U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.
Although we have dodged the bullet for now, the threat of a recession is always a concern for policy makers. The question is: will we be prepared next time? In this episode, we consider an alternative approach to stabilizing the economy during a recession through automatic monthly cash payments. The hope: faster relief, a reduced racial wealth gap and predictable income. Can it work?
Economists say the state’s economy may experience a slowdown in 2024 but will likely avoid a recession. Business and civic leaders in Columbus who attended the University of Georgia’s Economic Outlook Tuesday heard the 2024 economic forecast for Georgia and the Columbus region from experts about job growth, inflation and other factors that could impact the financial picture.
State economist Bob Bushman gave a financial forecast for Georgia on the first day of the Legislature’s budget hearings. Gov. Brian Kemp made remarks virtually.
The author of the 'Sahm Rule' is less worried about rising unemployment this time, even though October's rate was up 0.5% from a recent low...a jump typically associated with the onset of recession.
Consumers kept spending and businesses investing in the first half of the year, leading to healthy growth in the U.S. GDP. But there's still some apprehension about a possible recession. Here's why.
As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive.
The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. High inflation hit consumer spending.
From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.
With so many people still working from home, companies are cutting back on office space. That spells trouble for small businesses that depend on foot traffic.
Weeks after the collapse of Silicon Valley Bank, lenders are getting stingier about making loans. That makes it harder for businesses trying to grow and – and it raises the risk of recession.
The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.
