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☆ Job growth surged past forecasts in January
▼ + stars: | 2024-02-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +1 min

New data out Friday showed the US started 2024 with 353,000 nonfarm payrolls added in January. That far surpasses the forecasted job growth. The unemployment rate was 3.7% in January, like it was in December. AdvertisementJanuary was a solid month for job growth in the US. The unemployment rate was 3.7% in January after ending 2023 with a rate of 3.7% for both November and December.

Persons: payrolls, — Organizations: Service, Bureau of Labor Statistics, Business

☆ Tech's longtime highfliers are growing up by getting smaller
▼ + stars: | 2024-02-02 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

They're still out hunting for the best technical talent, particularly in areas like artificial intelligence, but headcount growth is measured. Last year, tech companies were responding to dramatically changing market conditions — soaring inflation, rising interest rates, rotation out of risk — after an extended bull market. Meta slashed over 20,000 jobs in 2023, Amazon laid off more than 27,000 people, And Alphabet cut over 12,000 positions. Other than Nvidia , which had a banner 2023 due to soaring demand for its AI chips, none of the other mega-cap tech companies have been growing at their historic averages. By late this year, analysts are projecting growth at Meta will be back down to the low teens at best.

Persons: Tayfun, There's, Daniel Flax, Neuberger Berman, CNBC's, Morgan Stanley, Brian Nowak, Brian Olsavsky, They're, Mark Zuckerberg, Zuckerberg, Olsavsky, Phil Spencer, Justin Sullivan, Okta, Zuora, Evan Sohn, Recruiter.com, " Sohn, Susan Li, Ben Barringer, Cheviot, Barringer, —, Annie Palmer Organizations: Anadolu Agency, Getty Images Technology, Amazon, Meta, hasn't, Microsoft, Activision Blizzard, SAN FRANCISCO, Activision, FTC, Getty, Federal, Labor Department's Bureau of Labor Statistics, Tech, Nvidia, Finance, CNBC Locations: Menlo Park , California, Silicon Valley, CALIFORNIA, San Francisco , California

Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.

Persons: Phil, Joe Biden’s, Biden, Donald Trump, “, Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic

☆ U.S. economy added 353,000 jobs in January, much better than expected
▼ + stars: | 2024-02-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department's Bureau of Labor Statistics reported Friday. Job growth was widespread on the month, led by professional and business services with 74,000. The report also indicated that December's job gains were much better than originally reported. The January payrolls count comes with economists and policymakers closely watching employment figures for direction on the larger economy. The fourth quarter saw GDP increase at a strong 3.3% annualized pace, closing out a year in which the economy defied widespread predictions for a recession.

Persons: Dow Jones, Jerome Powell Organizations: Labor Department's Bureau of Labor Statistics, Federal Reserve, Labor, Gross, Atlanta, Fed Locations: U.S

☆ Tech stocks fuel market surge as jobs report underscores economy’s resilience
▼ + stars: | 2024-02-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —US stocks rose on Friday as investors continued to parse strong tech earnings and a searing jobs report, leading shares of Nvidia, Meta Platforms and Microsoft to close at fresh highs. The S&P 500 gained 1.1% to reach a record-high close. Tech stocks were the winners of Friday’s session, following strong earnings reports from Meta Platforms and Amazon the prior evening. Amazon shares rose 7.9% after the e-commerce giant reported solid earnings for its latest quarter. Microsoft shares rose 1.8% to a fresh record-high close of $411.22.

Persons: market’s, Jerome Powell, ”, Louis Navellier, Russell, Janet Yellen Organizations: New, New York CNN, Nvidia, Meta, Microsoft, Dow, Nasdaq, Bureau of Labor Statistics, Fed, Navellier, Associates, Traders, Banking Committee, New York Community Bancorp Locations: New York

☆ Fed Chair Powell says the job market is still strong. Here’s how the numbers break down
▼ + stars: | 2024-02-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

☆ The Fed's first big move of 2024 isn't an interest rate cut — but that relief could come soon
▼ + stars: | 2024-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The nation's central bank started off the new year as it closed out the last: no change to interest rates. On Wednesday, the Federal Open Market Committee announced it would continue its pause on interest rate increases, falling in line with economists' and market watchers' predictions. Still, the FOMC's December Summary of Economic Projections penciled in three interest rate cuts for 2024, suggesting the central bank is anticipating relief at some point this year. AdvertisementAs to how soon a rate cut might come, it's still unclear. But overall, she's optimistic about 2024 and thinks it's "going to be a very good economic year."

