Fired federal workers will likely be eligible for unemployment — which the government will cover

Thousands of federal workers fired over the past week by the Trump administration will likely be eligible for unemployment benefits, which the federal government is required to pay for, along with … Thousands of federal workers fired over the past week by the Trump administration will likely be eligible for unemployment benefits, which the federal…

Read More

American inflation looks increasingly worrying

By Jerome Powell’s press conferences—sometimes market-moving events—have attracted less notice of late. With Donald Trump in the White House, the chair of the Federal Reserve faces competition for attention. Yet a recent inflation reading has returned prices to the public eye. In January America’s “core” consumer price index, which strips out volatile food and energy…

Read More

How low can unemployment go?

The lowest the unemployment rate has ever gone is 2.5% in 1953. Is it possible for the country to get it that low today? We start this story with a question: How low can unemployment go in this country? It was 3.5% in February 2020, heading into the pandemic. In the pandemic recovery it fell…

Read More