Long-term unemployment is defined as six months or more without work. The number of Americans in that group is up more than 300,000 over the past year, even as the overall jobless rate holds at 4.3%.
“Marketplace” host Kai Ryssdal talks with the CEO of Radiant Nuclear about trying to make portable microreactors for data centers, military bases, and more.
When mortgage rates dipped to 6%, experts anticipated a big year for homebuyers who had been sitting on the sidelines. But then came the war in Iran, which drove rates back up.
Mohamed El-Erian, professor at the Wharton School and chief economic advisor at Allianz, says the war, among other things, is wearing down confidence in the U.S. and its “ability to inform and influence outcomes.”
Two inflation reports drop this week, but neither captures the full picture of what's happening to prices in real time. The gap comes down to a trade-off economists know well: speed versus comprehensiveness.
