The number of ongoing applications for unemployment benefits hit its highest level since November 2021 last week, adding to signs that the labor market is cooling as unemployed workers struggle to find new jobs. New data from the Labor Department showed that about 1.84 million claims were filed in the week ending June 22, up […]
I have been observing how radically unusual various sentiment readings have been for several years now. It didn’t make sense to me that the post-pandemic era saw sentiment levels well below major dislocations like the crash of ’87, the 9/11 terrorist attacks, the Dotcom boom, or the great financial crisis of 08-09. We have tried
Rockaa / iStock.com Earnings gaps in the world of work persist after you start collecting Social Security retirement benefits, albeit on a smaller scale. Benefits are based on the amount of money you earn during your career. The higher your income, the higher your retirement control. Similarly, Americans in the lowest income brackets will also
(Bloomberg) — Turkey extended an interest rate pause in place since April, with the central bank telegraphing a tough path as it stands on alert for risks to inflation that just peaked above 75%. Most Read by Bloomberg The Monetary Policy Committee led by Governor Fatih Karahan left the one-week repo rate at 50% on
A GAC Aion Hyper SSR electric sports car is on display during Auto Guangzhou 2023 at the China Pazhou Import & Export Fair in Guangzhou, China’s Guangdong Province, in November. 17, 2023. Vcg | Visual China Group | Getty Images Chinese automakers are expected to continue expanding rapidly outside their home country to reach 33%
Sign up for daily news updates from CleanTechnica by email. Or follow us on Google News! The new Berkeley Lab study of more than 100 million American workers in 23 states finds clear evidence of increased employment and earnings within 20 miles of existing wind projects that begin when project construction begins and continue for
How much money do you have set aside for emergencies? If you’re like most Americans, the answer is, “less than I’d like.” About 6 in 10 American adults say they are uncomfortable with their level of emergency savings, according to a recent survey by Bankrate. On this front, many money experts would tend to agree
By Manfred Keil and Suchen Hou | Inland Empire Economic Partnership The Inland Empire, like other metropolitan statistical areas, was greatly affected by the coronavirus pandemic, both health-wise and its economy. Policymakers had a choice to accept higher death rates versus lower growth and employment due to policy austerity. In California, the choice was made
The used electric vehicle (EV) market is collapsing across the country, and the Seattle area is not immune. The reason is simple: nobody wants to drive electric vehicles, and people who bought them regret their decision. And yet the Democrats are still pushing us toward a future that no one wants and for which we
Raise your hand if you think banks are as sound as the Fed says they are. Stress test results Please consider the results of the Federal Reserve’s 2024 stress test This year’s hypothetical scenario is broadly comparable to last year’s scenario. It includes a severe global recession with a 40 percent drop in commercial real