Millions of Americans stopped working from home in 2022, according to a new report from the Labor Department.
The agency said about 72 percent of private-sector reported little to no telework among employees between August and September. That is compared to about 60 percent in roughly the same period in 2021. Prior to the pandemic, 76.7 percent of companies reported little to no remote work.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
