Quotes from the news wire:
Long Covid is pretty real, and there’s a sizable share of the population who continue to suffer health effects related to Covid that are preventing them from being able to work, then there’s ongoing child care challenges; we’ve got a lot of folks who retired early; we’ve got limited immigration not where it was pre-pandemic.
Found on CNN 1 year ago
There are people outside of the labor market who aren’t working, and they just simply don’t know how needed they are right now, and I think that’s a function of being a little removed. The world has changed pretty dramatically over the last two to three years, and it’s going to be difficult to show people that the skills they possess are needed right now.
Found on CNN 1 year ago
Consumers are increasingly struggling to navigate the ongoing effects from the spike in prices last year by drawing on credit and savings, with consumer demand likely to continue its downward trajectory, business investment is also likely to slow in the coming quarters, increasing the probability of a recession this year.
Found on CNN 1 year ago
One of the things that we’ve seen is that wage growth has been fairly strong and there’s the fear that wage growth is going to ultimately drive inflation higher, so the Federal Reserve wants to raise interest rates to try to curb the demand for workers and hopefully bring down wages, which in fact will then ultimately bring down inflation.
Found on CNN 2 years ago
On a month-to-month basis, single parents really don't have a lot of extra room to help cover costs, they're really living paycheck to paycheck. They're taking their incomes and diverting them immediately into expenses, which means that they don't have savings that allows them to weather any unforeseen storm.
Found on CNN 2 years ago
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