Nobel economist Paul Krugman says this is the best job market in decades, and the Fed doesn't need high unemployment to bring down inflation

Tech Insider
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People walk by a Help Wanted sign in the Queens borough of New York City on June 04, 2021 in New York City.

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Here's why people shouldn't freak out yet about losing their jobs to AI automation

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Economics writer Noah Smith talked about why we should freak out—yet— about AI automating our jobs.

OpenAI

Black Americans are more likely to be working than white Americans for the first time on record

Tech Insider : Economy
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A hot labor market "incentivizes employers to reach out to pools of talent they've historically overlooked," Daniel Zhao, lead economist at Glassdoor, told Insider.

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US stocks edge higher as investor await important March jobs report

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Reuters / Brendan McDermid

US stocks slip as investors assess health of the economy ahead of key jobs report

Tech Insider

Trader NYSE

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The banking fiasco threatens lending, commercial real estate, and economic growth, Wharton professor Jeremy Siegel says

Tech Insider
Jeremy Siegel, Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, on an interview on December 30, 2014.
Jeremy Siegel.

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I'm a Stanford professor who's studied organizational behavior for decades. The widespread layoffs in tech are more because of copycat behavior than necessary cost-cutting.

Tech Insider : Economy
Stanford professor Jeffrey Pfeffer
Stanford professor Jeffrey Pfeffer says copycat behavior is a key factor in the mass layoffs sweeping tech, finance, and other industries.

Nancy Rothstein

Brace for the S&P 500 to plunge 50% and a painful recession to strike as the 'everything bubble' bursts, elite investor Jeremy Grantham warns

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Jeremy Grantham.

REUTERS/Nicholas Roberts

The Fed wants higher unemployment because it would bring down inflation

Tech Insider : Economy

Good morning readers. Phil Rosen here. It's jobs day today. 

If the reading comes in too hot, the Fed's going to have even more ammunition to push interest rates higher in the coming months — and every move higher tightens the screws on the economy even more, ramping up risk of a recession. 

Dow falls 543 points as US stocks slide ahead of important February jobs report

Tech Insider : Economy
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