Supply chain showing signs of improvement, expert says
The U.S. supply chain appears to be showing signs of improvement. LiveNOW from FOX's Josh Breslow spoke with Phil Levy, the chief economist at Flexport to break it down.
The U.S. supply chain appears to be showing signs of improvement. LiveNOW from FOX's Josh Breslow spoke with Phil Levy, the chief economist at Flexport to break it down.
These US states are raising minimum wage in 2023, with 4 above $15
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
More than 20 states are raising their minimum wage next year, some adjusting for inflation and others to build their way up to the called-for $15 an hour.
More Americans getting a second job as high inflation rages
High inflation is pushing more Americans to take on a side hustle.
High inflation is pushing more Americans to take on a side hustle.
Rail workers say deal to avoid strike won't resolve quality-of-life concerns
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
Workers and their unions say the deal doesn't do enough to address their quality-of-life concerns and doesn't add any sick days.
Fed Chair to speak ahead of next interest rate hike
With the Fed Chair expected to speak Wednesday afternoon, LiveNOW from FOX's Josh Breslow spoke with FOX Business Network's Edward Lawrence about what Jerome Powell will say.
With the Fed Chair expected to speak Wednesday afternoon, LiveNOW from FOX's Josh Breslow spoke with FOX Business Network's Edward Lawrence about what Jerome Powell will say.
Are we in a recession? Economic expert says yes | LiveNOW from FOX
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun. But economists say that wouldn’t mean that a recession had started. During those same six months when the economy might have contracted, businesses and other employers added a prodigious 2.7 million jobs — more than were gained in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. The job market’s strength is a key reason why the Federal Reserve is expected to announce another hefty hike in its short-term interest rate on Wednesday, one day before the GDP report. Several Fed officials have cited the healthy job growth as evidence that the economy should be able to withstand higher rates and avoid a downturn. Many economists, though, are dubious of that assertion.
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun. But economists say that wouldn’t mean that a recession had started. During those same six months when the economy might have contracted, businesses and other employers added a prodigious 2.7 million jobs — more than were gained in most entire years before the pandemic. Wages are also rising at a healthy pace, with many employers still struggling to attract and retain enough workers. The job market’s strength is a key reason why the Federal Reserve is expected to announce another hefty hike in its short-term interest rate on Wednesday, one day before the GDP report. Several Fed officials have cited the healthy job growth as evidence that the economy should be able to withstand higher rates and avoid a downturn. Many economists, though, are dubious of that assertion.
Are we in a recession? Economic expert says yes | LiveNOW from FOX
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn?t the one that counts.
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn?t the one that counts.
Biden gives remarks on US economy after release of May jobs report
President Joe Biden spoke about the release of the May jobs report, showing U.S. employers added 390,000 jobs, in remarks on June 3, 2022.
President Joe Biden spoke about the release of the May jobs report, showing U.S. employers added 390,000 jobs, in remarks on June 3, 2022.