Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong NYT | Top Stories By: Ben Casselman 12 September 2024 at 17:04 Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later. © David Goldman for The New York TimesHistorically, job cuts have come only once an economic downturn was well underway, like those that followed the collapse of Lehman Brothers in 2008.
Why It’s So Hard for China to Fix Its Ailing Economy NYT | China By: Daisuke Wakabayashi and Claire Fu 3 September 2024 at 12:00 A real estate collapse has made consumers cautious and businesses wary, as China confronts a crisis unlike any other since it opened its economy to the world.
For China’s Jobless Young People, Hostels Are the Place to Be NYT | China By: Vivian Wang 1 November 2023 at 17:00 Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.