Page 17 - Mark Hamrick News Today

216,000 jobs were added last month, the latest sign the American labor market remains resilient even in the face of still-high interest rates.

The job market has moderated, the government says, and labor conditions are getting closer to the pre-pandemic norm.

The December jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.

Inflation slowed much faster than expected last year, but economists still aren’t optimistic that the inflation problem will be solved for another year — if not more.

The U.S. economy has been surprisingly resilient and dodged recession forecasts for more than a year now. Even so, economists say the risks of one are still high.

The majority of experts (93 percent) surveyed for Bankrate’s latest Economic Indicator poll say the Fed will cut rates in 2024.

Experts have now upgraded their forecasts for the labor market for three consecutive quarters, though they continue to expect a hiring slowdown.

The long streak of rising home prices is finally stabilizing.

Tens of millions of older Americans will see a modest increase in benefits this January when a new cost-of-living adjustment is added to Social Security...

Tens of millions of older Americans will see a modest increase in benefits this January when a new cost-of-living adjustment is added to Social Security...