Economy

Class of 2024 college grads are entering an economy full of service-sector and part-time roles that don’t require diplomas, but their prospects still aren’t half bad.

The evidence can be found in the data, which shows higher unemployment for workers in business services and a lower one for people who work in manufacturing.

Even as inflation remains stubbornly high and some signs of slowing growth emerge, today's economy can't be compared to the problems of the 1970s, Powell said.

Consumers will have to keep waiting for price increases to slow further, experts say.

Job gains were strongest in leisure and hospitality, which posted an increase of 56,000.

Donald Trump’s second-term economic agenda includes aggressive tariff hikes, tax cuts and cheap money policy, all of which analysts say could threaten to reheat inflation.

“The baby boomers are the richest retiring generation we’ve ever had."

The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer or even have to hike at some point.

Fed officials expect to begin lowering rates at some point, but the timeline has shifted as inflation remains above the central bank’s target 2% rate.

Consumers showed they are still spending despite the elevated price level, with personal spending up 0.8% on the month.

The rate of homicides against Black and Latino workers has also reached an all-time high.