Persons: Cory Stahle, Stahle, Jerome Powell, Powell, it's, Sen, Elizabeth Warren, Janet Yellen, Yellen Organizations: Service, Federal, Market Committee, Federal Reserve, Business, Labor Statistics, Democratic, ABC

☆ The Federal Reserve is fed up with data revisions
▼ + stars: | 2024-01-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +11 min

Federal Reserve Governor Christopher Waller said large revisions in data are tainting his assessments of how the economy is doing. Al Drago/Bloomberg/Getty ImagesThat’s well above the average month-over-month revised change in job totals from 1973 to the latest available revision data, according to the BLS. The official summary of what Fed officials said and discussed during their September meeting — also known as the Fed minutes — stated: “A few participants observed that there were challenges in assessing the state of the economy because some data continued to be volatile and subject to large revisions.”Spokespeople from the Federal Reserve declined to answer which data Fed officials were referring to. Frequent and large revisions to economic data are weighing on Federal Reserve decision-making, Governor Michelle Bowman said. “We want to be data dependent, but not data point dependent,” Williams said.

Persons: Christopher Waller, Waller, it’s, Al Drago, ” Waller, ”, Michelle Bowman, —, Spokespeople, he’s, don’t, Erica Groshen, David Wilcox, Laura Kelter, Kelter, Groshen, Wilcox, John Williams, ” Williams, “ Organizations: New, New York CNN — Federal Reserve, ”, of Labor Statistics, BLS, Federal, Bloomberg, Getty, Fed, Ohio Bankers League, Federal Reserve, Commerce Department, Department, Census, Labor, Peterson Institute for International Economics, Employment, CNN, Wilcox . New York Fed Locations: New York, Wilcox . New

Research suggests that higher education correlates with higher earnings. In four states, more than 60% of working age people had some form of post-high school education – exceeding the foundation’s broader goal. Nevada landed at the very bottom of the list, with an educational attainment rate of 42.7%. In the most recent version of the rankings, Massachusetts, Colorado and Vermont were ranked the highest for educational attainment. Post-high school educational attainment percentages for Black, Hispanic, Latino and Native American adults were all far below the national average, according to the report.

Persons: ” Courtney Brown, “ Organizations: Lumina Foundation, Research, U.S . Bureau of Labor Statistics, Lumina Foundation’s, Census, Survey, Washington . Washington , D.C, Lumina, U.S . News, American Locations: Indiana, United States, U.S, Kentucky, Rhode Island, . Alabama , Colorado , Florida, North Carolina, Colorado, Massachusetts, Utah, Minnesota, Vermont, Virginia , New Jersey, Washington . Washington ,, Puerto Rico, Nevada, Alaska, Louisiana, Tennessee, Mississippi, Alabama, Arkansas, West Virginia

☆ Google's layoffs already impacted its culture. Now they're affecting its bottom line.
▼ + stars: | 2024-01-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at highlights from two of the world's biggest tech companies' earnings reports, including how much layoffs cost for one of them. Tech: Tech CEOs will testify before Congress today for a hearing on child safety. Mateusz Wlodarczyk/Getty ImagesThere's been plenty of speculation about what Google's mass layoffs last year meant for its famous culture. Jerod Harris/Getty ImagesCongress is set to grill some of the biggest names in tech today. Leaders from Meta, X, TikTok, and other tech companies will face questions over their platforms' efforts to protect children from sexual exploitation online.

