The gain of 263,000 was shy of recent monthly totals but still robust. Stocks fell on fears of a harder, longer Fed campaign to fight inflation. Read More
Recession and Depression
Trending topics and news from the Recession and Depression category
Back to news homeLess Turnover, Smaller Raises: Hot Job Market May Be Losing Its Sizzle
Last year, Klaussner Home Furnishings was so desperate for workers that it began renting billboards near its headquarters in Asheboro, N.C., to advertise job openings. The steep competition for labor […]
U.S. Economy Weaker Than Thought in Year’s First Half, by One Measure
A key measure of U.S. economic output grew more slowly in the first half of the year than previously believed, government data released Thursday showed.Gross domestic income, adjusted for inflation, […]
Can Hong Kong Recover as a Global Metropolis After Pandemic Barriers?
HONG KONG — Luxury storefronts have been replaced by pop-up shops selling masks. Whole floors of skyscrapers are deserted. Streets once crammed with locals and visitors jostling for space are […]
Central Banks Raise Interest Rates, Fearing Worse Pain Later
A day after the Federal Reserve lifted interest rates sharply and signaled more to come, central banks across Asia and Europe followed suit on Thursday, waging their own campaigns to […]
Bad News From the Fed? We’ve Been Here Before.
The Federal Reserve’s decision to raise interest rates again is hardly a positive development for anyone with a job, a business or an investment in the stock or bond market.But […]
The Fed Intensifies Its Battle Against Inflation
Federal Reserve officials, struggling to contain the most rapid inflation in 40 years, delivered a third big rate increase on Wednesday and projected a more aggressive path ahead for monetary […]
Shock Waves Hit the Global Economy, Posing Grave Risk to Europe
Russia’s invasion of Ukraine and the continuing effects of the pandemic have hobbled countries around the globe, but the relentless series of crises has hit Europe the hardest, causing the […]
U.S. Job Growth Slowed in August
“Unfortunately, as the demand and sales volumes pulled back, we had to account for that,” said Seth Barnes, who owns the company with his wife, Samantha. “We’re a little more […]
What Will Happen to Black Workers’ Gains if There’s a Recession?
Black Americans have been hired much more rapidly in the wake of the pandemic shutdowns than after previous recessions. But as the Federal Reserve tries to soften the labor market […]