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September Jobs Report: 263,000 Payrolls Added, Unemployment at 3 5%

Job creation slowed for the second straight month but remains above the pre-pandemic average, showing that the US is still nowhere near a recession.

Talent insiderLabor marketEconomic indicatorsEconomic dataLabor marketsLabor market dataJobs dayJobs reportUnemployment rateNonfarm payrollsS indeedsmbq3 tiP 2022 tiDit seriesEn winckAdison hoffUliana kaplan

Looming Global Recession Will Be Worse Than Expected, IMF Says

The world is set to lose $4 trillion in economic output the size of Germany's economy by 2026, IMF managing director Kristalina Georgieva said.

Economic outlookRecession forecastInternational monetary fundKristalina georgievaGlobal recessionEn winck

Wage Gains for Job Switchers Are Quickly Cooling Down, ADP Says

Job switchers' wages rose 15.7% in the year through September, ADP said. That's down from August's 16.2% gain and likely to fall further.

Economic dataEconomic indicatorsAdp employment reportDay growthWage growthLabor marketLabor market dataEn winck

Elizabeth Warren Report Finds Rampant Fraud at Payment Service Zelle

Zelle repaid just $3 million in payments for the over $200 million in fraud through 2021 and early 2022, a report from Sen. Elizabeth Warren found.

Elizabeth warrenBuy now pay laterJp morgan chaseAson lalljeeEn winck

Mortgage Rates Climb to Highest Since Peak of 2000s Housing Bubble

The average rate on a 30-year fixed-rate mortgage rose to 6.75% from 6.52% last week, the Mortgage Bankers Association said Wednesday.

Housing marketMortgage ratesNew home salesExisting home salesMortgage applicationsMortgage bankers associationFederal reserveLcynna lloydEn winck

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