Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
Too much of a good thing, in the form of rapidly rising wages, is expected to push Federal Reserve interest rate hikes at an even...
Consumer debt totals $15.6 trillion in 2021, a record-breaking increase
Total debt at the end of the year came to $15.6 trillion, an increase of $333 billion in the fourth quarter and just over $1...
Borrowers rush to get the last of the low mortgage rates, with refinances jumping 18%
Mortgage rates have been rising swiftly, and that has borrowers rushing in to get the last of the low rates.
Here’s where the jobs are — in one chart
The U.S. added over 450,000 jobs last month amid strong demand for workers at restaurants, retailers and mail and parcel delivery companies.
Payrolls show surprisingly powerful gain of 467,000 in January despite omicron surge
Nonfarm payrolls were expected to increase 150,000 in January, according to economists surveyed by Dow Jones.
Republicans grill Fed nominee Raskin over past views on climate and big energy companies
Senate Republicans on Thursday peppered Sarah Bloom Raskin with questions over whether she would steer the institution into climate change.
Weekly jobless claims total 238,000, fewer than expected
Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread.
January’s payrolls report on Friday could be rough, with as many as 400,000 jobs lost by one estimate
A jobs market that was on fire for most of 2021 looks like it sustained a cold splash of reality to start the new year.
Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says
Private payrolls fell by 301,000 for the month versus the estimate for a 200,000 gain, according to payrolls processing firm ADP.