Mothers Slowest to Recover Pandemic Job Losses Due to Childcare Needs; Inflation Sticks Around Despite Economic Growth
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Mothers were hit hardest by pandemic job losses and have been slowest to recover lost jobs, likely due to childcare issues.
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Despite rising dollar amounts, debt levels haven't risen steeply compared to economic output when accounting for inflation, population growth, and economic expansion.
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January CPI data showed inflation was stickier than expected, denting investor optimism about imminent rate cuts.
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CPI and PCE indexes have diverged recently in inflation measurements, partly due to differences in how they track housing costs.
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Small business optimism dropped in January as sales expectations fizzled amid still-high inflation.