Economy

College debt is one of the largest financial burdens young people face today

9:33am June 05, 2022

by Ayesha Rascoe

Nearly half of college students who take out loans for school don't finish within six years. Isabelle Praget is struggling with this kind of debt, and she speaks with Ayesha Rascoe about it.

Lifeguard Maggie Storti (left) keeps an eye on visitors to the North Boundary Park swimming pool and waterpark on July 9, 2020, in Cranberry Township, Pa.

Lifeguards are scarce, and it might be affecting your local pool

7:00am June 05, 2022

by Rina Torchinsky

The shortage — affecting about a third of U.S. public pools — has led some to reduce hours or close altogether. The pandemic and earlier rhetoric about work visas for foreigners led to the problem.

The job market was strong in May, but is still overshadowed by high inflation

4:27pm June 03, 2022

U.S. employers added 390,000 jobs in May — good news for the White House, which is trying to show it's hard at work to bring down inflation. Price increases are still outpacing people's paychecks.

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant near Gruenheide, Germany, on March 22. Musk reportedly wants to lay off 10% of staff because of his worries about the economy.

Economy

Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs

2:21pm June 03, 2022

by Brittany Cronin

Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.

Economy

In this economy, it's a good time to be looking for work

11:02am June 03, 2022

The Labor Department said Friday that U.S. businesses added 390,000 jobs in May as the unemployment rate held steady at 3.6%. The unusually tight labor market is adding to inflation worries.

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A 'now hiring' sign is displayed outside of a Burlington Coat Factory retail store in downtown Los Angeles on March 11.

Economy

The job market stays red-hot with the unemployment rate near a pre-pandemic low

11:01am June 03, 2022

by Scott Horsley

U.S. employers added 390,000 jobs in May as the labor market stays hot. The unemployment rate held steady at 3.6%.

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News brief: Biden's gun speech, Uvalde shooting probe, May unemployment

6:20am June 03, 2022

An emotional President Biden pleads with Congress on gun control. Some in Uvalde, Texas, support limits on the most lethal firearms. May's jobs report is likely to show a moderate slowdown in hiring.

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The biggest inflation spikes are in cities thought of as 'affordable,' like Atlanta

5:14pm June 02, 2022

by Stephannie Stokes

Atlanta's inflation rate is one of the highest in the country. Housing costs are one of the main drivers as people move from higher priced cities.

School bus driver Monique Wilson, in the blue shirt, started coming to a Norfolk food pantry a few months ago because of inflation. She says she and her husband have stopped going out to eat and are consolidating trips to save on gas.

Demand at food banks is way up again. But inflation makes it harder to meet the need

10:10am June 02, 2022

by Jennifer Ludden

High food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.

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Students wait outside Everest College in Industry, Calif., in April, 2015, hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools.

U.S. will forgive $5.8 billion of loans to Corinthian Colleges students

10:09am June 02, 2022

by Ayana Archie

Students affected do not have to take any further action to secure their funds, and the Department of Education will begin notifying those students soon, the agency said.