Persons: It's, Sundar Pichai, Mateusz Wlodarczyk, Sarah Jackson, Satya Nadella Stephen Brashear, Hisham Ibrahim, Jerome Powell's, Claudia Sahm, Powell, Linda Yaccarino, Jerod Harris, Linda Yaccarino's, Jack Dorsey's Block, Dorsey, Brooks Kraft, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Tech, Google, Microsoft, Getty, Bloomberg, JPMorgan, Meta, Elon Musk's, Brooks Kraft LLC, Los Angeles Times, UPS, Bureau of Labor Statistics, Amazon, Boeing, Mastercard Locations: Chipotle, New York, London

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ The mystery of Chipotle's 'burrito season,' solved
▼ + stars: | 2024-01-31 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Once again, Chipotle is staffing up ahead of " burrito season ." And once again, the people are asking: "What the hell is burrito season?" Burrito season, the company says, represents its busiest time of the year. When I asked a spokesperson for Chipotle to shed some light on the mysteries of burrito season, her answer was both straightforward and perplexing. But after confirming the existence of burrito season, I was still left with two big questions.

Persons: Chipotle, chow, —, Kyle Murray, Justin Seitzler, Seitzler, Emily Stewart Organizations: Cinco de Mayo, CFRA Research, Bureau of Labor Statistics, University of Alberta, Hamptons, Business Locations: Cinco, burritos, Chipotle, El, New York

☆ How to select a personal trainer (and why it’s worth it)
▼ + stars: | 2024-01-30 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +7 min

The global personal fitness trainer market was worth about $41.8 billion in 2023, and market research firm Future Market Insights predicts it will soar to $65.5 billion by 2033. A growing body of research also suggests working out with a personal trainer has a variety of benefits. The two biggest benefits from hiring a personal trainer, though, whether you’re an exercise newbie or a pro, are accountability and motivation, said Mary Wing, a certified personal trainer and performance coach with the fitness app Future. There are trainers who specialize in training older people or those with medical issues, says certified personal trainer Allan Misner. In the end, though, hiring a personal trainer can be a safe and effective way to achieve a healthier life, which is the main goal.

Persons: —, Mary Wing, ”, Allan Misner, It’s, they’ve, ” You’ll, “, Wing, Misner, it’s, ” Misner, ” Melanie Radzicki McManus Organizations: CNN’s, CNN, US Bureau of Labor Statistics, Research, Gerontology, Geriatric, National Academy of Sports Medicine, American College of Sports Medicine, American, ”, “ Locations: United States, Sanford , North Carolina, Bocas del Toro , Panama

President Barack Obama won Florida in 2008 and 2012, but Trump carried the state in 2016 and 2020. AP VoteCast found that Biden won just 54% of the state’s Latino voters in 2020, down substantially from his national average of 63%. For example, Biden won Miami-Dade and Palm Beach counties in 2020, but by lower margins than Hillary Clinton did in 2016. "The assumption that Florida will necessarily be an easy victory for Republicans is questionable.”Both Florida parties have been hit by infighting. The Republicans recently ousted their state party chair, Christian Ziegler, after he got caught up in a sex scandal.

Persons: Joe Biden, Donald Trump, Biden, Barack Obama, Trump, AP VoteCast, Hillary Clinton, Kevin Wagner, Wagner, Ron DeSantis, Christian Ziegler, “, Evan Power, Nikki Fried, Fried, ” Fried, ___ Spencer, Josh Boak Organizations: WASHINGTON, Republican, Trump, Democratic National Committee, Florida, Republicans, Democrats, Senate, AP, Democratic, Miami, Dade, Fort, Bureau of Labor Statistics, Florida Atlantic University, Republican Gov, GOP, Democratic Party, Associated Press Locations: Florida, Trump's, Lago, Miami, U.S, Midwest, Northeast, Palm Beach, Fort Lauderdale, West Palm Beach, Beach, Fort Lauderdale , Florida

☆ Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
▼ + stars: | 2024-01-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.

