Here’s where the jobs are for July 2023 — in one chart
The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total. The health care and social assistance category grew by 87,100 jobs last month, according to the Labor Department. That total jumped to 100,000 when including education jobs, as some economists do. Health care and social assistance […]
In Defense of Tipping, Part II: Price Discrimination
In my previous article, I defended the much-maligned norm of tipping as an ingenious method of solving principal-agent problems. Gratuities incentivize good customized service when an employee can’t be monitored effectively. In this installment, I argue that tipping is a form of price discrimination that benefits employers, employees, and customers. What Is Price Discrimination? Although […]
Excellent Insights into Barack Obama
Yet what Garrow documented, after tracking down and interviewing Sheila Miyoshi Jager, was an explosive fight over a very different subject. In Jager’s telling, the quarrel that ended the couple’s relationship was not about Obama’s self-identification as a Black man. And the impetus was not a play about the American Black experience, but an exhibit […]
Here’s everything you need to look for in Friday’s July jobs report
Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up. Jeff Greenberg | Universal Images Group | Getty Images Friday’s jobs report could provide a crucial piece to the increasingly complicated puzzle that is the U.S. economy and its long-anticipated slide into recession. Wall Street prognosticators expect […]
Meet America’s disguised property investors
Who really bought the house next door? In America purchasers of residential property typically fall into two categories. First are the owner-occupiers, buying a home and hearth where they can live out their white-picket-fence American dreams. The rest are investors of various kinds. They may be flippers, looking to spruce up an old home and […]
Bank of England raises interest rates by 0.25 percentage points
The Bank of England has raised interest rates by 0.25 percentage points to 5.25 per cent and warned that borrowing costs are likely to remain elevated despite slowing inflation. The central bank’s Monetary Policy Committee voted by six to three on Thursday to take interest rates to a 15-year high, with two members preferring a […]
