If the Job Market Is So Good, Why Is Gig Work Thriving?

Conventional employment opportunities abound, but online platforms still have appeal — for flexibility or additional income.

#car-services-and-livery-cabs, #delivery-services, #employee-fringe-benefits, #freelancing-self-employment-and-independent-contracting, #inflation-economics, #labor-and-jobs, #recession-and-depression, #temporary-employment, #united-states-economy, #wages-and-salaries, #work-life-balance

How This Economic Moment Rewrites the Rules

Jobs aplenty. Sizzling demand. If the United States is headed into a recession, it is taking an unusual route, with many markers of a boom.

#biden-joseph-r-jr, #consumer-behavior, #coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #williston-nd

Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed

Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.

#biden-joseph-r-jr, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries, #white-house-council-of-economic-advisers

With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic

The increase of 528,000 outstripped expectations, and the gains were spread widely across industries. The jobless rate fell to 3.5 percent.

#federal-reserve-system, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Lessons From the ’80s, When Paul Volcker Reigned and Rates Were High

When inflation was soaring 40 years ago and the economy slowed, short-term investing was perilous. But people with patience and long horizons came out fine.

#gold, #gold-standard-monetary, #inflation-economics, #interest-rates, #recession-and-depression, #standardpoors-500-stock-index, #united-states-economy, #volcker-paul-a

We Can’t Let Bad Vibes Lead Us to a Recession

When we think about things like inflation and monetary policy, it’s best to frame them through people. And people are, of course, silly and messy.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #powell-jerome-h, #recession-and-depression, #united-states-economy

Joe Manchin Is Throwing Joe Biden a Surprise Party

Goody bags include the biggest surprise of all: action on climate change.

#american-jobs-plan-2021, #biden-joseph-r-jr, #democratic-party, #drugs-pharmaceuticals, #manchin-joe-iii, #midterm-elections-2022, #recession-and-depression, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Pay growth and prices picked up, keeping the Fed on track for rate increases.

The Federal Reserve’s preferred inflation gauge climbed rapidly in June. Wage and benefit gains are fast, too, separate data showed.

#federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Recession? Not for Big Tech.

Many companies are navigating tough times better than investors had feared.

#amazon-com-inc, #apple-inc, #facebook-inc, #google-inc, #gross-domestic-product, #inflation-economics, #microsoft-corp, #recession-and-depression, #science-and-technology, #united-states-economy

How Do Workers’ Wages Relate to Inflation?

Why workers’ pay has become central to inflation debates.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

The Big Economic Question

It is not whether the U.S. is in a recession. It’s whether the economy will soon worsen.

#federal-reserve-system, #inflation-economics, #interest-rates, #internal-storyline-no, #layoffs-and-job-reductions, #recession-and-depression, #united-states-economy

U.S. Economy Shows Another Decline, Fanning Recession Fears

Gross domestic product, in an initial reading, fell 0.2 percent in the second quarter. President Biden said any troubles would be transitory.

#biden-joseph-r-jr, #commerce-department, #consumer-behavior, #federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

Treasury Secretary Yellen said the U.S. economy was transitioning to ‘steady, sustainable’ growth.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #recession-and-depression, #united-states-economy, #yellen-janet-l

How Goes the War on Inflation?

The news on prices is surprisingly good.

#federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation

The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mortgages, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Is the U.S. Economy Growing or Not?

One economic measure had it flailing. The other had it doing just fine.

#economics-theory-and-philosophy, #gross-domestic-product, #internal-sub-only-nl, #recession-and-depression, #united-states-economy

How Will Interest Rate Increases Impact Inflation?

The Federal Reserve is raising interest rates to fight inflation. Some economists want more; some politicians want less. What’s the logic?

