SipothembaAmericans are once again quitting their jobs at a growing rateverified_publisherQuartz - Nate DiCamilloAmericans wrapped up 2022 by quitting more. The overall quits rate grew in November after staying steady or declining for nine months, according to new data from the US Bureau of Labor Statistics. The overall quits rate climbed from 2.6% in October to 2.7% in November. Quits in the private sector …
SipothembaBonds May Be Having Their Worst Year Yet (Published 2022)verified_publisherThe New York Times - Jeff SommerThis has been the most devastating time for bonds since at least 1926, and maybe in centuries. But, our columnist writes, much of the damage is already behind us. It is a horrible time for stocks, which have spent the year in a bear market. But guess what? When you look at the historical record, …
SipothembaBuckle up, America: The Fed plans to sharply boost unemploymentverified_publisherCBS News - By Irina IvanovaIn case the U.S. economy wasn't hurting enough already, the Federal Reserve has a message for Americans: It's about to get much more painful. Fed …
SipothembaStock market losses wipe out $9 trillion from Americans' wealthverified_publisherCNBC - Robert FrankFalling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and …
SipothembaFederal Reserve Bank rep says expect higher unemployment in 2023, more interest rate hikesverified_publisherCBS News - By Erin HassanzadehMINNEAPOLIS -- There are plenty of economic concerns among Americans as of late, with rising interest rates and inflation still as high as many can …
SipothembaWeighing the Risks of Inflation, Recession, and Stagflation in the U.S. Economyverified_publisherHarvard Business Review - Philipp Carlsson-Szlezak, and Paul Swartz, and Martin ReevesIt’s easy to point to the U.S. economy’s vulnerabilities: Despite the strong labor market and strong household balance sheets, consumer confidence has been depressed for a while, likely driven by energy prices. Deteriorating business sentiment can weigh on investment rapidly, robbing the economy of …