Persons: —, it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens

☆ US job openings grew in December
▼ + stars: | 2024-01-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

However, despite the uptick, the labor market remains in the throes of a cooldown amid the Federal Reserve’s aggressive actions to curb inflation. The United States had an estimated 9.026 million job openings in December, according to seasonally adjusted data released as part of the BLS’ monthly Job Openings and Labor Turnover Survey (JOLTS) report. Economists had expected December job openings to drop for a fourth consecutive month and land at 8.714 million. Outside of the initial stages of the pandemic, that was the lowest hires rate since 2014. At one point in early 2022, job openings soared north of 12 million.

Persons: “, ” Jennifer Lee, that’s, Jerome Powell Organizations: New, New York CNN, of Labor Statistics, United, Labor, BMO Capital Markets, Fed, BLS, Federal Reserve Locations: New York, United States

☆ ‘Positive’ labor market data can still feel awful for workers, job seekers. Here's why
▼ + stars: | 2024-01-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Layoffs and discharges changed little at 1.6 million, remaining at a rate of 1% for the fourth consecutive month. In November, the hires rate fell to 3.5%, the lowest rate since 2014 outside of the Covid-19 pandemic recession. For all of 2023, the hires rate averaged 3.8%, making it only the 11th best year out of 23, she said. There were more job openings a few years ago because of the high turnover. From October to November, job opening rates decreased in four states, increased in two and were little changed in 44 states and the District of Columbia.

Persons: Julia Pollak, Pollak, Elise Gould, Gould, Bustamante Organizations: Getty, U.S . Bureau of Labor Statistics, Labor, Economic Policy Institute, Employers, District of Columbia, Bureau of Labor Statistics Locations: Montana, Arizona, Oregon, California, Connecticut

☆ Consumers Feel Better About the Economy. Why? Gas Prices, Eggs, Stocks
▼ + stars: | 2024-01-29 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Listen, I'm not saying that all the good vibes Americans are suddenly feeling about the economy boil down to stocks, gas prices, and eggs. What improved America's economic vibes was basically three things: the soaring stock market, falling gas prices, and eggs. Research shows that consumers feel more pessimistic when gas prices go up — James Surowiecki points out in The Atlantic that high gas prices also make people less happy and more likely to hate the president. If oil prices stay relatively low and, in turn, keep gas prices down, less exasperated drivers could help Joe Biden keep his job come November. There are all sorts of geopolitical threats and unknowns that could throw global trade and oil prices (and thus gas prices) into chaos.

Persons: I'm, there's, There's, Jordan Weissmann, —, It's, James Surowiecki, Joe Biden, they're, Emily Stewart Organizations: University of, Dow, Federal Reserve Bank of San, AAA, Research, Bureau of Labor Statistics, Times, Business Locations: America, The

☆ A Burger King employee who's worked there for 50 years says she loves her job so much she even comes to work when she's sick or in pain
▼ + stars: | 2024-01-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Burger King employee says she enjoys her job so much she even comes in when she's sick or in pain. Wanda Byrd has worked at the Burger King in Medicine Park, Oklahoma for 50 years. AdvertisementA Burger King employee who's worked there for more than 50 years says she still comes to work when she's sick or in pain because she enjoys her job so much. Byrd told KSWO that in 2005, the burger chain gave her a Jeep to reward her for her speedy service. One Burger King worker who's been at the chain for nearly 30 years said the healthcare insurance he gets covered his four daughters through high school and college.

Persons: Wanda Byrd, —, who's, she'd, Byrd, KSWO, who've, Burger Organizations: Burger King, Service, King, Medicine, Business, Bureau of Labor Statistics Locations: Medicine Park , Oklahoma, Oklahoma

☆ Labor unions, with power and popularity rising, are still trailing on one big battle
▼ + stars: | 2024-01-28 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

High-profile strikes by writers and actors against Hollywood brought the union power to the mainstream as pictures of celebrities holding picket signs flooded social media. But one big win continues to elude labor: the need to translate its rising popularity into an increase in rank-and-file union membership, which has stagnated in recent decades. It's not a lack of support from the public that's holding unions back from making more progress in growing their ranks. Even before the big wins of 2023, polling conducted in recent years showed rising union popularity, with support at its highest level since 1965, according to 2022 data from Gallup. 'The Great Reset'In 2023, it was a banner year for American workers who support the labor movement.

