An influx of immigrants helped ease worker shortages, and now their expulsion is helping to mask the country’s weakening demand for labor.
Related Posts
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning, according to senior American and European officials. Until […]
US Poverty Rate Was Stable in 2024, as Household Income Rose Slightly
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.
American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.