Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet.
Category: United States Economy
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College Graduates Share Their Feelings on Finding Jobs
“In college I was looking forward to becoming an adult, and now I’m here and it’s horrible.” Seventeen 2023 graduates show and tell us how they feel about entering the work force.
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Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?
The Federal Reserve chair spent the early pandemic bemoaning the loss a strong job market. It roared back — and now its fate is in his hands.
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America’s Foreign Vacations Tell Us Something About the U.S. Economy
Prices are high, but Americans are opening their wallets for international flights and hotels. It’s the latest evidence of consumer resilience.
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
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Stock Market Returns Are Deceptively High
While stocks, bonds and money market funds have generated positive returns for the year, a quirk in the calendar is creating deceptively strong performances.
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Investors Look for Reasons the Market Could ‘Grind Higher’
Companies are expected to report a fall in profits, but some analysts see brighter times ahead.
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PepsiCo Reports Big Jump in Profit After Price Increases
The maker of Gatorade and Lay’s, which nearly doubled its profit in its latest quarter, has been raising prices by double-digit percentages for more than a year.
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Anchor Brewing, the Oldest Craft Brewer in the U.S., Will Close After 127 Years
“The stake through the heart of Anchor was the pandemic,” a company spokesman said.
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Looming U.S. Investment Restrictions on China Threaten Diplomatic Outreach
Any such restrictions are expected to anger Beijing and will be the first test of the new channels of communication that the world’s two largest economies are trying to restore.
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Airfare Prices Fall, Helping Bring Down Overall Inflation
Ticket prices are subject to several idiosyncratic factors, but they have eased markedly since last summer’s surge in demand.
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Inflation Cools Sharply in June, Good News for Consumers and the Fed
The Consumer Price Index moderated considerably in June compared with a year earlier, offering relief to Americans after two years of rapid inflation.