As the market seems to have rebounded slightly this week, the headlines have turned to labor markets and housing markets, which are both showing signs of a changing trends. That plus investing, first-gen college students, financial scams, and more in this week’s reading list.
- Unemployment claims have started to creep up and hit an 8 month high this past week. (ABC News)
- For a comprehensive look at all employment related data and discussion of lagging (vs leading) indictors(of recession), this Schwab article is a great resource. It highlights indications of changes in trends, and concludes that the “tight labor market” story is about to change.
- Forbes covers all of the recent major layoff announcements. And Goldman Sachs may be reinstating it’s traditional year-end cutting of low performers, a practice that was halted (temporarily) in the tight labor market. Is this a sign of a return to normalcy, or an anticipated economic slowdown? (CNBC)
Economics-Interest Rates and the Dollar
- For a good explanation of the inverted yield curve and what that has to do with a potential recession, try this NYT article.
- The US Dollar is stronger than it has been in a very long time. This NYT article explains why that is, and what it means for the US and foreign economies.
- Wondering how long this bear market might last? If you would like a review of past bear markets, this Wealth of Common Sense post has the data.
- Housing prices may be starting to come back off their recent peak, but the median price of a home is still almost 12% higher than a year ago. For the low down on all housing market data, check out Redfin.
- Are you waiting for crypto to turn around? Reuters takes a look at recent chart/trend analysis for possible indications. (With crypto, there is no fundamental analysis.)
- According to Inside Higher Ed, FAFSA submissions are rising, up 4.6% from 2020 to 2022, but still below the 2019 level.
- The DOE explains how to use a limited-time waiver to get credit for past payments towards Public Service Loan Forgiveness. (studentaid.gov)
- The 2022 Student Voice survey examines the experience of first-gen college students, covering many aspects from factors influencing college selection to definitions of success, and everything in between about their on campus experience. (Inside Higher Ed)
- (CNBC) lists the soft skills most in demand by employers. This could come in handy when helping students to build strong resumes.
Scams and Fraud
- We are bombarded with scam texts and emails, and it is exhausting. There are costs to everyone, even those not caught out by one of the scams. (WAPO-subscription may be required)