(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The helter-skelter playing out on U.S. factory floors from labor and supply shortages, transportation bottlenecks and the coronavirus looks likely to persist into the second half of the year. That’s the message from the heads of lumber […]
Read MorePresident Joe Biden speaking about the January jobs report. Saul Loeb/AFP/Getty Images Good news for Main Street, not so good news for Wall Street. Once again, a booming labor market is likely to translate to losses in bonds and stocks as the Fed and other major central banks remove the extraordinary stimulus enacted in response […]
Read MoreOne of the themes that has become more and more prevalent over the past year in the stock market is the pace of inflation. Inflation is one of those words that tends to stoke fear in the marketplace, because it is usually tied so closely with central bank monetary policy. it is also something that […]
Read More(Bloomberg) — Warren Buffett is not going to get involved in labor disputes of any company he owns, despite a request from Senator Bernie Sanders. The Vermont independent asked Buffett to support a group in a labor strike within Precision Castparts Corp., a company Buffett’s Berkshire Hathaway Inc. purchased in 2016 that makes equipment for […]
Read MoreWorkers in restaurants, bars, hotels, or what is also called the “accommodation and food services” sector, saw the sharpest rise in average weekly wages in the April to June quarter of 2021, compared to any other sector of the U.S. economy. Those numbers, however, might be a tad misleading as they’re a year-over-year comparison and many of […]
Read MoreIn normal times, the prospect of minimum wage increases in states and cities around the country would bring a cascade of appreciation from worker advocates and a chorus of howls from employers. These have clearly not been normal times. The prospect of 21 states and 35 cities and counties raising their minimum wages on or […]
Read MoreIllustration by Laurent Duvoux Jobs are plentiful; workers are in short supply. And their scarcity is having far-reaching effects on the labor market. Every student of economics learns the diamond-water paradox—that although water has more intrinsic value for our survival, diamonds command a higher price because of their relative scarcity. Less than two years after […]
Read MoreNo matter whether you prefer to focus on short-term trading strategies that emphasize a stock’s current price momentum or longer-term methods focusing on fundamental strength and a stock’s value-based price, there are a myriad number of issues that come at you and demand attention. Some of those elements can be foreseen to a certain extent; […]
Read MoreThe country is facing a shortage of 80,000 truck drivers, warned the American Trucking Associations (ATA), an industry group representing big US trucking companies, on Oct. 25. It’s a warning they’ve more or less repeated every year since 2005. But it’s particularly worrying in the middle of a global supply chain crisis when there aren’t […]
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