jobs

The Fed says unemployment will rise.  Here's who economists say would lose their jobs first.

The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.

The Federal Reserve stepped up its fight against inflation this week, instituting a major rate hike and saying more are likely to follow. These measures will lead to an increase in the number of unemployed Americans by the end of next year, the central bank said. The Fed has offered a series of aggressive interest …

The Fed says unemployment will rise. Here’s who economists say would lose their jobs first. Read More »

Powell says job market will have to suffer for inflation to fall

Fed’s fight against inflation could cost 1.2 million US jobs

The data, however, does not mince words. The Fed’s latest economic projections, released on Wednesday alongside a massive third straight interest rate hike of 75 basis points, show the central bank expects the country’s unemployment rate to hit 4.4% next year. — down from 3.7% in August – and potentially up to 5%. Assuming no …

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Workers change jobs and get raises, and still struggle financially

Workers change jobs and get raises, and still struggle financially

Donna Dunn, 49, works as an office manager at a health clinic in Booker, Texas. Despite a raise, she struggles to pay her family’s bills because prices have risen faster than her salary. Donna Dunn hide caption toggle caption Donna Dunn Donna Dunn, 49, works as an office manager at a health clinic in Booker, …

Workers change jobs and get raises, and still struggle financially Read More »