Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing.

The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and services. Ideally, the rate increases are sufficient to slow inflation without leading to a recession. But the problem is that the Fed cannot precisely control the rate of economic growth. So with the central bank expected to raise rates next month, barring a major impact on the US economy from the war in Europe, the question remains: Can the Fed contain inflation without triggering a recession?

While we probably won't see a downturn this year, a recession next year is becoming increasingly likely, for a number of reasons.

California’s local workforce boards and a Sacramento-based nonprofit help people find good-paying jobs—and solve bigger social problems at the same time

Matching a local worker with a local business seems straightforward enough. But this seemingly simple act has ripple effects that can change an individual’s life, build a family’s generational wealth, and help end historical inequities. It can also impact the regional and state economy as more workers—and more business owners—choose to stay here.

Burning Glass Institute Launches to Track a Fast-Changing Labor Market

Real-Time Labor Analytics Pioneer Matt Sigelman Creates New Nonprofit Advancing Research & Practice on Mobility, Opportunity & Equity

Institute President Matt Sigelman discusses what makes a job green.