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Work flexibility, stimulus helped fuel pandemic ‘baby bump,’ study shows
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Work flexibility, stimulus helped fuel pandemic ‘baby bump,’ study shows

New York CNN Business  —  Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby bump,” according to the economists behind a new working paper released earlier this week. Economists from UCLA, Northwestern and Princeton universities found that pandemic trends, such as increased work flexibility, helped push up US birth...

Made in America is back, leaving US factories scrambling to find workers
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Made in America is back, leaving US factories scrambling to find workers

New York CNN Business  —  US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Friday’s September jobs report showed US manufacturers added another 22,000 workers in September, increasing employment in the sector by nearly 500,000 over the course of the last 12...

Opinion: The Fed doesn’t have a choice anymore. Get ready for a recession
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Opinion: The Fed doesn’t have a choice anymore. Get ready for a recession

Editor’s Note: Gad Levanon is the chief economist at the Burning Glass Institute. He’s the former head of The Conference Board’s Labor Market Institute. The opinions expressed in this commentary are his own. To many economists and analysts, the US economy has represented a paradox this year. On the one hand, GDP growth has slowed...

Federal Reserve: Fed goes big again with third-straight 75-basis-point rate hike
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Federal Reserve: Fed goes big again with third-straight 75-basis-point rate hike

Washington, DC CNN Business  —  The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy. The supersized hike, which was unfathomable by markets just months ago, takes the central bank’s benchmark lending rate to a new...

The US job market remains strong but is moderating, with 315,000 positions added in August
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The US job market remains strong but is moderating, with 315,000 positions added in August

Minneapolis CNN Business  —  The economy added 315,000 jobs in August, exceeding economists’ expectations but far below July’s blowout report, when employment surged by a revised 526,000 positions. The nation’s unemployment rate rose to 3.7% from 3.5%. The monthly jobs total is a key data point for the Federal Reserve, which is battling the highest...