Indicators

Indicators

Don’t Blame AI for College-Grad Unemployment

Photo via Abaca Press/Douliery Olivier/Abaca/Sipa USA/Newscom

The Federal Reserve Bank of New York says remote work is a driving force behind the rise in unemployment among young college graduates.

1 min read

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Indicators

Fresh Jobs Data May Help Fed Gauge How Much AI Strains US Labor Market

The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week.

2 min read
Photo via Michele Eve Sandberg/Sipa USA/Newscom

Indicators

New Labor Data Rings Death Knell for the ‘Great Resignation’

Just 28% of workers say it’s a good time to find a quality job, down from 70% in mid-2022, according to data from Gallup.

1 min read
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Indicators

Iran War Drags Consumer Sentiment Close to Historic Lows as Wall Street Confidence Falters

While consumer sentiment has been in the gutter for some time, it hasn’t correlated with a dip in consumer spending. Yet.

2 min read

Inflation & Prices

Shock After Shock: Fed Fears Iran War May Fuel Higher Inflation

Photo via Samuel Corum/Sipa USA/Newscom

The Bureau of Labor Statistics said Wednesday that the producer price index rose 0.7% month-over-month in February, higher than expected.

2 min read

Artificial Intelligence

Amazon’s Latest Layoffs Add Fuel to White-Collar Recession

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Recent layoffs at Amazon, Meta, Pinterest and chemicals company Dow are bringing fears of robots taking human jobs to a boiling point.

2 min read

Indicators

US Manufacturing Activity Grinds to 14-Month Low

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US factory activity contracted for the tenth straight month in December, according to the latest Institute for Supply Management survey.

2 min read

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