Recession risks have eased but the economy is set to slow further in 2020, many economists say. Yet some expect a pickup while others fear a downturn
Author: Paul Davidson, USA TODAY
A booming jobs report isn’t an all-clear signal for the economy
The blockbuster November jobs report, eased recession worries and reflects renewed business confidence in recent months. But the economy is slowing.
Economy added booming 266,000 jobs in November and the unemployment rate fell to 3.5%
Employers added booming 266,000 jobs in November, a total partly inflated by the return of striking GM workers. Economists expected 184,000 gains.
Higher-income consumers pull back on spending, posing a risk to the economy
Higher income households are reining in spending, posing risks for the economy. A volatile market, modest wage growth and taxes are among the reasons
Why aren’t wages rising faster even with low unemployment? Trade war, weaker economy are among reasons
Why aren’t average wages rising faster in light of low unemployment?
Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession
Fed chief Powell tells Congress federal debt is on ‘unsustainable path,’ limiting ability to support economy in a downturn
Hey millennials, look out below! Gen Zers may already be catching up in the salary race
Gen Zers are closing the pay gap with millennials even though they have far less experience. They’re making the most of a tight labor market.
Millennials, Gen Xers to baby boomers: Can you retire so I can get a job promotion?
Baby boomers are putting off retirement and that may be making it harder for millennials and Gen Xers to get promoted: USA TODAY/LinkedIn survey.
Economy added solid 128,000 jobs in October despite GM strike and loss of census workers
Employers added jobs in October. Economists expected 85,000.
Those Fed cuts are adding up. Here’s how lower interest rates affect credit card, mortgage and savings rates
A third Fed rate cut since July will shave borrowing costs on credit cards, home equity lines and other debt. Savers will be pinched.