A 'help wanted' sign is displayed in a window of a store in Manhattan, New York City, on Dec. 2, 2022. U.S. employers added an unexpectedly strong 517,000 jobs in January, showcasing the labor market is red-hot. The unemployment rate fell to its lowest level in more than half a century. Spencer Platt/Getty Images hide caption
Presidential nominee Richard Nixon poses with a team of economic advisers in San Diego, CA, Aug. 14, 1968. From left to right; Dr. Pierre A. Rinfret; Dr. Milton Friedman; Nixon; Dr. Arthur Burns; Dr. Don Perlberg. AP hide caption
A sign noting the acceptance of electronic benefit transfer (EBT) cards, which SNAP beneficiaries use to pay for food, is displayed at a grocery store in 2019 in Oakland, Calif. SNAP emergency allotments are ending after this month and have already ended in some parts of the country. Justin Sullivan/Getty Images hide caption
Federal Reserve Chair Jerome Powell speaks during a news conference after the Fed's meeting on Nov. 2, 2022, in Washington, D.C. The Fed raised interest rates by a quarter percentage point on Wednesday, its smallest increase in 11 months. Mandel Ngan/AFP via Getty Images hide caption
Bridestowe is a lavender farm on the island of Tasmania in Australia. It became a popular destination for some Chinese tourists after a Chinese model posted a photo of herself with a Bridestowe lavender bear on social media. Bridestowe Estate hide caption
Credit card balances were up last year, and interest rates have gone up, too. That can weigh on your finances in the event of a recession. OLIVIER DOULIERY/AFP via Getty Images hide caption
While the world's population continues to grow overall, the rate of growth has slowed down. Mario Tama/Getty Images NA hide caption
A delivery rider picks up his customers' online order as residents line up outside a store to buy Lunar New Year desserts in Beijing, Jan. 17. China's economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump. Andy Wong/AP hide caption
LAS VEGAS, NEVADA - MARCH 23: Miniature bottles of Fireball Whisky on display during the 2022 Bar & Restaurant Expo and World Tea Conference + Expo at the Las Vegas Convention Center on March 23, 2022 in Las Vegas, Nevada. (Photo by David Becker/Getty Images for Nightclub & Bar Media Group) David Becker/Getty Images for Nightclub & Bar hide caption
Experts say migration could offset falling birth rates — if politics don't get in the way. Didier Pallages/AFP via Getty Images hide caption
A rooster crows in a new day at Back Forty Farms in Nampa, Idaho. The rising price of eggs as well as shortages in some areas have created enormous demand for Back Forty's freeze dried eggs. Back Forty Farms hide caption
Women carry shopping bags as customers visit the American Mall dream mall during Black Friday on Nov. 25, 2022 in East Rutherford, N.J. The U.S. economy ended 2022 on a strong note, but fears of a recession are growing. Kena Betancur/Getty Images hide caption
People shop at Walmart on Black Friday 2022 in Dunwoody, Ga. Jessica McGowan/Getty Images hide caption
Google last week announced it would layoff 12,000 people from its staff, the latest Big Tech company to enact mass workforce reductions in recent months. Jeff Chiu/AP hide caption
WASHINGTON, DC - JANUARY 25: Sen. Rick Scott (R-FL) listens during a news conference at the U.S. Capitol Building on January 25, 2023 in Washington, DC. Senate Republicans held the news conference to discuss the ongoing negotiations between the House, Senate and White House over the national debt ceiling. (Photo by Anna Moneymaker/Getty Images) Anna Moneymaker/Getty Images hide caption
Wind turbines, of the Block Island Wind Farm, tower over the water on October 14, 2016 off the shores of Block Island, Rhode Island. AFP via Getty Images hide caption
Traders work on the floor of the New York Stock Exchange during the opening bell in New York City on Jan. 18, 2023. Survey after survey shows economists and CEOs expect a recession, but there's no certainty of what an economic contraction would look like – or if the U.S. economy will suffer one at all. Angela Weiss/AFP via Getty Images hide caption
