Employers have announced a staggering 1.1 million job cuts in 2025, the highest since the pandemic, with October seeing a notable surge. Are we facing an impending recession?
In a significant announcement, Social Security recipients will see a 2.8% increase in their monthly payments for 2024, following a delayed announcement due to the government shutdown. This adjustment reflects a rise in consumer prices, with inflation hitting 3% in September.
In September, inflation rose unexpectedly less than forecasts, with a 0.3% monthly increase in the consumer price index. This report sheds light on the state of the U.S. economy amid a government shutdown. Discover the implications for the Federal Reserve and your wallet!
As the Bureau of Labor Statistics remains silent due to the Washington shutdown, alternative data sources suggest the job market is steady but shows signs of softening. With unemployment holding at 4.3%, is the economy truly stable?
With the jobs report delayed due to a federal government shutdown, experts warn that policymakers and investors are 'flying blind' at a critical economic juncture. The lack of data could impact decisions on interest rates and reveal signs of a potential recession.
In a surprising decision, the White House has withdrawn E.J. Antoni's nomination to lead the Bureau of Labor Statistics. Amid criticisms of his economic views and concerns about his credibility, President Trump plans to announce a new nominee soon.
In a surprising turn, jobless claims in the U.S. have decreased significantly, dropping by 33,000 to 231,000 after reaching a four-year high. This decline may indicate a stabilizing job market as the nation continues to recover from the pandemic.
The Department of Labor's watchdog is investigating the Bureau of Labor Statistics over its data reporting methods, amidst shocking downward revisions in job growth estimates and rising inflation concerns. What does this mean for the economy?
The Labor Department's watchdog has opened an investigation into the Bureau of Labor Statistics amid claims of unreliable jobs and inflation data. With recent major revisions raising eyebrows, the probe aims to uncover the challenges faced in data collection.
In a surprising turn, US wholesale inflation fell for the first time in four months, bolstering speculation that the Federal Reserve may soon cut interest rates. The producer price index dropped 0.1%, with previous months' figures also revised down.
