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Europe’s having a pretty good winter, and other parts of the world aren’t doing too badly, either.
Earnings have been rising quickly, but the cooler data may restrain the Federal Reserve’s rate-hike campaign.
It’s called the diffusion index.
Child care is critical if more parents are going to return to work.
Wages were 5.1% higher this November than last, and the unemployment rate stayed steady at 3.7%.
There were even job gains in construction and finance, which were expected to slow down. Wages grew again too.
At the start of the pandemic, the number of part timers who would rather work full time spiked. Now, it’s lower than any time since 2001.
Demand for manufactured goods has grown during the pandemic, but new orders have been falling in recent months.
The economy is not where it needs to be on inflation, says Mary Daly, head of the Federal Reserve Bank of San Francisco.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.