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Federal Reserve Chair Jerome Powell said the committee decided to leave rates unchanged following 10 straight hikes while indicating that at least two more increases might be necessary in 2023 - and possibly as soon as July.

A second version of a research paper from last fall shows higher percentage of losses.

Labor markets are still tight, possibly leaving employers with less leverage than they think.

For households making $200,000 or more annually, 113,800 lost a job in the previous four weeks, which is six times larger than a year ago, according to the latest Census Bureau household pulse survey.

There are complicated trade-offs between productivity and knowledge transfer.

After eight consecutive rate hikes, the Federal Reserve raised interest rates again on Wednesday, pushing the federal funds rate to the highest level since 2007.

Experts are at odds of exactly when but only a quarter expect a recession in March, a third say in the second quarter of the year, while 20% say the third quarter, according to professional economic forecasters.