"If this drags on into February, March, then growth rates are going to fall to a place where unemployment will start to rise," economist Mark Zandi warns. » Read More
By: Annie Nova
Some 800,000 federal workers across the country have seen their income suspended as the government shutdown crawls into its fourth week. » Read More |
By: Contessa Brewer
After 27 days of a partial federal government shutdown, Agriculture Secretary Sonny Perdue ordered 2,500 employees on Wednesday to open half the Farm Service Agency offices around the country. It didn't help Farmer George Fetzer secure his loan. » Read More |
By: Thomas Franck, Ryan Browne
U.S. government debt yields rose on Thursday amid news the U.S. could lower tariffs on Chinese goods as both countries continue negotiation on the trade front. » Read More |
U.S.-China trade tensions are adding pressure to Chinese companies already struggling with a slowing economy, analysts say.
Sources told Bloomberg that CEO Tim Cook told employees about the slowdown a day after he sent a letter to investors warning of lackluster sales, particularly in China.
Restaurants have had to get creative to ease staffing pressure. Tech tools and benefit programs are two popular options.
Sen. Sherrod Brown will host events in Iowa and other early primary states in the upcoming months, a sign that the Ohio Democrat is serious about a potential presidential bid.
The Democratic proposal to hike the U.S. minimum wage to $15 per hour from the current $7.25 will likely fail in the GOP-held Senate.
"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.
A LinkedIn top editor explains how job seekers can ensure their resumes go to the top of the pile.
With unemployment in New York City at record lows, the battle for talent is raging as tech giants, including Amazon and Google, lay plans to open new or expanded operations in Manhattan and Long Island City.
Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few tenths of a percent in January due to the impact of the shutdown.
Unemployment offices across the country are reporting an uptick in claims from federal workers. President Donald Trump has said the stalemate could persist for "months or even years."
Job openings edged lower in November but there were still 800,000 more vacancies than there were workers to fill them.
The partial government shutdown becomes the second longest in history — its 18th day — with little signs of progress.
According to a recent McKinsey report, AI and automation will replace 375 million jobs by 2030. The good news: This transformation is expected to boost a number of industries. Here are five sectors to consider to future-proof your career.
"When anybody is saying the economy is going great ... there's a frustration that says, 'Well, the economy's good for who?'" Rep. Alexandria Ocasio-Cortez, D-N.Y., said in an interview with CBS' "60 Minutes" on Sunday.
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Mary Thompson is a general assignment reporter, covering a range of stories from the 2008 financial crisis to Hurricane Katrina.
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