US weekly jobless claims fall to a nine-month low; speed of productivity gains

Weekly jobless claims drop 3,000 to 183,000 Persevering with claims decreased 11,000 to 1.655 million Productiveness accelerated at a 3.0% charge within the fourth quarter Unit labor prices develop at a charge of 1.1% WASHINGTON (Reuters) – The variety of Individuals submitting new purposes for unemployment advantages fell to a nine-month low final week, because … Read more

Hawley wants to protect Social Security and Medicare from the debt ceiling

Sen. Josh Hawley, R-Missouri, is joined from the left by Sen. Tom Cotton, R-Ark. Scott Applewhite Related Press file picture Washington Sen. Josh Hawley introduced a bill Wednesday to prevent Congress from using Social Security and Medicare as a tool in negotiations over the debt ceiling, as some members of his party have talked about … Read more

Layoff survivor guilt is real for workers who survive layoffs

Mass layoffs Comparable to those that are disrupted within the tech business have an effect on greater than the individuals who lose their jobs. Laid-off staff face sensible challenges, akin to staying afloat financially and securing a brand new job, in addition to the psychological blow of feeling rejected. Nonetheless, those that stay after their … Read more

Powell Rally Won’t Break S&P 500; Reduces wage growth

If the markets are alright, tomorrow’s Fed assembly coverage assertion will announce the next-to-last price hike, with a quarter-point transfer anticipated to happen on March twenty second. Nevertheless, it’s potential that Federal Reserve Chairman Jerome Powell can have different concepts. That is why the S&P 500 pulled again from a six-week excessive on Monday, however … Read more

The Wall Street economist says the 2023 recession will look like the biggest crisis of the 1970s

Piper Sandler’s chief world economist, Nancy Lazar, explains why she expects a recession within the second half of 2023. In response to a Wall Road economist, A looming recession This 12 months will look extra just like the 70s than the recession of 2007-2008. “Individuals are very targeted on 2008 and 2020. That is extra … Read more

Central banks are preparing to raise interest rates to their highest levels in 15 years as investor concerns grow

The world’s main central banks are making ready to lift rates of interest this week to their highest ranges for the reason that monetary disaster, sparking concern amongst some buyers that the report rally within the bond market this month diminishes mounting proof of persistent inflation. Bond costs have rebounded shortly for the reason that … Read more

Here are 8 things rich people do differently that make them ‘super rich’

It took me 20 years of trial and error earlier than I acquired began He achieved a internet value of hundreds of thousands of {dollars}. Now, at 64, I get revenue from the 18 companies I began and the 12,000 housing items I personal. However I want I knew sooner how wealthy folks take into … Read more