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

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

[ad_1] 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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Cuts to unemployment benefits didn’t spur jobs, report says

Cuts to unemployment benefits didn’t spur jobs, report says

[ad_1] A "We're Hiring" sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021.John Paraskevas/Newsday RM via Getty ImagesState cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn't play a big

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Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead

Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead

[ad_1] San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018.Ann Saphir | ReutersSan Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost

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Many Americans face big tax bills on 2021 unemployment benefits

Many Americans face big tax bills on 2021 unemployment benefits

[ad_1] A Miami-Dade County job fair in Miami on Dec. 16, 2021.Eva Marie Uzcategui/Bloomberg via Getty ImagesMany Americans who collected unemployment benefits in 2021 may be on the hook for big bills this tax season.The federal government and most states treat unemployment benefits as taxable income.However, tax wasn't collected on

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64% of unemployed men in their 30s have criminal records, a barrier to landing a job

[ad_1] Geri Lavrov | Moment | Getty ImagesMore than half of unemployed men in their 30s have criminal records — a dynamic with implications for hiring practices and ongoing challenges finding workers during the pandemic-era labor crunch, according to research published by economists at RAND Corp.About 6% of men at

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Is a scammer getting unemployment benefits in your name? Victims will find out this tax season

[ad_1] Photo by Rafa Elias | Moment | Getty ImagesMany victims of identity theft linked to unemployment fraud will learn of the crime this tax season.Such fraud — whereby organized crime rings and other thieves use stolen personal data to claim unemployment benefits in others' names — has surged during

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