Author: Paul Davidson, USA TODAY

Food and rent costs rose again in August, a CPI report showed, offsetting lower gas prices and raising fears the Fed will keep sharply hiking rates.

The share of working-age women back at work or looking for jobs shot past its pre-pandemic peak. Child care, inflation and wages are factors.

Hiring has continued to boom despite slowing sales and recession fears as firms struggling with labor shortages have been hesitant to lay off workers.

The economy added 315,000 jobs in August, “getting Americans back to work,” says Labor Secretary Walsh. Unemployment rose from 3.5% to 3.7%.

Men regained all jobs wiped out by the pandemic, the July jobs report shows. But women still lag, even as the economy recoups all 22M lost jobs.

Employees burned out by COVID-era workloads say they’ll do what’s required in their jobs but won’t go above and beyond. Some call is ‘quiet quitting.’

Inflation backed off a 40-year high last month as gas prices fell but food and rent costs rose again, CPI report shows

Some economists argue soaring inflation is so toxic that it’s worth fighting it with sharp rate hikes even at risk of recession. Others disagree.

The economy added 528,000 jobs in July despite a slowing economy and high inflation, Unemployment fell from 3.6% to 3.5%.