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

Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

Less Takeout, More Produce Swapping: How Inflation Is Altering People’s Behavior

From driving fewer miles to downgrading vacations, Americans are making meaningful changes to their spending. Here’s how five households are coping with the highest inflation in decades.

#consumer-behavior, #income, #inflation-economics, #mortgages, #personal-finances, #prices-fares-fees-and-rates, #unemployment, #united-states-economy

The Potential Dark Side of a White-Hot Labor Market

The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.

#colleges-and-universities, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #tuition, #unemployment, #united-states-economy

Hiring Remains Strong Even as Fed Tries to Cool Economy

The Labor Department reported 390,000 new jobs in May, as policymakers try to ease inflation without inducing a recession.

#coronavirus-2019-ncov, #inflation-economics, #labor-and-jobs, #labor-department-us, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

The key numbers in the jobs report and how to interpret them.

Policymakers are trying to strike a balance in cooling inflation without causing a recession — which makes interpreting jobs reports trickier than usual.

#hiring-and-promotion, #inflation-economics, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

The Economy Is Weird. Two Experts on Where It Goes From Here.

Is the U.S. economy really in bad shape, and is a recession coming?

#audio-neutral-informative, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

What Higher Interest Rates Could Mean for Jobs

Layoffs are up only minimally, and employers may be averse to shedding workers after experiencing the challenges of rehiring.

#federal-reserve-system, #hiring-and-promotion, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #unemployment, #united-states-economy

Working Mothers, Punished by Pandemic, Mostly Kept Working

When it came to who lost jobs, education mattered much more than gender, a broad new analysis found.

#child-care, #families-and-family-life, #labor-and-jobs, #layoffs-and-job-reductions, #parenting, #unemployment, #women-and-girls

April Jobs Report: Gain of 428,000 Shows Vibrant Labor Market

The Labor Department reported a gain of 428,000 jobs in April, along with a 5.5 percent increase in average hourly earnings from a year earlier.

#hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy, #wages-and-salaries

Unemployment Is Low. That Doesn’t Mean the Economy Is Fine.

Recessions begin when the jobless rate is low.

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

Workers are returning, just not as fast as employers want to hire them.

After lagging earlier in the recovery, the labor force has rebounded strongly in recent months. But job openings are rising even faster.

#hiring-and-promotion, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy

Rapid Inflation, Lower Employment: How the U.S. Pandemic Response Measures Up

The United States spent more on its policy response than other advanced economies. Now economists are revisiting how that worked.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #eurozone, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy

To Stop Inflation, Will We Need to Engineer a Recession?

Raising interest rates will pour cold water on an economy many believe is overheated — but at the risk of triggering a downturn.

#consumer-price-index, #debatable, #inflation-economics, #powell-jerome-h, #real-estate-and-housing-residential, #summers-lawrence-h, #unemployment

Paul Krugman on Why the Economy Is Doing Better Than We Think

The economist and Times Opinion columnist discusses inflation, unemployment and the supply chain crisis.

#economics-theory-and-philosophy, #supply-chain, #unemployment, #united-states, #united-states-economy

‘La French Tech’ Arrives Under Macron, but Proves No Panacea

The president has brought innovation, jobs and growth. Still, resentments fester on the eve of the presidential election.

#alphabet-inc, #amazon-com-inc, #computers-and-the-internet, #deepmind-technologies-ltd, #deliveroo-roofoods-ltd, #e-commerce, #economic-conditions-and-trends, #elections, #entrepreneurship, #facebook-inc, #foreign-investments, #france, #google-inc, #income-inequality, #labor-and-jobs, #le-pen-marine, #macron-emmanuel-1977, #politics-and-government, #start-ups, #unemployment, #unemployment-insurance

For Macron, France’s Troubled Industries Hit Home

President Emmanuel Macron vowed an economic revival, but as he seeks re-election, a Potemkin factory in the town where he was raised shows just how hard that can be.

#amiens-france, #economic-conditions-and-trends, #elections, #factories-and-manufacturing, #france, #labor-and-jobs, #layoffs-and-job-reductions, #le-pen-marine, #macron-emmanuel-1977, #national-front-france, #organized-labor, #politics-and-government, #unemployment, #whirlpool-corporation, #yellow-vests-movement

The US Economy Is Booming. Why Are Economists Worrying About a Recession?

There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #prices-fares-fees-and-rates, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Strong Job Gains in March Keep a Flame Under the Recovery

The U.S. economy added 431,000 jobs and the unemployment rate fell to 3.6 percent. Wages showed sharp gains, but that has been blunted by inflation.

