Jasmine Walker recently graduated and is applying for marketing jobs but hasn’t found one yet.—bbc.com Aaron Diangienda has spent more than a year searching for a suitable job and plans to return to college to complete his sports diploma.—bbc.com Dean Grey, an entry-level software engineer, struggled to find work as the tech market shifted toward … Continue reading Identifying the Type of Unemployment
Author: EconEye Admin
30-Year Treasury Yield Hits Highest Level Since 2007
The 30-year Treasury yield reached 5.333%, its highest level since 2007, driven by concerns about high inflation, large fiscal deficits being met through borrowing, and increased corporate borrowing to finance AI investment.—wsj.com
A Strikingly High CEO-Worker Pay Gap
In 2025–26, FTSE 100 CEOs earned about 130 times the pay of a full-time U.K. worker.—the guardian.com
Consumer Choice During the FIFA World Cup
LA Metro started shuttle bus services to transport fans to and from Inglewood stadium (SoFi stadium in Los Angeles) during the FIFA World Cup.—reuters.com The SoFi stadium hosted 8 world cup matches.—FIFA World Cup
Beef Processing in the U.S.
The Big Four—Tyson, JBS, Cargill, and National Beef—control 85% of U.S. beef processing. The cattle population is at its lowest level since 1951, making it difficult for the Big Four to operate efficiently. Even small plants built to process 450 cattle per day are now processing only 350.—bbc.com Price-Fixing by the Big Four Meat Processors … Continue reading Beef Processing in the U.S.
Washington’s Millionaires Tax and Income Inequality
Washington's Millionaires Tax will charge a 9.9% tax on annual household income above $1 million starting in 2029. It will be used to put money back into working families' pockets, providing up to $1,330 to help pay for rent, bills, etc.—budgetandpolicy.org
Japan Updates its CPI Basket
Japan has updated its Consumer Price Index (CPI) basket. As office dress codes have become more casual, formal office wear items, such as ties, are out. They are replaced with modern lifestyle items like protein powder.—ft.com
Higher-Than-Expected Inflation Lowers the Real Interest Rate
After cutting interest rates last year, the Fed expected inflation to remain just above its 2% target. Instead, inflation stayed between 3% and 4%, making the Fed’s 3.5%–3.75% policy rate close to zero or negative in real terms. It is the real interest rate that matters for spending decisions.—wsj.com
The American Shopper in Japan
New Yorker Jen Caramichael bought a new Seiko watch in Tokyo for 120,000 yen. At the market exchange rate, that is about $740, compared with the approximately $1,000 she would expect to pay in New York. —wsj.com
Why Doesn’t Arbitrage Eliminate the Price Difference?
While visiting Tokyo, Jen Caramichael noticed that a Seiko watch sells for about $740 there but around $1,000 in New York.—wsj.com