The Bureau of Labor Statistics (BLS) is set to release the final jobs report for 2024 on Friday, with experts predicting more uncertainty in 2025. The U.S. labor market slowed in 2024, with job growth returning to pre-pandemic levels. Though the economy added about 180,000 jobs per month through November, unemployment rate rose slightly, remaining … Read more
Customers wait in line to check out at a Costco store on December 11, 2024 in Novato, California. According to a Bureau of Labor Statistics report, the consumer price index increased 0.3 percent to a 12-month inflation rate of 2.7 percent in November, 0.1 percentage point higher than October. | Photo Credit: AFP U.S. consumer … Read more
Excluding volatile food and energy costs, so-called core prices in the US rose 3.2% in August from 12 months earlier, the same as in July. Wednesday’s report from the Labor Department showed that US consumer prices rose 2.5% in August from a year earlier. It was the fifth straight annual drop and the smallest such … Read more
As the 2024 presidential election approaches, the economic divide in the United States continues to be a pressing issue for many voters. While inflation has been curbed, concerns about the fairness of economic opportunities and the stark disparity between CEO compensation and average worker pay remain at the forefront. A recent report from the American … Read more
A recent survey by Empower, a leading U.S. retirement company, reveals that nearly two-thirds of Americans believe the current economic climate will negatively impact their retirement plans. In a striking finding, 46% of respondents indicated they would be willing to forgo a raise or promotion in exchange for enhanced benefits from their employer. Interestingly, remote … Read more
Small business owners in the U.S. have reported the highest levels of trust and satisfaction in Congress since 2020. However, economic concerns overshadow this optimism. The National Write Your Congressman (NWYC) Q2 2024 Index reveals that 67% of respondents fear an economic downturn. This glaring contrast between rising confidence in lawmakers and deepening anxiety about … Read more
As grocery bills soar, people are scrambling for strategies to stretch their food budget. To conquer both time constraints and high grocery prices, a woman revealed her unconventional strategy for weekday meals: skipping the grocery store altogether and purchasing kids’ meals in restaurants instead! Her approach might raise eyebrows, but it saves her time and … Read more
Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year. The readings came ahead of the release of the central bank’s favoured gauge of inflation later in the day, which could provide more of an … Read more
