Economists are feeling dismal for a reason. IS/Getty Images Christopher Decker, University of Nebraska Omaha Don’t be overly fooled by seemingly rosy jobs data heading into the Labor Day weekend. Yes, the U.S. economy added 187,000 jobs in August 2023 – faster than the revised 157,000 increase for July and above most analysts’ expectations for
Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. And the GOP now holds a House majority intent on blocking the president. The
Image courtesy of Deposit Photos Black Friday is one of the busiest shopping days of the year. AP Photo/Bebeto Matthews Ayalla A. Ruvio, Michigan State University and Forrest Morgeson, Michigan State University Retailers are gearing up for another blockbuster holiday shopping season, but consumers burned by the highest inflation in a generation may have other
Image courtesy of DepositPhotos Living with high inflation and a tumultuous economy requires a change of mindset, says Richard P. Rosen, associate professor of personal and family financial planning University of Arizona researcher Rick Rosen doesn’t mince words when it comes to inflation and the specter of recession: It’s going to be rough, he says. But Rosen,
Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is that economic uncertainty isn’t going away anytime soon. But there are steps you
When President Joe Biden says something isn’t inevitable, it is time to count on it as a deadlock guarantee. The president’s handling of events has been poor and the same with his policies. But nothing has been quite as bad as his snakebit, maladroit, poorly informed, dishonest attempts to spin away the miserable results of