The Latest Breaking News from Betsey Stevenson

Former Obama economic adviser Betsey Stevenson waded into the debate over President Donald Trump's proposed 50-year mortgage on Monday, warning that while such loans might help some buyers, they would almost certainly mean steeper borrowing costs and painfully slow equity gains.

The July Jobs report by the Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

Factories have added 467,000 jobs in the last 12 months, as production jumped to its highest level since 2008. But manufacturing remains a much smaller slice of the U.S. economy than it used to be.

With fewer assets to erode, and flexibility to change jobs, Gen Z is positioned well for inflation, but that's not how they're seeing it.

The number of women in the workforce has finally returned to pre-pandemic levels, which is good for the economy. But after time away from the job market some women are reassessing their priorities.

President Joe Biden could have looked out the window of his limousine on his drive last weekend to his beach home and seen firsthand why he's struggled to contain inflation

US workers are in their strongest bargaining position in decades, but it won’t last forever.