During the Great Depression, unemployment rates soared to 25%, wiping out savings accounts and leaving millions destitute.
Investors are nearly certain that the Federal Reserve will announce a quarter-point cut to its benchmark interest rate ...
Involuntary part-time employment—the share of people who work less than 35 hours per week but want and are available to work full-time—has increased since 2023. While this contrasts with steady ...
Investors had expected roughly 75,000 new jobs in August and for the unemployment rate to rise a tenth of a percentage point to 4.3%. “My thoughts are, ‘Ouch,’ that’s pretty doggone soft and has been ...