The labor market and consumer spending have remained resilient despite the rate hikes (the last one in July), but a resumption of student-loan payments next month will take discretionary spending power out of consumers' hands.
Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.
Ford Motor Co., Barclays Plc and Booz Allen Hamilton Inc. are just some of the companies now targeting workers with previous experience who, for various reasons, have been outside the labor force.
Federal Reserve Chair Janet Yellen said obstacles to bringing women into the workforce will squander the potential of many citizens and cut productivity when the U.S. needs it most.
While Chair Janet Yellen has repeatedly stated that the Fed is likely to raise interest rates gradually, market volatility and the unexpected dip in job gains have delayed such plans.
The odds of a Federal Reserve interest-rate increase as early as June rose after a government report showed payroll gains in January capped the biggest three-month increase in 17 years.
Median income adjusted for inflation rose 2 percent to $223,200 for the wealthiest 10 percent of households from 2010 to 2013. The bottom 60 percent saw the biggest declines.
Federal Reserve economists concluded in a new research paper that much of the decline in labor force participation since 2007 is due to long-lasting structural causes such as the aging of the workforce.
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{
"uri": "/2023/09/21/federal-reserve-leaves-interest-rates-the-same-but-signals-another-hike-in-2023/",
"title": "Federal Reserve leaves interest rates the same, but signals another hike in 2023",
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"summary": "The labor market and consumer spending have remained resilient despite the rate hikes (the last one in July), but a resumption of student-loan payments next month will take discretionary spending power out of consumers' hands.",
"body": null
},
{
"uri": "/2022/10/17/fed-worried-about-risks-of-doing-too-little-on-inflation-412-137704/",
"title": "Federal Reserve officials worried about not doing enough to curb inflation",
"byline": "Craig Torres and Steve Matthews",
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"prettyDate": "October 17, 2022",
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"summary": "Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.",
"body": null
},
{
"uri": "/2022/01/05/scarce-labor-likely-to-plague-u-s-businesses-long-after-covid/",
"title": "Scarce labor likely to plague U.S. businesses long after COVID",
"byline": "Craig Torres and Alex Tanzi",
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"prettyDate": "January 05, 2022",
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"summary": "Slowing labor-force growth means companies will have to reorient their hiring for just about every profession.",
"body": null
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{
"uri": "/2018/11/07/the-next-generation-of-ai-resistant-blue-collar-jo/",
"title": "The next generation of AI-resistant blue-collar jobs",
"byline": "Craig Torres",
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"prettyDate": "November 07, 2018",
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"summary": "Call it the automation paradox: The infusion of AI, robotics and big data into the workplace is elevating the demand for people's ingenuity.",
"body": null
},
{
"uri": "/2017/11/15/low-unemployment-healing-u-s-job-markets-ugly-secr/",
"title": "Low unemployment healing U.S. job market's ugly secret",
"byline": " Craig Torres and Catarina Saraiva, Bloomberg ",
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"prettyDate": "November 15, 2017",
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"summary": "Ford Motor Co., Barclays Plc and Booz Allen Hamilton Inc. are just some of the companies now targeting workers with previous experience who, for various reasons, have been outside the labor force.",
"body": null
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{
"uri": "/2017/05/08/federal-reserve-chair-says-more-women-in-u-s-workf/",
"title": "Federal Reserve chair says more women in U.S. workforce would help boost growth",
"byline": " Craig Torres ",
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"prettyDate": "May 08, 2017",
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"authors": [
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"summary": "Federal Reserve Chair Janet Yellen said obstacles to bringing women into the workforce will squander the potential of many citizens and cut productivity when the U.S. needs it most.",
"body": null
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{
"uri": "/2016/07/27/fed-leaves-main-rate-unchanged-says-risks-have-dim/",
"title": "Fed leaves main rate unchanged, says risks have diminished",
"byline": " Craig Torres ",
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"prettyDate": "July 27, 2016",
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"summary": "While Chair Janet Yellen has repeatedly stated that the Fed is likely to raise interest rates gradually, market volatility and the unexpected dip in job gains have delayed such plans.",
"body": null
},
{
"uri": "/2015/02/06/jobs-report-boosts-odds-of-fed-interest-rate-hike/",
"title": "Jobs report boosts odds of Fed interest-rate hike",
"byline": "Christopher Condon, Craig Torres, Bloomberg",
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"prettyDate": "February 06, 2015",
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"summary": "The odds of a Federal Reserve interest-rate increase as early as June rose after a government report showed payroll gains in January capped the biggest three-month increase in 17 years.",
"body": null
},
{
"uri": "/2014/09/05/median-incomes-fell-for-all-but-richest-in-2010-13/",
"title": "Median incomes fell for all but richest in 2010-13",
"byline": "Victoria Stilwell, Craig Torres, Bloomberg",
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"prettyDate": "September 05, 2014",
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"summary": "Median income adjusted for inflation rose 2 percent to $223,200 for the wealthiest 10 percent of households from 2010 to 2013. The bottom 60 percent saw the biggest declines.",
"body": null
},
{
"uri": "/2014/09/04/smaller-workforces-blamed-on-structural-changes/",
"title": "Smaller workforces blamed on structural changes",
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"prettyDate": "September 04, 2014",
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"summary": "Federal Reserve economists concluded in a new research paper that much of the decline in labor force participation since 2007 is due to long-lasting structural causes such as the aging of the workforce.",
"body": null
}
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