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Economy

What if the job market had a Spotify Wrapped?

by Matt Levin
Dec 6, 2024
We asked economists which songs embodied the American labor market in 2024.
This week, Spotify dropped its annual Wrapped, which lists users' most-played songs and artists of the year.
Illustration by Jordan Mangi/Marketplace | Photos Dimitrios Kambouris, Timothy Norris, Scott Legato/Getty Images
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Modest but steady wage gains may continue into the new year

by Mitchell Hartman
Dec 5, 2024
Hourly earnings have hovered at 4% annually. That's not an inflation threat, but some workers say their income can't keep up with their costs.
Wages are in a sweet spot that outpaces inflation but doesn't stoke it, says economist Dean Baker.
Justin Sullivan/Getty Images
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Job gains solid in evergreen industries this year, sluggish in cyclical

by Justin Ho
Dec 5, 2024
"Secular" sectors like health care and education, which are less economically sensitive, have been responsible for a lot of hiring.
The Department of Labor will report on the job market Friday, revealing which sectors created the most jobs in November.
J. David Ake/Getty Images
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Economic Pulse

Has financial insecurity replaced upward mobility in the U.S. economy?

by David Brancaccio , Ariana Rosas and Erika Soderstrom
Dec 4, 2024
And will any of that change in an economy under the next Trump administration?
"We've been taught the story about the deserving rich and the undeserving poor for generations," said Alissa Quart. "This idea that we're doing this all on our own is a fiction."
Spencer Platt/Getty Images
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Some manufacturers worry about a return of inflation and high rates

by Justin Ho
Dec 2, 2024
High interest rates have held back investment in production. They've eased, but firms are wary of the effects of potential tariffs and tax cuts.
Federal Reserve Chair Jerome Powell. How the Fed responds to inflation influences corporate and consumer decisions.
Chip Somodevilla/Getty Images
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Wage growth still exceeds inflation

by Mitchell Hartman
Nov 28, 2024
Wage growth for the last several months continued to exceed inflation, though there are some signs of cooling.
Wages have been outpacing inflation, but there are signs that may not last.
Mario Tama/Getty Images
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Companies are spending more on intellectual property. Why?

by Stephanie Hughes
Nov 27, 2024
Some businesses are trying out software with AI capabilities.
More companies are investing in intellectual properties like AI.
Jason Redmond/AFP via Getty Images
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In an uncertain housing market, home builders face a range of challenges

by Justin Ho
Nov 26, 2024
A shortage of skilled labor, high labor costs, and uncertainty about the effect of tariffs on lumber prices weigh on some homebuilders.
Inflated costs and low labor pools are making home building challenging.
Jim Watson/AFP via Getty Images
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Many doctors face another cut in Medicare reimbursements

by Samantha Fields
Nov 25, 2024
That drop in payments has a ripple effect through the health care system. It's particularly hard on small, rural practices, some doctors say.
Unless Congress intervenes, the Medicare reimbursement rate for doctors will go down by nearly 3% on average starting in January.
Alex Wong/Getty Images
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The EV market has growing pains, here and abroad

by Stephanie Hughes
Nov 21, 2024
Ford is cutting 4,000 jobs in its European workforce, noting that the industry shift to electric vehicles has been “highly disruptive.”
"We need to have lower-cost vehicles" in the EV market, says Tallis Blalack, an electrified roadways consultant.
Scott Olson/Getty Images
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