indicators

STANFORD, Calif.—A former senior Federal Reserve official said it was likely that the central bank would need to raise its benchmark interest rate over the next year to at least 3.5% or to even higher levels that deliberately slow economic growth to bring down inflation. Q&A Breaking Down the U.S. Economic Outlook with Larry Summers Former Treasury…

There are two ways for the job market to cool off. One is for hiring to slow considerably. The other is for more people to enter the labor force. The latter is obviously preferable, but it isn’t clear how much of the latter the U.S. is going to get. The Labor Department on Friday reported that the economy added a seasonally adjusted 428,000 jobs in April—equal with March’s gain and showing employment is growing at a heady clip. The unemployment rate, which is based off a separate survey,…

Wage increases are settling at a historically high rate but aren’t keeping up with inflation, which has accelerated this year.The result is many workers are receiving big raises—and may still be struggling to pay for more expensive gasoline, groceries and rent. Strong wage growth can exacerbate inflationary pressures if employers decide to increase prices to offset raises. However, economists said the latest readings could be a sign that such pressures are starting to ease. The tight labor market boosted average hourly…

The U.S. labor market extended a run of rapid job growth last month despite jittery markets and increased economic uncertainty, as employers rushed to serve waves of consumers who are shopping, dining out and traveling more.The economy added 428,000 jobs in April, duplicating March’s increase and marking the 12th straight month of gains above 400,000, the Labor Department said Friday. The unemployment rate remained at 3.6%, just a shade above the prepandemic level of 3.5%, a half-century low.…

American consumers are at a crossroads. In large part, they have weathered the economic storm caused by the pandemic, saved lots of money and contributed to the continuing recovery. While wages have continued to grow at a strong pace and household spending rose 1.1% in March, some signals are pointing toward a potential shift in how—and how much—Americans will spend in coming months, hinting at cracks in the economy’s main driver. Restaurants…

CEO Jamie Iannone says the company is better positioned to withstand changing consumer habits—and rising inflation. CEO Jamie Iannone says the company is better positioned to withstand changing consumer habits—and rising inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Over the years, we've seen bike lights/turn indicators incorporated into wearables such as helmets, backpacks, gloves and jackets. The Flasher system takes yet another approach, by fastening the things around your arms.Designed by an Austrian startup of the same name, Flasher simply consists of two snap-on one-size-fits-most armbands. Each band contains a total of 24 Cree LEDs located both in the articulated silicone cuffs, and the front and back of the main rigid module. Users press a center button on that module to…