Latest Stories

Latest Stories

What does the Phillips curve tell us about the economy?

Jun 5, 2024
The Phillips Curve says that low unemployment is linked to high inflation. But history shows that the economy doesn't always work that way.
Economist A.W. Phillips came up with what’s known as “the Phillips curve” in 1958. It says that low unemployment is linked to high inflation.
Orbon Alija via Getty Images

How the paper "wealth effect" influences real-life spending

Jun 5, 2024
Consumers enjoying a buoyant stock market and high house prices may feel inclined to spend more, but how much more is uncertain.
Paper wealth pumps you up, according to the wealth effect. If you feel good financially, you'll spend more, regardless of how much actual money you have.
Michael M. Santiago/Getty Images

Coworking spaces are trying to put a new lease on the WeWork business model

Jun 5, 2024
A former church. A motorcycle repair garage. Some coworking space companies are eschewing the WeWork business model and are opting for a more local approach.
Forming positive connections with coworkers is important, but can be much harder to do in the era of remote work.
Sean Gallup/Getty Images

Nanobubbles help this lakeside cope with toxic algae — and the changing climate

Jun 5, 2024
As climate change warms water, algae is killing fish and plants in U.S. lakes, including California's Lake Elsinore. New tech could save them.
After a new investment and a wet winter, Lake Elsinore is the bluest and cleanest it’s been in years.
Caleigh Wells/Marketplace

What does “seasonally adjusted” mean, anyway?

Jun 5, 2024
It’s one of those terms we hear attached to economic data all the time. But what is seasonal adjustment and how is it done?
It could appear that there's a recession each January because of the drop in seasonal workers, like mall Santas, after the holidays. Hence the importance of seasonally adjusting data.
Jon Cherry/Getty Images

Open streets helped New Yorkers endure the pandemic. Now, some want the changes to be permanent.

Jun 5, 2024
The open streets movement boomed during the height of the pandemic, when many wanted to get outside while staying safe. Now, some want to keep expanded access to streets and sidewalks.
Signs signal that this intersection in Williamsburg is mostly blocked off to traffic to make room for pedestrians.
Nova Safo/Marketplace

The '24 Olympics could have been in Boston. Did the city miss an opportunity or dodge a bullet?

Jun 5, 2024
The same disputes from the Olympic bidding process still rage.
Boston proposed building an Olympic stadium near its downtown in a failed bid for the 2024 Olympics.
Courtesy Boston 2024

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The parts of the economy that make stuff are in a bit of a slump

Jun 5, 2024
The government reports construction spending fell for a second month in April. And factory orders were up less than 1% after being revised down for March.
Over the past few months, manufacturing employment has been stable.
Jim Young/AFP via Getty Images

April factory orders were up, slightly, for third straight month

Jun 4, 2024
The 0.7% increase signals a healthy tone for manufacturing, at least relative to recent weak readings for construction and consumer spending.
Demand for construction and industrial equipment was up about 2% in April from March, boosted by federal infrastructure funding. Above, construction on a semiconductor plant in Texas.
Brandon Bell/Getty Images

Steady hiring and quitting rates may be a sign that workers are staying put

Jun 4, 2024
The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.
The April JOLTS report is a sign the economy is coming back to a very good job market. It's just not the once-in-a-lifetime market of 2021 and 2022, says economics professor Ethan Struby of Carleton College.
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