Tag Archives: economists

In 1970, five states — Alaska, California, Hawaii, New York, and Washington — stepped to the front of that era’s abortion debate and legalized the elective version of the procedure. The Supreme Court extended those rights across the country just three years later with the landmark Roe v. Wade decision, which found the Constitution’s guarantee of privacy protects the right to an abortion. Today, economists are keenly focused on that three-year window for hints as to what might happen if… Source link

This post was originally published on Tker.co. JPMorgan’s global economic research team just published note titled: “They will know I am the lord when I lay my vengeance on them.“ The quote comes from Ezekiel 25:17. It was popularized in “Pulp Fiction” by fictional hitman Jules Winnfield — portrayed by Samuel L. Jackson — who would recite the verse before dispatching his marks. Led by Bruce Kasman, JPMorgan’s economics team employs the chilling language to characterize the Source link

For nearly a year, inflation has been hammering Americans. Every month when the Consumer Price Index report gets released, rates have stayed high or gone higher. Hopes that elevated prices were beginning to settle were dashed Friday morning when the Bureau of Labor Statistics (BLS) released data showing that the CPI, its broad measure for prices of goods and services, reached 8.6% for the month of May. The number represents the highest level of inflation in the U.S. since 1981, and it has top… Source link

Elon Musk at the 2022 Met Gala.Andrew Kelly/Reuters Elon Musk said Covid-19 lockdowns “tricked people into thinking that you don’t actually need to work hard.” Working from home didn’t make workers less productive, three economists told Insider. The only constraint on productivity was when workers had children at home they needed to look after. Elon Musk is not a fan of remote work. In the early hours of Wednesday, Musk commented on a tweet which appeared to show an email from himself to Tesla… Source link

With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday. “In a typical cycle, a sharp drop in the saving rate would be a warning sign about the sustainability of spending,” Wells Fargo economists led by Tim Quinlan wrote in a note published earlier this week. “Because balance sheets are in such… Source link

The U.S. labor market extended a streak of strong hiring in March, recording another month of job growth even as decades-high inflation, supply chain imbalances and Russia’s war in Ukraine raised concerns over the economic outlook. The Labor Department reported Friday that non-farm payrolls rose by 431,000 in March. Payroll gains were shy of the 490,000 jobs Bloomberg economists had forecast employers would add and below last month’s blowout tally of 678,000 but still marked an increase… Source link

U.S. payrolls recorded a stunning jump in January despite a record number of Americans calling in sick from work as the Omicron variant spread rapidly across the country at the start of the year. The Labor Department reported Friday that non-farm payrolls surged by 467,000 for the month, an upside surprise from what experts expected. Economists surveyed by Bloomberg forecasted payroll growth of 125,000, and the highest prediction was 250,000 jobs added. Other figures in this latest workforce… Source link

U.S. consumer prices rose at their fastest rate in nearly four decades in December, with inflationary pressures rippling through the economy as supply chain bottlenecks persisted alongside elevated demand.  The Bureau of Labor Statistics’ December Consumer Price Index (CPI) posted a 7.0% year-over-year increase at the end of 2021 in the fastest increase since 1982. This matched consensus estimates, based on Bloomberg data, but accelerated from November’s 6.8% increase. On a month-over-month… Source link