Economics reporter at @MarketWatch. Writing from Washington on economics and a dash of politics. "Home" economist. Send comments to jeffry.bartash@dowjones.com
Wholesale inflation is up 6.5% annually and keeping pressure on the economy. Fortunately not all these costs get passed onto us. Companies have big profits. And I won't pay more unless I have to. Want to risk losing me/us as customers? marketwatch.com/story/wholes… via @MarketWatch
Are layoffs on the rise? Jobless claims climbed to a 4½-month high in early June. I'd be worried if it was really happening, but it almost certainly isn't. The jobs market has gotten better this year by almost any way you look at it. marketwatch.com/story/jobles… via @MarketWatch
CPI shows rate of US inflation climbing to a 3-year high of 4.2% in May. Is this the high-water mark? Not based on renewed conflict in Iran, but still too early to say. No matter. Fed can't cut rates now. Some good news: The more important core CPI was up just slightly (0.2%).
Inflation is at a 3-year high, putting new Fed chief Kevin Warsh right on the hot seat. Trump wanted Warsh to cut interest rates, but the Fed can't. Not with 4% inflation. Now there's talk of rate hikes, and stocks are reacting badly. marketwatch.com/story/inflat… via @MarketWatch
AI may be killing some high-tech jobs. It's got to. But it isn't Frankenstein's monster. At the same time, it's creating jobs. Who’s wins, who loses? Does the U.S. benefit overall? I'd say yes, but then, AI hasn't killed my job yet! marketwatch.com/story/ai-may… via @MarketWatch
Let me get this straight. The economy adds a bunch of jobs. Biggest spurt of hiring in 2 years. Great. But that means the Fed might raise interest rates. Bad. So what happens? Stock market tanks. Good news for some, not so for others. marketwatch.com/livecoverage… via @marketwatch
The worst time to find a job since the pandemic may be over, but it isn’t easy for young people and others to get hired in today’s economy. The May employment report will offer more clues on whether a hiring rebound is really under way. .marketwatch.com/story/the-ec… via @MarketWatch
Jobless claims jumped to a 4-month high, but don’t be fooled. Business aren't actually cutting more jobs and laying off workers. So what exactly happened? marketwatch.com/story/jobles… via @MarketWatch
The Iran war hasn’t really slowed the economy, at least not yet. But higher inflation has pressured companies to freeze hiring so they can keep costs down. Only health care is really seeing strong job creation. marketwatch.com/story/iran-c… via @MarketWatch
Businesses added the most jobs in May in 16 months, ADP found. Great. Well, sort of. Problem is, most of the new hiring is taking place in health care. Not so easy to find work in other occupations. Labor market just OK. marketwatch.com/story/adp-sa… via @MarketWatch
Had to do a double take when I saw U.S. job openings jumped to a 2-year high. Turns out there was a big catch, as I suspected. Still good news, though. Labor market is thawing out and more people are finding jobs. Let's hope it continues. marketwatch.com/story/a-froz… via @MarketWatch
The economy is hard to figure. American manufacturers are on the best hot streak since 2022, ISM finds. You'd think tariffs, Iran, supply woes, high oil prices & inflation would hurt them. And they are. But AI has been a game-changer. marketwatch.com/story/u-s-ma… via @MarketWatch
Americans say they feel worse than ever about their financial well-being, a longtime consumer survey shows. White House calls it bunk. Who’s right? Well, the economy has been much worse, but people do have a lot to feel unhappy about. marketwatch.com/story/americ… via @MarketWatch
Consumer sentiment sinks to an all-time low. Is it just because Democrats despise Trump? No. Independents and Republicans aren't all that happy, either. But is the economy really that bad? Uh-uh. The U.S. isn't even in a recession. marketwatch.com/story/consum… via @MarketWatch
Artificial intelligence is like a modern-day gold rush. So much attention and money pouring into it. Yet it's raising a lot of worries with the public about job losses and other problems. Here's another worry: It's adding to inflation. marketwatch.com/story/artifi… via @MarketWatch
U.S. retail sales looked decent in April. Americans aren't really spending any less than usual. So good news for the economy. Yet they have to spend a lot more on gas than other needs and wants due to higher prices. That's not so great. marketwatch.com/story/u-s-re… via @MarketWatch
Is inflation heading to 6%? Are we going to relive the big price spike after Covid? Probably not — but inflation will get worse before it gets better. A deeper dive. marketwatch.com/story/is-inf… via @MarketWatch
Gotta say I was even stunned by the huge jump in wholesale prices last month. Biggest gain in 4 years. Producer costs are up 6% in the past year. Is it really that bad? Probably not. But inflation will get worse before it gets better. marketwatch.com/story/wholes… via @MarketWatch
Did rents suddenly surge in April and boost inflation? The short answer is ... not really. Here’s the real story. - and it goes all the way back to last fall's record-long government shutdown. Thanks, Washington. marketwatch.com/story/did-re… via @MarketWatch
Inflation hits 3-year high, CPI shows. Until recently gas prices and airfares were most affected. Now the pain is spreading to other things. Most of this inflation will recede once the Iran conflict ends. Who knows how long it will take. marketwatch.com/story/inflat… via @MarketWatch