Persons: Biden, —, Heidi Shierholz, I've, Thomas Kochan Organizations: United Auto Workers, UAW, Local, Chrysler Corporate, Division, Hollywood, UPS, Teamsters, Bureau of Labor Statistics, Union, Economic Policy Institute, Gallup, AFL, CIO, MIT Sloan School of Management, Cornell, ILR, SAG, Writers Guild of America Locations: Ontario , California, American, Michigan, America

☆ Gig driving was a glimmer of hope for many people with disabilities — but for some, it's a dead end.
▼ + stars: | 2024-01-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +14 min

Some told BI that they can't find other accommodating jobs and that gig work is a dead end. He said gig driving was one of his only options to supplement his disability benefits. Robert is one of many disabled gig drivers who say they have no other options to make a living. "Disabled gig workers can be forced to rely on gig work for income because of issues with exclusion and discrimination in traditional workplaces," Shruti Sannon, a technology-policy program director at the ACLU who authored a paper on disabled gig workers, said. For many disabled gig drivers with medical issues, gig work is a temporary but necessary step toward getting back on their feet.

Persons: Uber, —, Robert, there's, he's, Shruti Sannon, Sannon, Lyft, they're, Omar Ford, Jason McConahy, it's, aren't, Douglas Kruse, Lisa Schur, Schur, Kruse, " Kruse, Shane, hasn't, I've, Rene, Richard H, Richard, I'd, Michael, Jacob Zinkula Organizations: Service, Lyft, Business, Rutgers University School of Management, Labor Relations, Rutgers, of Labor Statistics, Marine Corps, Air Force, Uber, Arizona State University Locations: Portland , Oregon, South Florida, Las Vegas, North Carolina, Denver, Phoenix, New Jersey

☆ 'The economy isn't sick right now,' economist says—here's why Americans still feel like it is
▼ + stars: | 2024-01-26 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

Sentiment about the U.S. economy is currently in an upswing: 28% of Americans would say the economy is either excellent or good, according to recent data from Pew Research Center. In January 2020, 57% of Americans said the economy was good or excellent. More young adults are employed full-time today than in 1993, according to Pew data. 'A substantial amount of Americans are feeling the effects of the inflationary period'High prices remain the stickiest issue. Of Americans who reported feeling like the economy is fair or poor, more than a quarter said it's because of high inflation.

Persons: Kyle K, Moore, Joceyln Kiley Organizations: Pew Research, Economic, Institute, Pew, U.S . Bureau of Labor Statistics Locations: U.S

☆ The US economy ended 2023 with a bang
▼ + stars: | 2024-01-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Real GDP grew at an annualized rate of 3.3% in the fourth quarter. After real GDP surged 4.9% in the third quarter, the latest point suggests still strong growth. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Real GDP rose at an annualized rate of 3.3% per the news release from the Bureau of Economic Analysis.

Persons: —, Steve Rattner, Willett, Rattner Organizations: Service, National Association for Business Economics, Willett Advisors, Bloomberg, Labor Statistics

Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.

Persons: ”, Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, “, Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California

☆ Opinion | Inflation Worries and Snickers Bars
▼ + stars: | 2024-01-25 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Economic Indicator We Need? A Candy Bar,” by Paul Donovan (Opinion guest essay, Jan. 21):Contrary to Mr. Donovan’s claims, I’m not uninformed about inflation. I know the latest year-over-year inflation rate, as well as the latest month-to-month inflation rate. Given these realities, I have every right to be upset with our disingenuous political and corporate leaders who claim that inflation isn’t a concern. And I have every right to be upset with the numerous opinion pieces, including Mr. Donovan’s, that attempt to explain away the ignorance of my good fortune.

Persons: Paul Donovan, Jan, Donovan’s, I’m Organizations: Bureau of Labor Statistics ’, Trump, Biden

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