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EXPLAINER: How do we know when a recession has begun? - Vimarsana News

EXPLAINER: How do we know when a recession has begun?

The government has updated its estimate of the U.S. economy’s performance in the April-June quarter and confirmed what it had reported last month: That the economy shrank for two straight quarters

Source: go.com
US retail sales were flat in July as inflation takes a toll - Vimarsana News

US retail sales were flat in July as inflation takes a toll

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously

Source: go.com
Wall Street falls as jobs data suggests Fed hikes not over - Vimarsana News

Wall Street falls as jobs data suggests Fed hikes not over

Stocks are closing mostly lower Friday after new data on the hot U.S. jobs market suggested the Fed won’t soon rein in its aggressive rate hikes. The S&P 500 is

With recession anxiety growing, hiring may be cooling off - Vimarsana News

With recession anxiety growing, hiring may be cooling off

America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. July’s hiring was up from 398,000 in June.

US employers add 528,000 jobs; unemployment falls to 3.5% - Vimarsana News

US employers add 528,000 jobs; unemployment falls to 3.5%

Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country’s hiring boom continued

Source: go.com