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Ben Casselman
Posts
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A 30-Year Trap: The Problem With America’s Weird Mortgages
One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.
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One Casualty of a Shutdown: Government Data
A lapse in funding would delay data on unemployment and inflation as policymakers try to avoid a recession.
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Wages Rose Only 0.2% in August, Easing Inflation Fears
The August increase was the smallest since early last year, a welcome sign for Federal Reserve policymakers.
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U.S. Jobs Total 300,000 Less Than in Earlier Data Through March
Revised figures for the year ended in March show 300,000 fewer jobs at the close of the period than previously reported.
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Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers...
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
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The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
The furious pace of job-switching in recent years has led to big gains for low-wage workers. But the pendulum could be swinging back toward employers.
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Consumer Spending Stalled Last Month
The slowdown is good news for policymakers worried about inflation, but a sign that the engine of the economy could be losing steam.
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GDP Revision Shows Bigger US Economic Growth in Q1
Government data showed that G.D.P. rose at a 2 percent rate in the first quarter, better than initially reported.
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William E. Spriggs, Economist Who Pushed for Racial Justice, Dies at 68
An educator who served in the Obama administration, he championed workers, especially Black workers, and challenged his profession’s racial assumptions.