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Search resuls for: "Sockin"


4 mentions found


☆ More teens are working. Here's why a job is 'becoming more compelling' for them, economist says
  + stars: | 2024-07-18 | by ( Genna Contino | ) www.cnbc.com   time to read: +2 min
Last month, more than 5.7 million 16- to 19-year-olds participated in the labor market, Bureau of Labor Statistics data shows, marking the highest teen employment rate in June since 2007. Economists say more teens have been drawn to the workforce because of a hot labor market with more attractive wages. And as long as the economy stays strong, experts aren't expecting a dip in teen employment on the horizon. Economists say the overall direction teen employment takes depends heavily on where the economy is headed. A perfect storm of a tight labor market, rising wages, high education costs and curbed immigration could result in continued higher youth employment, Nestler said.
Persons: Jeff Greenberg, aren't, Brad Hershbein, Hershbein, Young, Matthew Nestler, they're, Nestler Organizations: Universal, Getty, of Labor Statistics, . Upjohn Institute, Employment Research, KPMG, CNBC Locations: Miami Beach , Florida
☆ Citi's Rob Sockin: Expect a U.S. recession this year
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCiti's Rob Sockin: Expect a U.S. recession this yearRob Sockin, Citi global economist, joins 'Money Movers' to discuss what feeds the lack of optimism for economic growth, if CPI data will settle the debate about a June rate cut, and more.
Persons: Rob Sockin Organizations: Citi
☆ We are 'fairly bearish' on oil prices, says Citi's Rob Sockin
  + stars: | 2024-03-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are 'fairly bearish' on oil prices, says Citi's Rob SockinRobert Sockin, Citi global economist, joins 'Money Movers' to discuss Sockin's take on the latest CPI print and how it fits in Citi's overall view, whether Sockin is expecting a recession this year, and how the equity market can perform with weak economic data.
Persons: Rob Sockin Robert Sockin, Sockin Organizations: Citi
☆ The banking crisis is having a slow-burn impact on the economy
  + stars: | 2023-04-25 | by ( Jeff Cox | ) www.cnbc.com   time to read: +6 min
That's a credit hit on Middle America, on Main Street," said Steven Blitz, chief U.S. economist at TS Lombard. Watching growth aheadIn the immediate future, the reading on first-quarter economic growth is expected to be largely positive despite the banking problems. In fact, the most recent recession was just two years ago in the early days of the Covid crisis. Consumer spending has seemed to hold up fairly well in the face of the banking crisis, with Citigroup estimating excess savings of about $1 trillion still available. [The banking situation] is a headwind, but it's not a gale-force headwind, it's just kind of a nuisance."
Persons: Spencer Platt, Steven Blitz, Stocks, Robert Sockin, it's, Dow Jones, isn't, It's, Moody's, Mark Zandi, headwind, Covid, Jim Baird, Plante, Baird Organizations: New York Stock Exchange, Getty, JPMorgan Chase, Bank of America, TS Lombard, First, Bank, P Bank ETF, Citigroup, Commerce Department, Silicon Valley Bank, Signature Bank, Moody's, Financial Advisors Locations: New York City, U.S, America, First Republic, Atlanta
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