Category: Economics

Interactive: Wage Growth Tracker

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Jul 21, 2021
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Economics, Career, Interactive
⟶ For more Economics related resources, check out our Econ Directory!   If you’ve seen headlines or social media posts complaining that they can’t find workers, you’re not alone. It’s likely this trend will continue into the ‘21/’22 school year so students will likely have questions. This is a good time to expose students to labor market basics (Video Alternative) so they understand that what employers in some sectors will end up doing is raising...

Reading List for July 16-18

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Jul 16, 2021
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Advocacy, Personal Finance, Economics, Investing, Cryptocurrencies, Financial Scams, Taxes
Advocacy The state of states’ financial literacy efforts explained, and NGPF Bill tracker mentioned. (CNBC)   Personal Finance There are many myths floating around about what happens to a couple’s credit when they marry. This sets the record straight. (PRNewswire) Speaking of couples, the Fidelity 2021 Couples and Money Study was released and is full of interesting stats. Communication is key, (and maybe counseling would help?) The pandemic made people totally reevaluate...

Reading List for July 2-4

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Jul 02, 2021
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Cryptocurrencies, Economics, Financial Literacy, Investing, Taxes
Financial Literacy/Advocacy It is always nice to start off with a Financial Literacy win. Go Nebraska! (News Channel Nebraska)  Business, sports and entertainment leaders are jumping on the Financial Literacy Bandwagon by joining the “Financial Literacy For All” movement. (PRNewswire)    Economics Jobs report June 2021 was good news! June saw the largest increase in jobs since last August. For a summary, read CNBC. If you want the details, go to the BLS. Housing...

Reading List for June 25-28

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Jun 25, 2021
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Economics, Investing, Career, Paying for College
  Economics This week’s new jobless claims remained virtually unchanged at 411,000. At this point, it is probably helpful to look at 2019 numbers, which averaged 200,000, to measure progress of the recovery. Yahoo Finance What is going on with these persistent unemployment claims? The Bonddad explains. The Fed’s preferred measure of inflation, the PCE, rose to its highest level since 2008 in May, but it is largely “noise. (NYT) A top economist explains just how...

EconExtra: Defining "Full" Employment

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Jun 19, 2021
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Economics, Employment
The Issue   In previous EconExtra posts this past year, we have discussed the Federal Reserve Bank’s “dual mandate” and the pandemic’s impact on both of them: inflation, and employment. This week’s Federal Open Market Committee meeting was much anticipated in light of the data released since they last met. Specifically, we have had two months in a row of price level increases not seen in years, and two months in a row of disappointing jobs numbers.   To...

Reading List for June 18-20

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Jun 18, 2021
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Economics, Investing, Cryptocurrencies, Budgeting, Student Loans, Retirement
Economics New jobless claims reversed the streak of declines this week, and continuing claims remained the same. (Yahoo Finance) The Washington Post dug deep into BLS and other data to see which industries were experiencing a labor shortage, versus the tight labor market that is more generally the experience across the board. (Slate) provides a more detailed and nuanced examination of the current inflation picture. The Federal Reserve Banks’ Open Market Committee met this week and...

EconExtra: Headline Statistics are Often Misleading--Dig Deeper and Question

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Jun 12, 2021
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Economics
As a former statistics teacher, I know how easy it is to lie or mislead with statistics. There were a couple of articles making headlines this week that give us the chance to make the point that we must look behind the headline statistics to get a clearer picture of what is going on.   In terms of May inflation at 5% year-over-year, we must discuss the “base effect.” The graph below from the New York Times article on the CPI illustrates this phenomenon. If you look at 2020,...

Reading List for June 11-13

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Jun 11, 2021
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Investing, Economics, Employment, Paying for College, Taxes, Advocacy
Investing “The Mystery of the $113 million Deli” provides insight into the mechanics of SPACs while resolving this mystery. (NYT-Sunday) Here is the CNBC article on adding I-Bonds to your portfolio (following one from the Wall Street Journal in last week’s list.) Inflation figures haven’t spooked the market as the S&P 500 hit a new record yesterday. (CNBC) Have you heard of the banking app “Dave?” It is backed by Mark Cuban and will go public via a SPAC....

Reading List for June 4-6

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Jun 04, 2021
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Economics, Investing, Student Loans, Retirement
Economics Ed Yardeni, president of Yardeni Research, seems to agree with economists previously cited in reading lists and EconExtras that inflation may go up temporarily as economy starts back up, but demand and therefore prices will cool down soon. (CNBC) This New York Times presents lots of economic indicators (graphs) to evaluate the recovery so far. Unemployment claims dropped to under 400,000 last week. (Reuters) May jobs report showed payroll increase of 559,000 and unemployment at 5.8%....

Question of the Day: Which age group has seen the greatest increase in jobs in 2021?

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May 31, 2021
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Question of the Day, Career, Employment, Economics
Questions: Do you plan on working this summer? Your friends? Are jobs as plentiful for teenagers as this article suggests? What do you think are the factors causing this? Are you finding that jobs that are available to teens are also paying more per hour than they were before the pandemic? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times; sub required): As companies try to go from hardly...

EconExtra: Do Vaccine Lotteries Make Economic Sense?

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May 29, 2021
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Headlines From Vax-a-Million to Vax and Scratch to Take Your Shot, vaccine-based lotteries and other incentive programs are popping up across the country. Ohio came up with its Vax-a-Million lottery in mid-May to bring up the vaccine numbers. It was...

Reading List for MDW 2021

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May 28, 2021
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Financial Literacy, Economics, Investing, Paying for College
Economics Personal Consumption Expenditures Index jumped 3.6% in April (core up 3.1%) year-over-year. (CNBC) For more on the PCE and why it is important (this is the metric the Fed relies on as an inflation measure), check out this MarketPlace article. And for even more fine-tuning, check out this Cleveland Fed post on their measure: Median PCE. Initial jobless claims dropped for the fourth week in a row to 406,000. (Yahoo Finance) Of Dollars and Data takes a closer look at the financial...

EconExtra: Oh my! Look at April’s CPI!

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May 22, 2021
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Headline   “Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008” CNBC Does this mean that we are now experiencing inflation to a degree that is cause for concern, or is this a temporary phenomenon as the...

Reading List for May 21-23

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May 21, 2021
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Current Events, Cryptocurrencies, Investing, Economics
  100th Anniversary of the Tulsa Massacre Next weekend marks the 100th anniversary of the destruction of Tulsa. Morning Brew takes a look at “Black Wall Street” today, 100 years later, with a series of five excellent articles. (List titles) Black Investors Trade Their Way Through the Pandemic In Finance, 'People of Color are Shut Out Before They Ever Get In' Why Banking With Greenwood Is About More Than the Money 8 Charts that Explore Racial Disparities in the Banking Industry...

EconExtra: Why Was The April Job's Report So Disappointing?

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May 15, 2021
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Economics
The Headlines After significant gains in jobs reported in March, April’s increase of 266,000 was a caught many who predicted the figure to be a million by surprise.   With the economy appearing to be making a strong recovery, vaccinations hitting a critical mass, and everyone ready to get back to life more like it once was, the April number was confounding. Furthermore, the March gain was revised down from 916,000 to 770,000. Many (Fed and White House) urge caution in jumping to...