Monthly Archives: May 2021

Some Workers Reluctant to Return to Their Jobs

Financial FAQs CNBC.com “In the week ending May 15, the advance figure for seasonally adjusted initial (jobless) claims was 444,000, a decrease of 34,000 from the previous week’s revised level. This is the lowest level for initial claims since March … Continue reading

Posted in Consumers, COVID-19, Economy, Politics, Weekly Financial News | Leave a comment

Why So Much Inequality?

Answering Kennedy’s Call Epi.org There aren’t many economists that still debate the origins of our record income inequality, the worse in the developed world, and even in some of the developing world. A loss of $10/hour in the typical worker’s compensation … Continue reading

Posted in Consumers, COVID-19, Keynesian economics, Politics, Weekly Financial News | Leave a comment

Job Openings Soar

Financial FAQs Calculatedriskblog “The number of job openings reached a series high of 8.1 million (yellow line in graph) on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Hires were little changed at 6.0 … Continue reading

Posted in Consumers, COVID-19, Economy, Weekly Financial News | Leave a comment

A disappointing Jobs Report

Popular Economics Weekly MarketWatch.com Not everyone is eager to go back to work, according to this morning’s unemployment report. The US economy added just 266,000 new nonfarm payroll jobs in April. Leisure and hospitality led the way with 331,000 jobs … Continue reading

Posted in COVID-19, Economy, Keynesian economics, Weekly Financial News | Leave a comment

The Age of Narcissism is Ending

Answering the Kennedys’ Call PEWResearch The election of President Biden is bringing an end to the age of narcissism, or as Tom Wolfe titled it in 1976, “The ‘Me’ Decade”. Only 30 percent of adult Americans say they still like our former … Continue reading

Posted in Consumers, COVID-19, Economy, Keynesian economics, Politics, Uncategorized, Weekly Financial News | Leave a comment