Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Inflation
Job Openings Held Nearly Steady in November, Showing Still-Strong Labor Demand
The historically high levels of available positions showed demand for labor remained strong at the end of 2022. Source link
Here’s what will drive markets this year | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Stay for Pay? Companies Offer Big Raises to Retain Workers
EconomyU.S. EconomyRecent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Source link
Here’s what could tip the global economy into recession in 2023 | CNN Business
London CNN — The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central...
Consumer Spending Tapered Off Ahead of the Holidays
Households boosted spending on services while cutting outlays on goods, including autos. The outlook for the holiday-shopping season remains murky....
UK wages next year will be at their lowest level since 2006, report says | CNN Business
London CNN — Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed....
Japan’s consumer inflation hits fresh 40-year high | CNN Business
Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data...
Why America’s economy remains surprisingly strong — but you don’t realize it | CNN Business
New York CNN Business — Each week brings head-scratching contradictory news about the economy. This past week was no different,...
White House Looks at Benefits to Lure Americans Back Into Workforce
Biden administration officials are focusing on lagging worker participation as they craft a 2023 economic agenda. Source link
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
U.S. Inflation Eased in November, CPI Report Shows
U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021, the Labor Department said...
Inflation cooled more than expected in November | CNN Business
Minneapolis CNN — Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as...
Slowing Growth Edges Out Inflation as Top Concern
Equities and fixed-income markets have diverged in December, suggesting that investors’ preoccupation with inflation is fading. Source link
Why we think we’re in a recession when the data says otherwise | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise
The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point...
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
Spending Report to Offer Clues About Consumers’ Strength This Holiday Season
EconomyGovernment to release October figures on spending, inflation and income Source link
Third-Quarter U.S. Growth Was Stronger Than Previously Thought
Job openings in October remained high and far exceeded the number of people seeking work. Source link
Inflation in Europe drops for the first time in 17 months | CNN Business
London CNN Business — For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by...
