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Pandemic economy

My Economy

Role reversal at home has allowed her photo studio to grow during the pandemic

by Anais Amin
Feb 10, 2022
When her husband started working from home, Liz Hansen was able to spend more time at her boudoir-style photography business.
A Paycheck Protection Program loan helped Liz Hansen keep her Chicago Boudoir Photography studio afloat during the early pandemic shutdown.
Courtesy Hansen
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COVID & Unemployment

Omicron’s peak coincided with key week for jobs data

by Matt Levin
Feb 2, 2022
The Bureau of Labor Statistics' "reference week," used to calculate employment, included Jan. 12 — when omicron was at its worst.
Eric Baradat/AFP via Getty Images
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Survey finds many Americans unprepared for $1,000 emergency expense

by Justin Ho
Jan 19, 2022
According to the Bankrate survey, 20% would need to use a credit card to pay off a big emergency expense and 10% would borrow from family or friends.
Inflation is part of what's chipping away at Americans' savings.
szefei/Getty Images
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My Economy

Automotive supply chain issues haven't driven this mechanic mom out of business

by Anais Amin
Jan 17, 2022
When Erin Gomes opened her repair shop in March 2020, it was deemed an essential business. That helped keep it up and running.
Erin Gomes, owner of Bavarium Autoworks in Mountain View, California, at the shop with her youngest son, Johnny. The mother of three said running the business while taking care of her kids is no easy feat.
Erin Gomes
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Millions subscribed in streaming services this year, but will the steam fizzle out?

by Kimberly Adams and Anais Amin
Dec 28, 2021
Deloitte Global predicts that at least 150 million paid streaming service subscriptions will be canceled globally in 2022.
"Netflix and streaming services operate in a way where they're not just competing with each other, they're very much competing with literally any other thing that we could be doing," said The Verge's Catie Keck.
Hocus-focus via Getty Images
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COVID-19

Consumer confidence rises, undeterred by omicron

by Amanda Peacher
Dec 22, 2021
Americans are reassured that businesses are still operating. Yet some economic uncertainty lingers.
The spread of the new coronavirus variant hasn't seemed to dampen consumer confidence, which reached 115.8 in December. However, that remains below pre-pandemic levels.
Brandon Bell via Getty Images
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What worker productivity numbers can reveal

by Nancy Marshall-Genzer
Dec 9, 2021
Productivity drops can confirm other trends like rising wages and shortages of materials.
Labor productivity is a measure of worker output and can be used by the IRS to forecast tax collections.
xavierarnau via Getty Images
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Why superfast grocery delivery is coming

by Kristin Schwab
Dec 7, 2021
DoorDash is launching a DashMart service in New York City that promises grocery delivery in 15 minutes or less. It already has competition.
A New York City distribution center for Buyk, a 15-minute grocery delivery service,
Spencer Platt via Getty Images
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My Economy

This facilitator uses creativity and play to bring teams together

by Sarah Hawkins and Anais Amin
Dec 2, 2021
Jessica Shaw founded a company that brings play into workplaces to cultivate the human connection.
“We found that games and wordplay were a great way of supporting that sense of people reaching through the screen," said Jessica Shaw, founder of PACT Creative Training.
SDI Productions via Getty Images
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Millennials facing high inflation for the first time

by Kristin Schwab
Dec 1, 2021
Beset by economic instability since 9/11 and the Great Recession, many millennials feel pressured and anxious about their prospects.
Millennials have already grappled with steep housing and tuition costs, and many entered the job market during the Great Recession.
Moyo Studio via Getty Images
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