Productivity growth allows companies to pull in more profits, which can allow them to raise wages. But recently, wage growth has slowed — even as productivity has stayed strong.
“It's something I've done myself and have seen amongst other younger female job seekers,” said freelance writer Megan Robinson. “But in my own case, and in the other women I interviewed, it didn't help any of us get a job.”
Wealthy people have been driving an increasing share of consumer spending over the last year. That’s largely because asset values have been increasing, encouraging wealthy people to keep spending money.
Here’s how small businesses are looking at the two prongs of the Federal Reserve’s dual mandate — keeping prices stable and employment steady — after news of the DOJ probe.
The percentage of Americans out of work for 27 weeks or longer hit 26% in December. It's more evidence of a low-hire, low-fire economy — and that AI is starting to replace certain jobs.
Initial claims for unemployment benefits fell by 16,000, to 199,000, well below what economists were expecting. It’s the second-lowest reading in the last two years.
