Columbus, OH

The shape of the US labor market is changing, job growth is slowing and new survey data released Monday shows that Americans are starting to feel increasingly unsettled about it all.

More and more Americans are worried they will lose their job

Fox Business

More than half of Americans believe the U.S. is already in a recession. We aren't, officially, but looking at the Labor Department's downward revision of the jobs number it makes sense.

US economy missing 818,000 jobs. America, we're dealing with a wacky view of our economic health

New York Post

The US economy wasn’t as hot as it seemed between early this year and early 2023, according to revised figures released by the feds.

The nation’s labor market likely created 818,000 fewer jobs during the 12 months ended in March — the largest preliminary downward revision to US payroll figures since 2009, the US Bureau of Labor Statistics said Wednesday.

That means that the reported job growth during that period — 2.9 million non-farm payroll positions amounting to 242,000 jobs per month — was likely around 30% less, or 174,000 jobs per month, according to new data gathered from state unemployment tax...

US job market gets biggest markdown since 2009 with 818K fewer jobs than previously reported

Editor's note: This article was originally published on May 25, 2023. It has since been updated. Inflation has a significant impact on pay gaps and housing crises. Inflation refers to the rate at which the general price of goods and services in an economy increases over time, and the purchasing power of money decreases, meaning that each dollar buys fewer goods. In the context of job pay, it can deteriorate the real value of wages over time, meaning the purchasing power of workers will be reduced, and they will not be able to buy as much with their wages as before. To highlight the effect of inflation on the job market, a user on Reddit (u/Benjamin5431) shared a shocking revelation that left many people with questions and worries about the future regarding inflation.

Employee realizes older co-workers bought houses with same job highlighting how rough workers have it now

A New York Fed survey showed more than a quarter of respondents were looking for jobs in July, the highest reading in a decade. A record-low 88% of those who had a job four months ago said they still worked the same job. The proportion of workers transitioning to new...

More Workers Are Seeking New Jobs as Wage Dissatisfaction Grows

The Associated Press

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike

Alabama State

Axios

There's as much as a nearly 10-year difference in life expectancy between U.S. states, a new report finds. By the numbers: Hawaii (79.9 years), Massachusetts (79.6) and Connecticut (79.2) have the longest life expectancy at birth as of 2021, per a new CDC analysis. Mississippi (70.9 years), West Virginia (71.0)...

How long you might live based on where you're born, mapped

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

King County, WA

Raw oysters, runny egg whites and undercooked burgers are among the foods some King County restaurant inspectors say they avoid to reduce their risk of food poisoning. Why it matters: No one wants to spend their weekend vomiting or suffering other symptoms of foodborne illness. Zoom in: Last year, King...

Which foods King County restaurant inspectors avoid

If you find yourself worrying about a possible recession, don’t. But don’t just take my word for it. Instead, look at the most recent data. First, check out the labor market. The July employment report – published on the morning of August 2 – spooked investors because the number of new jobs the economy created last month (114,000) was significantly below estimates of 185,000.

Stop Worrying About a Recession

Nearly everyone in the U.S. who's ever signed up for a cellphone, streaming service or account on a website, has signed away their right to take a company to court for wrongdoing. Why it matters: Most of us never get confronted with that reality, but this week the issue rose...

Most Americans have signed away their right to take a company to court

Ohio State

Marijuana sales in Ohio have skyrocketed since recreational transactions began two weeks ago. Why it matters: Sales are expected to generate hundreds of millions of dollars in state tax revenue and increase business for the 125-plus dispensaries statewide that have already been selling medical marijuana. So far, Ohio's sales of...

Recreational marijuana sales high as a kite in Ohio

Markets Insider

A recession is coming in the US by early next year, one John Hopkins economist predicts.

The economy is flashing a recession signal that's only been seen 4 times in the last century, veteran economist Steve Hanke says

Reuters

A look at the day ahead in European and global markets from Tom Westbrook. Markets' sparkling recovery from early August's sell-off has hit an air pocket, with Asian shares down on Wednesday and Tuesday's small drop leaving the S&P 500 a day short of matching a 20-year-old winning streak.

Morning Bid: Jobs in focus after the rebound

Richmond, VA

Axios Richmond

Data: Eviction Lab; Chart: Kavya Beheraj/AxiosRichmond and Chesterfield landlords are filing so many evictions each month that they're nearing pre-pandemic averages, per the latest data from Princeton's Eviction Lab.Why it matters: Nearly 1 in 4 renters were at risk of losing housing in the past year in an increasingly unaffordable region without enough shelter capacity.The big picture: In number of evictions filed per 100 renter households, Richmond claimed the No. 2 spot among 33 cities U.S. cities monitored by Eviction Lab during a year, including New York.The rate of renters who received eviction filings here dropped from about 31% in...

Richmond’s eviction filing rate among highest in a study of U.S. cities

When companies are feeling rich, they buy back their shares. Similarly, when some countries find themselves with more money than they expected, they should buy back their bonds, per a new paper from sovereign-debt experts Lee Buchheit and Greg Makoff. Why it matters: Such a mechanism, if enshrined in bond...

A smarter way for countries to restructure their debts

While the tropical Atlantic looks to be quiet through much of the rest of August, predictions of a hyperactive 2024 hurricane season are still on track, forecasters warn. Why it matters: Meteorologists have been unanimous in expecting an extremely active hurricane season, and the majority of storms are likely still to come.

Atlantic hurricane season's late-August lull won't last

The Center Square

(The Center Square) – More jobs were added in Colorado in July as the state’s unemployment continued to slightly rise, according to a compilation of Bureau of Labor Statistics data by the Common Sense Institute.
                After adding only 1,500 jobs in June, Colorado businesses increased their payrolls with 4,800 jobs in July. Approximately 2,500 jobs were added by the private sector while government employment increased by 2,300 positions.
                After the...

Colorado unemployment increases slightly as employers add 4,800 positions

NBC News

A new labor market survey shows Americans have rarely felt more in need of new job opportunities — an indication of a more negative outlook about the economy despite other data that suggests a more stable picture. The New York Federal Reserve's latest poll of consumers found 28.4% of...

More than 28% of Americans are searching for new jobs — the highest rate in a decade

(Reuters) - Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25% following the latest weekly jobless claims and retail sales reports.

Goldman Sachs lowers odds of US recession to 20% from 25%

NewsBreak

More workers expect to lose their jobs in the coming months, survey finds

New survey data shows an elevated share of workers are looking for jobs alongside rising expectations of unemployment in the months ahead. Why it matters: Economic...

More workers expect to lose their jobs in the coming months, survey finds

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