HeyJaredEmma Ockerman
- Indexed articles, last 90 days
- 7
- Latest publication
- Aug 7, 2026
- Outlet visibility, for yahoo.com
- Top 1K sites
- Earliest in this view
- Jul 7, 2026
Latest articles
July jobs report: US economy lost 23,000 roles, far short of expectations (opens the original)
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The economy shed 23,000 jobs last month, the Labor Department said Friday, though the unemployment rate slid to 4.1%. Economists surveyed by Bloomberg had expected a gain of 80,000 positions, an improvement from June's revised addition of 20,000 jobs. Those predictions were dashed as leisure and hospitality dropped 40,000 roles as the World Cup wound down and local government positions fell by 57,000. Retailers also axed jobs. May's payroll growth, which had massively surpassed expectations when
K-shaped spending trends might be reversing — or they're just in hibernation (opens the original)
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Are K-shaped spending patterns on their way out? The trend of well-off Americans opening their wallets with more vigor than their lower-income counterparts has defined much of the recent US economic narrative. The story of the K-shaped economy helps explain how spending can remain so resilient despite sentiment being in the dumps, prices grinding higher, the job market remaining tough for many, and "affordability" becoming the political buzzword du jour. But Bank of America economists wrote in a
Inflation cooled off in June as energy prices slid (opens the original)
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Growth in consumer prices cooled more than expected in June — albeit from an already high level — as drivers saw some relief at the pump. The Consumer Price Index, released Tuesday, showed inflation declined 0.4% on a monthly basis in June, the largest single-month decline since April 2020. Annual inflation also eased to 3.5%, the government said, in the lowest yearly reading since March. Economists surveyed by Bloomberg had expected inflation to fall just 0.1% from May and rise 3.8% from a year
More Americans are struggling to repay credit card bills for groceries as costs rise (opens the original)
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High grocery prices are creating downstream financial troubles for more Americans. More than a quarter of US working-age adults who used credit cards to cover grocery costs last year struggled to repay their bills in full later on, either making only the minimum payment or missing that threshold entirely, new research from the Urban Institute has found. And nearly 1 in 10 relied on "buy now, pay later" loans last year, with a third failing to make their payment, according to a survey of over 7,5
K-shaped spending: The top 10% drop nearly as much on nonessentials as the bottom 70% combined (opens the original)
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Households in the top 10% income bracket drop nearly as much money on discretionary items — the stuff that doesn't include necessities like housing and healthcare — as the bottom 70% combined, according to experts at the Bank of America Institute. "That matters because these categories are among the clearest indicators of the health of consumer spending," Liz Everett Krisberg, head of the Bank of America Institute, and David Michael Tinsley, senior economist at the Bank of America Institute, wro
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