how calculators can measure change

how calculators can measure change

Hobo_018 | E+ | Getty Images How to measure the effects of dose reductions Covisum, a provider of Social Security claims software, recently updated its calculator to reflect the latest projections from Social Security administrators. The offering includes a free version for consumers and a more complex paid version for financial advisors. Another product, Maximize … Read more

Who are the eager beaver holiday shoppers who don’t mind inflation? Gen Z

Who are the eager beaver holiday shoppers who don’t mind inflation?  Gen Z

New York CNNBusiness — There’s at least one group of shoppers excitedly hitting the mall this holiday season — and they don’t seem too concerned about pesky inflation eating away at their discretionary dollars. They are Gen Z. And it depends on the way they shop. This cohort of consumers born between 1997 and 2012 … Read more

Three signals from today’s jobs report that inflation will remain high

Three signals from today’s jobs report that inflation will remain high

Friday’s jobs report showed the humming U.S. economy adding hundreds of thousands of jobs, suggesting rising prices are here to stay despite the Federal Reserve’s efforts to curb them. The United States added 263,000 jobs in November, far more than economists had expected for a 200,000 job gain, according to the federal jobs report released … Read more

Biden sees economy avoiding recession, but risks remain

Biden sees economy avoiding recession, but risks remain

WASHINGTON (AP) — President Joe Biden reassured Americans Friday that the U.S. economy is faltering during the holiday season, but the sheer strength of the jobs report showed that high inflation remains a recession threat. At the White House, the president signed emergency legislation to avert a railroad strike that he said could have caused … Read more

The November jobs report shows the US economy added 263,000 jobs

The November jobs report shows the US economy added 263,000 jobs

The U.S. labor market remains historically tight, with many employers competing for limited staff and raising wages despite an uncertain economic outlook. Employers added 263,000 jobs in November, holding close to strong gains from the previous three months, when they averaged 282,000 a month, the Labor Department said on Friday. Job growth has slowed since … Read more

November’s jobs report is the most important data for inflation this year — and not in a good way

November’s jobs report is the most important data for inflation this year — and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, while the unemployment rate remained steady at 3.7%. Economists polled by the Wall Street Journal had expected 200,000 jobs to be added. Wages jumped 0.6% in November, twice the expected pace. Below are some initial reactions from economists and … Read more

The Jobs Report keeps the Federal Reserve on track for a 0.5 basis point rate hike

The Jobs Report keeps the Federal Reserve on track for a 0.5 basis point rate hike

Federal Reserve officials have warned that they are likely to raise rates and keep them high enough to slow economic activity and hiring. Photo: SARAH SILBIGER/REUTERS A strong November jobs report keeps the Federal Reserve on track to raise interest rates by half a percentage point at its meeting in two weeks, underscoring the risk … Read more

Singapore and New York are the most expensive cities to live in: EIU

Singapore and New York are the most expensive cities to live in: EIU

New York City, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | Moment | Getty Images Singapore was again ranked as the most expensive city to live in, sharing the top spot with New York this year, according to the Economist Intelligence Unit (EIU). … Read more

Economist Austan Goolsbee has been named the new president of the Chicago Fed

Economist Austan Goolsbee has been named the new president of the Chicago Fed

Economist Austan Goolsbee will take over as president of the Federal Reserve Bank of Chicago early next year as the central bank considers critical policy steps forward, according to an announcement Thursday. Goolsbee will officially take the seat on January 9, 2023, ending the term begun by the outgoing Charles Evans, which will expire on … Read more

Biden and Macron discuss Ukraine, climate, China

Biden and Macron discuss Ukraine, climate, China

WASHINGTON (AP) — Presidents Joe Biden and Emmanuel Macron sat down for centerpiece talks on a pomp-filled French state visit on Thursday, with both leaders eager to talk about the war in Ukraine, concerns about China’s growing assertiveness in the Indo-Pacific and European consternation over the aspects. Biden’s signature of the climate bill. Biden honored … Read more