Consumer prices slip in the eurozone
President Barack Obama is in Michigan on Wednesday to highlight the resurgent automotive and manufacturing sectors. The auto industry employs over 730,000 workers in the U.S. (according to the Center for Automotive Research), a level not seen since before the recession. Some aren’t so sure it’s time to celebrate, because the quality of the new jobs doesn’t match the old.
That’s how much consumer prices in the eurozone fell in December from a year earlier, according to the European Union’s statistics agency. As the WSJ reports, it’s putting pressure on the European Central Bank to bolster its stimulus program sooner than later.
On average, unemployed women spend that much time each day caring for others or doing housework, according to the American Time Use Survey. Unemployed men averaged less than half that, and were far more likely to spend the majority of the day watching TV or relaxing. The Upshot has a breakdown in several beautiful charts.
That’s the (all-time high) cost of scallops coming out of Maine this season. It’s largely due to the state’s newly implemented catch limits aimed at protecting the valuable fishery after stocks reached historic lows. This year, fishermen who operate Maine’s 400 day boats say they’ll probably exhaust quotas by late January, well before the season officially ends.
That’s how many extra calories Americans tend to buy per serving during the holidays, the Washington Post reported. But after the holiday, that number doubles and the extra food becomes less healthy, flying in the face of many folks’ go-to New Year’s resolution.
Amazon’s sales ranking for Moisés Naím’s “The End of Power,” before Mark Zuckerberg put it at the top of his reading list a few days ago. Now it’s in the top 10 and being restocked after initially selling out, Quartz reported. Turns out Zuck might be the new Oprah.
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.