Under this approach, while offering the flexibility of gig work, the staffing agencies usually serve as the employer and administer benefits. Workers are paid as W-2 employees, not independent contractors, […]
Recession and Depression
Trending topics and news from the Recession and Depression category
Back to news homeBritain’s Economy Shrank 0.1% in Second Quarter
The British economy contracted slightly in the second quarter, losing momentum as the country experiences a deepening cost-of-living crisis and economists predict that a recession will start later this year.Gross […]
How This Economic Moment Rewrites the Rules
Indeed, the Federal Reserve is trying to cut it off. Jerome H. Powell, the Fed chair, has described the labor market, with twice as many open jobs as unemployed workers, […]
With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic
U.S. job growth accelerated in July across nearly all industries, restoring nationwide employment to its prepandemic level, despite widespread expectations of a slowdown as the Federal Reserve raises interest rates […]
What the 1980s Can Teach Us About Interest Rates and Inflation
The cost of living is sky-high, and the chair of the Federal Reserve says that battling it is his highest priority. Financial markets don’t know quite how to react.That, in […]
How to Cope With Rising Rates and Inflation
Important pieces of information arrived over the last few days, but they do nothing to clear away the fog blanketing the markets and the economy.Is the economy lurching into a […]
U.S. Economy Shows Another Decline, Fanning Recession Fears
A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already […]
Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation
WASHINGTON — The Federal Reserve continued its campaign of rapid interest rate increases on Wednesday, pushing up borrowing costs at the fastest pace in decades in an effort to wrestle […]
How Will Interest Rate Increases Impact Inflation?
The Federal Reserve is expected to announce its fourth interest rate increase of 2022 on Wednesday as it races to tamp down rapid inflation. The moves have a lot of […]
Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.
Consumer spending, for example, grew at a solid 1.8 percent annual rate in the first quarter, adjusted for inflation, and most forecasters believe it grew in the second quarter, too, […]