Ben Casselman
Posts
Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
Has the Spread of Tipping Reached Its Limit? Don’t Count on It.
Both major presidential candidates propose exempting tips from taxes. That could encourage more reliance on tipping, and leave workers vulnerable.
U.S. Added 818,000 Fewer Jobs Than Reported Earlier
The Labor Department issued revised figures for the 12 months through March that point to greater economic fragility.
Stock Markets Signal Recession Fears. Here’s the Economic Outlook.
The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.
U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate
The report on gross domestic product offered new evidence of the economy’s resilience in the face of high interest rates.
Reliability of U.S. Economic Data Is in Jeopardy, Study Finds
A report says new approaches and increased spending are needed to ensure that government statistics remain dependable and free of political influence.
The Weird Housing Market, in 5 Charts
Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy.
Housing Costs Cool, but Remain a Source of Concern
Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.
What to Make of the Jobs Report’s Mixed Signals
The monthly data is drawn from two surveys. This time, one was quite strong, and the other flashed warning signs.
Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts
The latest data could add to fears that the labor market remains too hot to bring inflation fully under control.