Goldman Sachs cuts US recession odds to 15% as economic optimism grows
New York CNN — Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many…
What the August jobs report means for the Fed
Washington, DC CNN — The long-robust US job market is continuing to cool, according to several economic indicators released this…
China stops releasing youth unemployment data after it hit consecutive record highs
Hong Kong CNN — China has suspended the release of monthly data on joblessness among young people, after the figure…
Mortgage rates rise to just short of 7%
Washington, DC CNN — US mortgage rates remained elevated this week, rising for the third week in a row, but…
Illegal child labor on the rise with nationwide violations found, Labor Department says
New York CNN — A 14-year-old boy who cleaned meat cutting machines was “falling asleep in class and missing class…
Americans’ wages are finally outpacing inflation. But could it last?
Minneapolis CNN — US wages have been on the rise, but it sure hasn’t felt like it. For more than…
Expect more rate hikes from the Fed after the latest jobs report
Washington, DC CNN — An interest rate hike later this month was already in the cards for the Federal Reserve.…