Economy

The Job Openings and Labor Turnover report for April showed that the quits rate has dropped back to average levels in 2019.

Fast-food workers, who are often paid low wages and work limited hours, make up 11% of homeless workers in California, a study finds.

“I wanted to have something that I could easily add on to my current workload,” says chemist April Oliver of Bozeman, Montana.

Reduced government spending can have an impact on the broader economy. But economists say the effects will likely be limited.

People in that age group have less time left to earn or save money for retirement and have had more time to accrue debt.

The ratio covers people 25 to 54 years old. The strong participation means employers looking to hire may have a hard time finding workers.

As of 2020, people living alone made up 27% of new households. That trend has been accelerating.

Shipments of new vehicles are down over 50% since their pandemic highs as the industry heads into summer.

The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.

Predicting the exact timing of a government default is difficult, given the amount of the variability in government spending and revenue.