US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday.
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An alarming 55% of Americans said they’d lose everything if there was a recession. By the traditional definition, the U.S. is not in a recession, but stubborn inflation, high interest rates, and the failure of two U.S. banks have Americans worried the economy could crest the tipping point downward...
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Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. However, the U.S. economy is slowing.
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Indicators that sensational job growth since the COVID pandemic is coming to a close are becoming more obvious, one bad sign being a drop of 800 jobs in Durham-Chapel Hill according to the latest North Carolina employment report. But there are others. Is a recession coming as hiring slows and interest rate hikes continue to bite?
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Goldman Sachs is predicting the economic climate for 2023, as the bank’s investment strategy group is predicting heavy fog for the economy in 2023.
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Friday’s U.S. jobs reports show many positives – from growth in jobs to a drop in unemployment to labor participation rate – leaving economists such as Dr. Mike Walden of N.C. State wrestling to get a handle on the report’s impact.
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Whether a global recession materializes may come down to three factors: what central banks do next, the consequences of China’s nascent reopening and energy prices. Here’s how each of these variables could dictate the year ahead.
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America’s job market continues to defy expectations. But there’s another warning sign that has economists concerned.
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Economist Dr. Michael Walden told WRAL TechWire on Thursday that the latest data on US GDP for the third quarter shows the country is not in a recession.
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