US economy braces for twin housing, labor market headwinds

The U.S. labor market appears to be deteriorating rapidly just as the country's housing market is also creaking, two negative forces that risk feeding off each other and smothering economic growth. Read More

New data shows the US job market was much weaker than thought in 2024, and this year as well

The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the U.S. economy. Read More

Will Trump Have to Run From the Economy?

And then there’s the vibe — the feeling of malaise that weighed down President Biden and Vice President Kamala Harris last fall. Last month, 63 percent of Americans thought the economy is getting ... Read More

Powell's Jackson Hole speech turns Fed's focus toward 'curious' labor market

Federal Reserve Chair Jerome Powell signaled to investors on Friday that the central bank is likely to embark on a cycle of lowering interest rates as soon as September. But Powell's speech at the ... Read More

Fed Chair Jerome Powell signals job market, inflation outlook could allow for interest rate cut

Federal Reserve Chair Jerome Powell on Friday said that the "balance of risks appears to be shifting" in the U.S. economy, as central bank policymakers weigh labor market conditions and inflation data ... Read More

US labor market softening as job openings hit 10-month low, hiring remains tepid

WASHINGTON, Sept 3 (Reuters) - U.S. job openings fell to a 10-month low in July and there were more unemployed people than positions available for the first time since the COVID-19 pandemic, data ... Read More