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #summers-lawrence-h, #supply-chain, #united-states-economy, #warren-elizabeth

Biden Insists There’s No Recession as He Confronts Latest Economic Risk

Officials have tried to ditch a shorthand definition for what constitutes a recession and reassure skeptical voters about the U.S. economy.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #interest-rates, #international-monetary-fund, #midterm-elections-2022, #national-bureau-of-economic-research, #national-economic-council-us, #polls-and-public-opinion, #recession-and-depression, #united-states, #united-states-economy, #wages-and-salaries

After Enduring a Pandemic, Small Businesses Face New Worries

It has been a tough few years for companies without the scale to cruise through disruption. Making money isn’t getting any easier.

#coronavirus-2019-ncov, #entrepreneurship, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #small-business, #united-states-economy

Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.

The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be the last word.

#consumer-confidence-economic-indicator, #economics-theory-and-philosophy, #gross-domestic-product, #hall-robert-e, #layoffs-and-job-reductions, #national-bureau-of-economic-research, #recession-and-depression, #united-states-economy

Candidates for UK Prime Minister Emulate Another: Margaret Thatcher

Rishi Sunak and Liz Truss have tried to adopt the style and themes of Margaret Thatcher, the Iron Lady whose sweeping right-wing policies remain popular among Conservative voters.

#conservative-party-great-britain, #great-britain, #inflation-economics, #johnson-boris, #politics-and-government, #recession-and-depression, #sales-and-excise-taxes, #sunak-rishi-1980, #thatcher-margaret-h, #truss-elizabeth-1975

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?

#banking-and-financial-institutions, #consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

David Brooks: I Was Wrong About Capitalism

I’ve been a socialist and a free-marketeer. But history changed before my eyes.

#capitalism-theory-and-philosophy, #income-inequality, #recession-and-depression, #russia, #united-states, #united-states-economy

What Is the Yield Curve? Wall Street’s Recession Alarm Is Ringing.

An inversion of the bond market’s yield curve has preceded every U.S. recession for the past half century. It is happening again.

#credit-and-debt, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #recession-and-depression, #stocks-and-bonds, #united-states-economy

Inflation Is Bad, But Unemployment Is Far Worse

The case for moving cautiously with interest rates.

#economic-conditions-and-trends, #inflation-economics, #interest-rates, #internal-sub-only-nl, #recession-and-depression, #unemployment, #united-states-economy

Italy Is Haunted by the Pain of Past Economic Crises

As the European Central Bank prepares to raise interest rates for the first time in more than a decade, the challenges for one of the bloc’s largest economies balloon again.

#credit-and-debt, #currency, #economic-conditions-and-trends, #european-central-bank, #european-union, #inflation-economics, #interest-rates, #italy, #prices-fares-fees-and-rates, #recession-and-depression

Global Central Banks Ramp Up Inflation Fight

Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.

#bank-of-canada, #currency, #economic-conditions-and-trends, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #swiss-national-bank, #united-states-economy

Voters See a Bad Economy, Even if They’re Doing OK

A New York Times/Siena poll shows remarkable pessimism despite the labor market’s resilience. That could be costly for the Democrats, and the economy.

#biden-joseph-r-jr, #consumer-behavior, #democratic-party, #inflation-economics, #polls-and-public-opinion, #prices-fares-fees-and-rates, #recession-and-depression, #republican-party, #united-states-economy, #united-states-politics-and-government

How to Invest During Inflation

While the news may indicate that the markets and economy are rocky, long-term investors can ride it out with a little luck and a lot of planning, our columnist says.

#content-type-service, #federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #stocks-and-bonds, #unemployment, #united-states-economy

The Humbug Economy

Different data are telling different stories.

#bureau-of-labor-statistics, #economics-theory-and-philosophy, #federal-reserve-system, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock

Negotiating and selling the plan is a crucial task facing Treasury Secretary Janet L. Yellen as she travels to Asia in hopes of averting $7 a gallon gasoline

#biden-joseph-r-jr, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #recession-and-depression, #russia, #russian-invasion-of-ukraine-2022, #united-states-economy, #yellen-janet-l

U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears

The strong Labor Department report comes as consumers and businesses express increasing concern about a downturn.

