2022 was the ‘real year of the Wonderful Resignation,’ suggests economist

Important Points

About 50.5 million persons stop their employment in 2022, besting the prior history set in 2021, in accordance to the federal JOLTS report.
The pandemic-period craze of elevated voluntary departures arrived to be recognized as the Excellent Resignation.
Most folks give up to choose new jobs, not to depart the workforce altogether. Enough occupation prospective customers, increased wages and distant perform helped gasoline the craze.

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Finance

Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact

August 2, 2025

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. CNBC Berkshire Hathaway on Saturday reported a small decline in second-quarter operating earnings as Warren Buffett’s conglomerate warns of negative impacts from steep U.S. tariffs. Berkshire’s operating profit […]

Finance

‘The eye of the hurricane’: Why the U.S. job market has soured, economists say

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Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]

Finance

BlackRock’s Rick Rieder says a half-point rate cut by the Fed in September is possible

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Rick Rieder, BlackRock’s chief investment officer for global fixed income, said July’s dismal jobs report opened the door for a jumbo rate cut from the Federal Reserve next month. “We would argue that the evidence the Fed needed in order to justify a cut in September has arrived in today’s report,” Rieder said in a […]