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Job loss is a ‘reality’ of the business cycle, says labor expert. Take these 6 key steps after a layoff

Halfpoint Images | Moment | Getty Images1. Take a financial inventoryAmong the first things to do if you lose your job is take stock of financial resources at your disposal, according to financial advisors.Those may include other streams of income such as a partner's salary, as well as emergency

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Wall Street layoffs likely ahead as two-year hiring boom turns to bust

People walk by the New York Stock Exchange.Spencer Platt | Getty Images News | Getty ImagesLess than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs.Now, thanks to a confluence of factors that have cast a pall over markets and

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Beyonce’s ‘Break My Soul’ is a sign the Great Resignation ‘has seeped into the zeitgeist,’ says labor economist

Beyoncé released a new single, "Break My Soul," on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend.Larry Busacca | PW18 | Getty ImagesThe Great Resignation is part of the zeitgeist. If you need proof, just ask Beyonce.The superstar singer's new

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Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery."The Fed only has one tool to bring in inflation and that is they have to slow demand," the Bianco Research president told CNBC "Fast

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Fraud had ‘significant’ role in $163 billion leak from pandemic-era unemployment system

Courtneyk | E+ | Getty ImagesMore than $163 billion in benefits likely leaked from the unemployment system during the pandemic, with a "significant portion" attributable to fraud, according to a U.S. Department of Labor report.Congress created many new programs in March 2020 to support millions of people who lost

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As Klarna cuts jobs, rival fintechs say they’re recruiting for hundreds of roles

Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesNot all fintech unicorns are cutting jobs.After Klarna announced plans to lay off 10% of its workforce Monday, some rival fintechs are making it clear that they have no intention of cutting jobs or

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Americans are more stressed about money than ever, and it’s hurting our mental health

Americans are more stressed about money than they've ever been, according to the American Psychological Association's latest Stress In America Survey."Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what's driving their stress," said Vaile Wright, senior director of health care innovation at

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation

The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.Some observers believe the U.S. government may have misread the looming threat of inflation. During

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