Consumer spending picks up… private hiring does not.
Bad news: This morning, a private payroll service said U-S companies unexpectedly decreased their workforces last month by 39,000 people. Good news: MasterCard says consumers spent a little more last month on back-to-school clothes and electronics. Bad news again: They spent less on “luxuries.” (Apparently, electronics are no longer luxuries?)
Microsoft is trying to challenge Apple’s superiority at store-retailing. MSFT is about to open its fifth and biggest retail store — directly across from the Apple store at the Mall of America.
Budgetary pressures may lead New Jersey’s Governor to pull the plug on an $8.7 billion commuter rail tunnel under the Hudson River. Unfortunately, this is a taste of what’s to come for states around the country.
And, after a night of dramatic negotiations, Boston Red Sox owner John Henry is about to also own the Liverpool football team in England. How do Liverpool fans feel about that move?
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Give today and get our limited edition tote.