#biden-joseph-r-jr, #bureau-of-labor-statistics, #coronavirus-2019-ncov, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #labor-and-jobs, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

Low Unemployment in Nebraska: Workers Thrive, Businesses Cope

The jobless rate in February, 2.1 percent, was close to the lowest ever. Employers are adjusting to the power of workers.

#hiring-and-promotion, #inflation-economics, #labor-and-jobs, #lincoln-neb, #nebraska, #shortages, #unemployment, #united-states-economy, #wages-and-salaries

The Fed Bets on a ‘Soft Landing,’ but Recession Risk Looms

Central bankers have been clear that they will do what it takes to control inflation. They are betting on a soft landing, but a bumpy one is possible.

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

How 6 Workers Built New Careers In the Pandemic

For some, the Covid-19 crisis presented an opportunity to change course. For each, it was a big risk on a new future.

#adam-simon, #content-type-personal-profile, #coronavirus-2019-ncov, #david-levy, #dwanet-perry, #jane-watiri-taylor, #labor-and-jobs, #liz-martinez, #quarantine-life-and-culture, #shutdowns-institutional, #trevonte-currie, #unemployment, #vocational-training

America’s Very Peculiar Economic Funk

Negative views of the economy don’t match people’s experience.

#biden-joseph-r-jr, #inflation-economics, #labor-and-jobs, #news-and-news-media, #personal-finances, #unemployment, #united-states-economy, #united-states-politics-and-government

Hating Your Job Is Cool. But Is It a Labor Movement?

Inside the rise and fall of r/antiwork — the Reddit community that made it OK to quit, but couldn’t quite do anything else.

#futureofwork2022, #hiring-and-promotion, #labor-and-jobs, #layoffs-and-job-reductions, #mcdonalds-corporation, #reddit-inc, #unemployment

12 Economically Insecure Americans on What Keeps Them Up at Night

Poverty warps the way we see the world: Every broken promise from a politician reinforces the feeling that we live in a system designed to thwart those who most need its help. 

#biden-joseph-r-jr, #careers-and-professions, #coronavirus-2019-ncov, #democratic-party, #hiring-and-promotion, #income-inequality, #inflation-economics, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #student-loans, #supply-chain, #unemployment, #united-states-economy, #united-states-politics-and-government

January 2022 Jobs Report: Strong Gains Show Resilient Economy

A gain of 467,000 jobs in January defied forecasts that the Omicron variant would hobble the labor market.

#biden-joseph-r-jr, #coronavirus-omicron-variant, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy, #wages-and-salaries

More Thoughts on America’s Feel-Bad Boom

Inflation aversion meets the partisan economy.

#consumer-behavior, #inflation-economics, #unemployment, #united-states-economy, #united-states-politics-and-government

Why the January Jobs Report May Disappoint, and Is Sure to Perplex

Omicron’s impact is likely to be reflected unevenly in the data, and normal seasonal patterns may have been upended.

#coronavirus-2019-ncov, #coronavirus-omicron-variant, #inflation-economics, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy, #wages-and-salaries

Inflation is High, But There Are Reasons to Be Optimistic

On inflation-fighting, 2022 isn’t 1980.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #unemployment, #united-states-economy

Omicron Is the Latest Covid Blow to the Economy

The latest wave of coronavirus cases is slowing the recovery, but its longer-term impact is less clear.

#consumer-behavior, #coronavirus-omicron-variant, #coronavirus-return-to-office, #hiring-and-promotion, #inflation-economics, #labor-and-jobs, #shopping-and-retail, #shortages, #supply-chain, #unemployment, #united-states-economy

Omicron’s Economic Toll: Missing Workers, More Uncertainty and Higher Inflation (Maybe)

The latest wave of coronavirus cases is slowing the recovery, but its longer-term impact is less clear.

#consumer-behavior, #coronavirus-omicron-variant, #coronavirus-return-to-office, #hiring-and-promotion, #inflation-economics, #labor-and-jobs, #shopping-and-retail, #shortages, #supply-chain, #unemployment, #united-states-economy

The Secret Triumph of Economic Policy

Why Covid-19 cost us fewer jobs than the dot-com bust.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #inflation-economics, #unemployment, #united-states-economy

December Jobs Report: U.S. Added 199,000 Jobs

The gain of 199,000 was the weakest of the year, but not for lack of demand: The unemployment rate fell to 3.9 percent, and wages increased.

#coronavirus-omicron-variant, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #labor-and-jobs, #part-time-employment, #unemployment, #united-states-economy, #wages-and-salaries

The Economic Case for Goldilocks

In 2021, policymakers actually got it mostly right.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #unemployment

As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope

The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest.

