David Espejo | Moment | Getty Images Weary consumers, already grappling with high prices, now face an added potential risk: stagflation. Stagflation — an economic term used to describe a combination of rising inflation, slower economic growth and high unemployment — may be on the horizon, according to economists. “The …
Protesters demonstrate in support of federal workers outside of the U.S. Department of Health and Human Services on Feb. 14, 2025 in Washington, DC. Anna Moneymaker | Getty Images On Feb. 11, Elizabeth Aniskevich, an attorney at the Consumer Financial Protection Bureau, received a notice that she was being terminated …
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a summer slowdown and an autumn marred by disruption. The economy added 256,000 jobs in December, seasonally adjusted, the Labor Department reported on Friday. The number handily beat expectations after two years of cooling in …
For a time, not too long ago, it was the central question animating economic forecasts and bets laid by investors in financial markets: Will the U.S. economy avoid a recession? Now, for many in the business world, that question feels almost passé, part of an earlier, more fretful era of …
U.S. adds 303,000 jobs in March, trouncing expectations – CBS News Watch CBS News New data from the Labor Department shows the U.S. added 303,000 jobs in March, beating the Dow Jones estimated gain of around 200,000 jobs. CBS News business analyst Jill Schlesinger breaks down the numbers and acting …
