Unemployment rate rises in May amid inflation | Paul Davidson posted on the topic | LinkedIn (2024)

🎓 Freshly mintedcollege graduates have been hit harder by#inflationthan all other age groups, and the effects could cast a shadow over their financial health for years to come, according to studies by MoodysAnalytics and TransUnion.. Are you wondering why? One reason is that #GenZ's incomes are lower as they're just entering the workforce. Plus, they’re big consumers of some of the chief inflation drivers, like housing and meals out.But there is good news: relief appears to be on the horizon, with some of those price increases poised to slow in the coming months. 📉Read my whole story for USA TODAY

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Are you a fairly recent college grad (age 22-27) who's struggling with inflation in some way, such as high rent or car insurance costs? If so, I'd like to speak with you for a story I'm working on about how Gen Z members have been hit harder by inflation. If interested, please email pdavidson@usatoday.com. Thank you!

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The end of the pandemic heralded a revival for large cities. But Americans are still leaving big cities for small towns. The main reasons are the spread of remote work, which allows people to do their jobs anywhere, and more affordable housing and other expenses in smaller metro areas.There's a twist: The shift is leading to a sharper acceleration in home prices in small towns compared to the pre-COVID trend and a slower pickup in but cities. Over time, that could help narrow the affordability gap between large and small metro areas, drawing some folks back to large cities. Read my story to find out more:

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USA TODAY worked with Statista to create a ranking of top financial advisors, winnowing down a universe of tens of thousands. We hope the rankings help people find the right advisor in a volatile market. Check out the list and my story on what's going on in the industry. #financialadvisors #statista

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Despite a seemingly strong job market, people are working fewer hours each week. The average work has gradually fallen to 34.3 hours in May from 35 hours in January 2021. The trend is a bit puzzling because job growth has been robust, which generally reflects healthy customer demand. My story looks at why it's happening. #jobsreport #jobs #jobsearch

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As wages rise, older workers are taking restaurant and retail jobs long considered rite-of-passage positions for teens and young adults. Here's my story:

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Gig work was already in vogue but it seems to be picking up steam. Many tech companies that laid off employees are turning to gig workers. Other firms bring on contractors in an uncertain economy. Here's my story:

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Some economists say Friday's blockbuster jobs report shouldn't have been such a downer for markets. Check out my story:

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Job growth has been strong but it's poised to slow more sharply, economists say. Check out my story:

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