#china, #computers-and-the-internet, #entrepreneurship, #iqiyi-com-inc, #layoffs-and-job-reductions, #politics-and-government, #regulation-and-deregulation-of-industry, #social-media, #unemployment, #xi-jinping

2021’s Overlooked Economic Recovery

A closer look at a recovery for the record books.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #reagan-ronald-wilson, #supply-chain, #unemployment, #united-states-economy

More Workers Quit Than Ever in November as U.S. Job Openings Remain Near a Record.

Government data for November shows the continuing disruption of the coronavirus in the labor market.

#coronavirus-2019-ncov, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #unemployment, #united-states-economy, #wages-and-salaries

Here Are 10 of the Worst Predictions About 2021

Bitcoin, Tesla, the Suez Canal, the Mars helicopter — people got a lot wrong.

#coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #inflation-economics, #internal-sub-only-nl, #stimulus-economic, #unemployment, #united-states-economy

The Year of Inflation Infamy

Maybe the real takeaway should be how little we know about where we are in this strange economic episode.

#american-rescue-plan-2021, #consumer-behavior, #consumer-price-index, #coronavirus-2019-ncov, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #unemployment, #united-states-economy

Jobless for a Year? That Might Be Less of a Problem Now.

People who were out of work for a while have typically found it much harder to get a job. The pandemic may have changed how employers view people who have been unemployed for months or years.

#careers-and-professions, #coronavirus-2019-ncov, #employment-agencies, #hiring-and-promotion, #human-resources, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #shortages, #unemployment, #united-states-economy

How Inflation Affects Turkey’s Struggling Economy

Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.

#currency, #economic-conditions-and-trends, #erdogan-recep-tayyip, #foreign-investments, #inflation-economics, #interest-rates, #international-trade-and-world-market, #politics-and-government, #recession-and-depression, #turkey, #unemployment

Why New York City’s Jobless Rate Is Double the Rest of the Country’s

The city has regained fewer than 6 of every 10 jobs it lost since the pandemic began, while the nation as a whole has regained more than 90 percent of lost jobs.

#adams-eric-l, #coronavirus-reopenings, #economic-conditions-and-trends, #labor-and-jobs, #labor-department-nys, #layoffs-and-job-reductions, #new-york-city, #unemployment

Analysis: Biden Sees Booming Economy, but Many Americans Don’t

The president has struggled to sell strong growth and job gains to a public that appears more concerned about rising prices — and remains anxious about Covid.

#biden-joseph-r-jr, #consumer-confidence-economic-indicator, #coronavirus-2019-ncov, #inflation-economics, #labor-and-jobs, #polls-and-public-opinion, #unemployment, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

November 2021 Jobs Report: A Gain of 210,000

Employers reported adding 210,000 jobs, the year’s weakest showing, but there were also bright spots. The mixed picture complicated policy prospects.

#biden-joseph-r-jr, #coronavirus-omicron-variant, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #labor-and-jobs, #labor-department-us, #powell-jerome-h, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

Why the Fed Chair Won’t Call Inflation ‘Transitory’ Anymore

Jerome Powell has lost patience with the pace of the rebound in labor force participation.

#coronavirus-omicron-variant, #inflation-economics, #internal-sub-only-nl, #labor-and-jobs, #unemployment, #wages-and-salaries

Why the November Jobs Report Is Better Than It Looks

The number of jobs added was below expectations, but otherwise the report shows an economy on the right track.

#federal-reserve-system, #labor-and-jobs, #quantitative-easing, #shortages, #stimulus-economic, #unemployment

November Jobs Report Shows Workers Remain Optimistic

The Great Resignation won’t last forever: Americans are waiting for the right opportunity to jump back into the work force.

#coronavirus-2019-ncov, #labor-and-jobs, #unemployment, #united-states-economy, #wages-and-salaries

Initial unemployment claims last week fell to a half-century low.

On a seasonally adjusted basis, the figure fell to 199,000, a milestone in the economic recovery from the shock of the pandemic.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #federal-aid-us, #labor-and-jobs, #labor-department-us, #unemployment, #unemployment-insurance, #united-states-economy

How Softies Seized the Fed

For now, doves rule the roost.

#brainard-lael, #economics-theory-and-philosophy, #federal-reserve-system, #friedman-milton, #inflation-economics, #internal-sub-only-nl, #powell-jerome-h, #recession-and-depression, #unemployment

The Economy Is Good. So Why Do We Feel Terrible About It?

Polling suggests that Americans think conditions are bad. Data shows that they’re wrong.

#audio-neutral-informative, #consumer-behavior, #coronavirus-2019-ncov, #inflation-economics, #unemployment, #united-states, #united-states-economy