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U.S. jobs report: Hiring slows as another 75-basis-point rate increase looms

U.S. jobs report: Hiring slows as another 75-basis-point rate increase looms

The U.S. economy is proving far more resilient in the face of sustained pricing pressures than otherwise thought a short time ago.
Pending home sales fall to their lowest level since April 2020

Pending home sales fall to their lowest level since April 2020

Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates.
The American labor market, business and the post-pandemic economy

The American labor market, business and the post-pandemic economy

Widespread labor shortages are hampering companies’ ability to capitalize on an expanding economy as the country recovers from a pandemic.
How $15 an hour became the de facto minimum wage

How $15 an hour became the de facto minimum wage

The shock to the economy unleashed by the pandemic and the response by workers have radically transformed the wage-earning landscape.