Inflation likely stayed near a 40-year high in May after easing the prior month. Price increases are set to slow. CPI report may show how quickly.
Author: Paul Davidson, USA TODAY
Hiring stays strong. Unemployment is flat. But is a slowdown coming? Here’s what May’s job report shows.
The economy added 390,000 jobs in May amid high inflation and worker shortages, according to data released June 3. Unemployment is unchanged at 3.6%.
Hiring boom could slow, starting with May jobs report. But that may be a good thing.
Job growth could slow after a streak of booming gains, starting with the May jobs report, due out June 3. Economists expect gains of 325,000.
‘I exhausted my savings’: Inflation has Americans turning to loans, credit cards to cope. Does it pose big risks?
A persistent rise in missed payments could lead banks to pull back on lending to people with poor credit histories, putting more stress on that group.
Americans were ‘doing okay’ or ‘living comfortably’ last fall before inflation hit, stocks plunged
Seventy-eight percent of adults were ‘doing ok’ or ‘living comfortably’ last fall, highest on record, Fed survey shows.
Some top economists say a recession is growing more likely, but it probably would be mild
Some top economists say any recession that starts this year probably would be mild. The economy, labor market and household finances are strong.
US economy on brink of recovering pre-COVID-19 job numbers, but more than half of industries lag
The economy could recover the 22M jobs lost in the pandemic by July. While some industries are far above pre-COVID-19 levels, others may not recover.
Social Security recipients could get an 8.6% cost-of-living increase in 2023 as inflation spikes
Social Security payments could increase 8.6% in 2023 for about 70 million retirees, disabled people and others. That would be the most since 1981.
Soaring inflation slowed in April. Will price-weary shoppers get a bit of relief?
Inflation stayed elevated at 8.3% in April but eased off a 40-year high. Economists say it probably has peaked.
Supreme Court ruling ending abortion rights may keep more women out of workforce, hurt economy
Could the Supreme Court’s overturning of Roe v. Wade hurt women’s labor force participation and the economy? Women’s rights groups say it will.