layoffs

Why do workers have the “upper hand” in the labor market today

Why do workers have the “upper hand” in the labor market today

Luis Alvarez | digital vision | Getty Images Employer demand for workers has remained historically strong — meaning workers have the ability to negotiate better salaries, benefits and other aspects of their jobs, according to economists. There were more than 11.2 million jobs in July, up 199,000 from June, according to a US Department of …

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Economist Stephen Roach warns that the US needs a miracle to avoid a recession

Economist Stephen Roach warns that the US needs a miracle to avoid a recession

Negative economic growth in the first half of the year may be a harbinger of a much deeper downturn that could continue into 2024. Stephen Roach, who served as president of Morgan Stanley Asia, warns that the US needs a “miracle” to avoid a recession. “We will definitely face a recession as the late effects …

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