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Labor Market
March 9, 2022
Economy

Last year, workers quit their jobs at the highest rate on records back to 2000, suggesting that Americans were willing to leave employment in search of better wages or more desirable perks, including remote work.

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Employment
March 7, 2022
Economy

Employers added 678,000 workers to their payrolls in February, the biggest gain in seven months. The jobless rate fell to 3.8% from 4.0% a month earlier, edging closer to the 50-year low of 3.5% hit just before the pandemic.

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Commodity Inflation
March 4, 2022
Economy

Wheat has surge to its highest level since 2008. Corn prices have jumped around 25% so far this year touching their highest levels since March 2013. Aluminum and nickel have jumped to their highest levels in over a decade.

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Rate Increase
March 2, 2022
Economy

Federal Reserve Chairman Jerome Powell said a rate increase would be appropriate in March, and it’s too soon to tell how the war in Ukraine will affect the U.S.

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Oil Prices
February 25, 2022
Economy

Brent crude, the international oil benchmark, traded above $100 per barrel Thursday morning. Futures for West Texas Intermediate, the main grade of U.S. crude, topped $96 per barrel late Wednesday, putting them up 28% this year and 52% over the past 12 months, now at its highest level since 2014.

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Working Remote
February 24, 2022
Economy

New research shows office reluctance is less about Covid-19 and more about convenience. As of this month, 61% of U.S. workers who telecommute most of the time are doing so by choice. Among this group, more than three-quarters simply said they prefer working from home.

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SoFi Technisys
February 22, 2022
Economy

SoFi is buying banking-software firm Technisys for about $1.1 billion, the latest in a string of deals designed to turn the lender into a one-stop financial shop.

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Faster Rate Increases
February 17, 2022
Economy

When the Fed raised interest rates between 2015 and 2018, it did so gradually—and never more than once every quarter. Under the economic outlook they judged most likely last month, most officials last month “suggested that a faster pace of increases…than in the post-2015 period would likely be warranted,” the minutes said.

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Pandemic Wealth
February 11, 2022
Economy

The average net worth of households headed by someone aged 55 to 64 rose by $180,095 between Jan. 1, 2020 and Sept. 30, 2021, an increase of 15.3%.

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