Workers 55 and over made up half of all employment gains in 2018. Many baby boomers are choosing to work longer, attracted by a healthy labor market
Author: Paul Davidson, USA TODAY
December jobs report: 312,000 added, easing recession fears amid stock turmoil
The labor market bounced back in December as employers added312,000jobs amid stock turmoil and increasing worker shortages, easing recession fears.
Economy’s weaknesses in 2019: Trade war, fading stimulus, rate hikes could slow growth
U.S. trade war with China, rate hikes , fading fiscal stimulus are economic obstacles in 2019. Toss in slowing business spending, tepid housing market
Economy’s strengths in 2019: Strong job market, consumer spending and low inflation
A strong job market, healthy consumer spending and low inflation should drive growth in 2019. While the economy will slow, it should post solid gain.
Jobs: Blue-collar fields revved up hiring this year as white-collar sectors moderated
Blue-collar fields stepped up hiring in 2018 as white-collar sectors moderated. Credit improved global economy, housing recovery, rising oil prices
Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell
Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.
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Q&A: Does the stock market sell-off mean a recession is coming?
Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.
Will the hot economy and job market go cold in 2019?
Economic growth is expected to slow next year but still turn in a solid performance. Consumer spending should be healthy while housing, trade hurt gain
Fed decision: Central bank lifts interest rates, lowers forecasts to two hikes in 2019
The Federal Reserve raised interest rates and forecast two more hikes next year. The Fed aims to prevent a run-up in inflation.
How latest Fed rate decision affects rates on credit cards, mortgages, savings accounts
How the latest Fed rate hike affects what you pay on credit cards, mortgages, auto loans as well as your bank savings account.