipped. Labor settlements in both Hollywood and Detroit helped boost total non-farm payroll jobs by 199,000 last month. Unemployment edged down to 3.7%, according to the U.S. Department of Labor Statistics in its monthly report — an unexpectedly strong number. The motion picture and sound recording … Read more
Writers, actors, nurses, auto workers, baristas, pharmacists, graduate students — ever since 2023’s “hot labor summer” began, it seems like workers all over the country have been walking off the job to demand more of their bosses. But are we really seeing a resurgence of the strike weapon? By several measures, yes, we are. More … Read more
