“Desperate Struggles” in the Job Market

Private credit defaults have officially reached a record. According to Fitch Ratings, the default rate rose to 6.3% in August, exceeding the previous record set only one month earlier. But the most important number may not be 6.3%. It may be Fitch's 45%. And that reveals the bigg ...  Show more

It's FOMC decision day. The data says do nothing. Flat curves say mistake. The inflation data doesn't say what hawks think it does. Do policymakers send a message and Trichet themselves? What about the dots? Where do rates go? 

This episode contains strong language. 

Bartenders, sous chefs, wait staff — at the moment, managers in the U.S. hospitality industry are struggling to fill a range of roles at their establishments.

Managers blame pandemic unemployment benefits for the deart ...

The US employment report for July is due. Like Orwellian newspeak, this can often mean the reverse of what it says it means. The household and establishment surveys portray contrasting pictures of employment (and both have shocking response rates). Immigration, self-employment, a ...  Show more

This week, college graduates struggle to find entry-level jobs - is AI part of the problem? And, Centerview Partners’ Blair Effron on CEOs weathering policy uncertainty, and the importance of New York's next mayor to the city's business community. Plus, how will President Trump’s ...  Show more

– Unemployment falls, hard...

– ... but inflation doesn't budge

– Armaguard on the brink and the future of cash

– What mergers and demergers can tell us (and what they can't)

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