Reading List for December 3-5
- November jobs number was a huge disappointment, but unemployment is down, underemployment is down, and hours, wages and labor force participation are higher. (Yahoo Finance)
- Unemployment claims continue to be low compared to pandemic levels, indicating a tightening labor market. (Reuters) (MarketWatch for more analysis)
- Jerome Powell drops “transitory” from inflation vocabulary during his hearing in front of Congress, (Yahoo Finance), and according to a Gallup poll, 7 out of 10 Americans are feeling inflation’s impact (WAPO – subscription may be needed)
- Millennials are experiencing inflation for the first time in their adult lives. This NYT (subscription may be needed) has an interesting graphical breakdown of how each generation is spending its money.
- And for a different perspective on what is going on in the economy that the press doesn’t talk about, check out this piece from Pressrun. (trigger warning – it gets political)
- Congress acted to avoid a government shutdown. (AP)
- The CFPB has a publication explaining their debt collection rules.
- Black Friday spending was up from last year, but still 28% below pre-pandemic levels. (CNBC)
- Forget vaccine mandates, companies are moving to charge employees more for their health insurance if unvaccinated. (NPR)
- Amazon Warehouse workers get to vote again on unionizing. (ABC) (WaPo-subscription may be required)
- In case you missed it, here is Tim Ranzetta’s opinion piece in the Boston Herald.
- What is the best selling truck for the 45th year in a row? (CNBC)
The Kansas City Fed has recently promoted several briefings on topics that might be of interest.