Mortgages

During recessions, not only do layoffs accelerate, but hiring drops sharply, exacerbating the labor market weakness.

The jobless rate jumped to 4.4% — the highest since 2017 — from a half-century low of 3.5%, and is expected to surge above 10% in the coming months.

Unemployment insurance will cover more workers and be extended to four months, bolstered by $600 weekly.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Resumes fail to predict performance and perpetuate existing demographic inequities in the workforce, stalling socioeconomic mobility, creating compliance risks and scaring off potential employees.

The bank is grappling with risks from the Hong Kong protests and China’s coronavirus outbreak, among other financial strains.

Recent college graduates are more likely to be out of work than the population as a whole and their salaries are lower.

Hiring remained flat in the fourth quarter after a series of declines in 2019 and more companies reported difficulty in finding qualified workers.

Jobless claims are at the lowest rate since the end of September.

Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.