#federal-reserve-system, #hiring-and-promotion, #interest-rates, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase

The Federal Reserve is trying to cool down the economy to bring inflation under control, but the job market is still going strong.

#consumer-price-index, #economic-conditions-and-trends, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #recession-and-depression, #united-states-economy, #wages-and-salaries, #williams-john-c

Eight Measures That Reflect a Slowing U.S. Economy

A growing number of economists are predicting a recession in 2023, but there are signs that a slowdown has already begun.

#consumer-confidence-economic-indicator, #inflation-economics, #interest-rates, #recession-and-depression

Global Oil Prices Dip Below $100 as Recession Fears Spread

Oil prices have been slipping over the last two weeks, but the drop has accelerated in recent days.

#hess-corporation, #international-trade-and-world-market, #marathon-petroleum-corporation, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression

We Are Not Powerless Against a Recession

Rushing in to confront a crisis is always better than letting it simply unfold.

#coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-reserve-system, #labor-and-jobs, #recession-and-depression, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

Gas Prices Around the World Threaten Livelihoods and Stability

Around the world, from South Asia and Africa to Europe and Latin America, the cost of filling a car’s tank, getting to work and cooking dinner has spiked.

#birol-fatih, #economic-conditions-and-trends, #international-energy-agency, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #russian-invasion-of-ukraine-2022, #supply-chain, #united-states-economy

Wonking Out: Taking the ‘Flation’ Out of Stagflation

The trench seems to have recovered its anchor, or something.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #powell-jerome-h, #recession-and-depression, #united-states-economy

Income and Spending Rose Less Than Prices in May

After the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product.

#commerce-department, #consumer-behavior, #gross-domestic-product, #income, #inflation-economics, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

After Worst Start in 50 Years, Some See More Pain Ahead for Stock Market

At the halfway point of the year, it’s been a historically horrible time for stocks. Bonds are in bad shape, too.

#credit-and-debt, #mergers-acquisitions-and-divestitures, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales

As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.

#inflation-economics, #interest-rates, #mortgages, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #recession-and-depression, #united-states-economy

What Is A Recession and When Is the Next One Going to Begin?

Recessions since World War II have lasted just over 10 months each, on average. The last one, which began in 2020, lasted just two months.

#federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #labor-and-jobs, #national-bureau-of-economic-research, #recession-and-depression, #stocks-and-bonds

Fed Confronts a ‘New World’ of Inflation

Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #oil-petroleum-and-gasoline, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #shortages, #supply-chain, #united-states-economy, #wages-and-salaries

Why the Fed Is Risking a Recession

Home sales are flagging and the rest of the economy is expected to slow, maybe sharply, as rates increase. Why is the Federal Reserve doing this?

#federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #recession-and-depression, #united-states-economy

‘The Dirty Secret of Covid’: Scott Galloway on the Postpandemic Economic Turmoil

Mr. Galloway, an outspoken N.Y.U. professor, speaks with DealBook about the crypto crash and what Silicon Valley will look like on the other side.

#galloway-scott, #income-inequality, #recession-and-depression, #saturdaynewsletter

Wall Street Has Its Worst Week Since March 2020

The selling was fueled by persistently high inflation and fears that the Fed’s efforts to tame it with higher interest rates will choke growth.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds

The Fed’s Newfound Aggressiveness Is Concerning

Its fight against inflation could very well cause a recession.

#federal-open-market-committee, #george-esther-l, #inflation-economics, #interest-rates, #internal-sub-only-nl, #recession-and-depression, #united-states-economy

Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise

Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.

#federal-reserve-system, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy

Bear Markets and Recessions Happen More Often Than You Think

The U.S. has been in recession 14 percent of the time since World War II. But being prepared can minimize hardship and even offer investing opportunities.

#asset-allocation-personal-finances, #bernanke-ben-s, #content-type-service, #inflation-economics, #interest-rates, #mehta-salil-1973, #national-bureau-of-economic-research, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds

The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation

Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.

#consumer-price-index, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy