Though incomes are rising, savings are down for many Americans. Plus: An ex-auto parts clerk remembers counting inventory by hand and manufacturing booms in some regions while struggling in others.
“Marketplace” host Kai Ryssdal talks to Kate Davidson at Bloomberg and Nela Richardson at ADP about this week’s economic data and what it means for the Fed’s fight against inflation, how consumers are currently feeling about the economy, and the state of the labor market.
Consumers are saving the least since 2022, despite “pretty, pretty good” economy
by Stephanie Hughes
SDI Productions/Getty Images
Incomes are up, consumption is up too — but the personal savings rate is down to 3.4%.
Why is manufacturing activity up in some regions and down in others?
by Daniel Ackerman
Scott Olson/Getty Images
Different parts of the country make different products and often respond distinctly to economic trends.
In Boston, office to residential conversions gain traction, aided by subsidies
by Simón Rios
Courtesy City of Boston
Amid widespread office vacancies, developers say creating apartments could provide housing and help stave off declining values.
Ex-inventory clerk ticks off memories of counting merchandise
by Maria Hollenhorst
Brandon Bell/Getty Images
Before barcodes and electronic management systems, there were inventory clerks with pens and clipboards.
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