Put simply, if we see an increase in the unemployment rate by more than half a percentage point, it suggests a recession may be on the way. We did see such an increase: the unemployment rate hit a low of 3.4% last April and then rose to 4.3% in July. This understandably caused a ...
Sun Wukong, also known as the Monkey King, is amain character in the classical Chinese novel Journeyto the West.In the novel, the Monkey King was bornout of a rock and acquired supernatural powersthrough instruction of Taoist master.He cantransform himself into seventy-two different images.Using...
a recession is defined as whatever the committee says is a recession.3 The Flagrantly Overvalued Market Committee So, in an ideal world, we would have a Flagrantly Overvalued Market Committee (FOMC) consisting of distinguished academic economists. I have some FOMC members to nominate, but first ...
Put simply, if we see an increase in the unemployment rate by more than half a percentage point, it suggests a recession may be on the way. We did see such an increase: the unemployment rate hit a low of 3.4% last April and then rose to 4.3% in July. This understandably caused a ...
In the mid-2000s, as unemployment fell, inflation was steady around 1% to 2.5%. During theGreat Recession, the CPI's rate of change fell dramatically as unemployment soared to almost 10%. From 2012 to 2015, we can see that the inverse correlation broke down where inflation and unemployment...
While that hasn't been the case from April 2021 to April 2023, when real wages in the United States actually declined on a year-over-year basis, real wages have returned to growth since then and are now slightly higher than they were before the pandemic. Felix Richter Data Journalist ...
4) The UK is in a technical recession. The initial value of the UK's real GDP in Q4 2023 was adjusted -0.3% month-on-month, lower than the forecast of -0.1%, and the previous value was -0.1%; the economy contracted for two consecutive quarters. ...
Or is it the lack of creditworthy demand resulting from the effects of the recession and housing market distress? Economists often face such identification dilemmas, situations in which we would like to know whether supply or demand is the driving factor behind changes within a market. Additional ...
Paul Woodward, Senior Director, Retail Supply Chain Business | April 25, 2023Global survey shows that while people are happy to be back shopping in-store, they are frustrated with high prices, self-check-out, and too many delivery shoppers The past year has seen a boomerang effect of ...
The Financial Times has an interesting story titled Andrew Scott: ‘We have to invest much more in our future selves’ with the subheading “We’ve never expected people to be living into their 10th decade, so we’ve never planned for it. Now that must change.” The story says it’s ...