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The Latest Breaking News from NBER

Oldest siblings tend to earn more than their brothers and sisters, studies show - and now researchers think they know why

New research has suggested the reason why older siblings are likely to earn more than their brothers and sisters - although the difference in earnings is smaller than you might think.

GoodToKnow

College jocks—not nerds—turn out to have more successful careers and earn $220K more, research finds

Revenge of the nerds is a fantasy.

Fortune

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU

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Are we in a recession right now? This is what it is and how to prepare

Many experts think the U.S. economy is heading toward a recession—here is what that means and how to prepare.

Fortune

Alexis Leondis: Stop panicking about boomerang kids

When adult children move back in with their parents, it causes a lot of cultural anxiety. We call them moochers or spongers. We say they’ve failed to launch.

Tribune News Service

WFH saves employees 2 hours a week in commute time. They're spending it in ways CEOs don’t expect

CEOs like Elon Musk say remote workers are less productive. But they spend most of their "commute" time working more.

Fortune

How Long? How Often? 10 Facts About Economic Recessions

Fears of an economic downturn are once again on the rise, but what is a recession, exactly? We tackle this and other questions here.

Kiplinger

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Economist explains when we’ll know the recession is here and how long it will last

North Carolina economists last week told The Charlotte Observer they’re increasingly concerned about an impending recession.

Tribune News Service

Who are the eight economists who decide when the US is in a recession?

The US Commerce Department on Thursday announced that the country’s gross domestic product had fallen for the second consecutive quarter, although President Joe Biden said the economic data overall “doesn’t sound like a recession”. In most countries, two successive quarters of GDP decline qualify as a recession – but not…

France 24

Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay

"The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness.

Reason

Why is it so hard to say if this is a recession?

Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics.

Los Angeles Times

US economy shrinks in second quarter, signaling unofficial start of recession

The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season

The Guardian - US

U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

WEKU

EXPLAINER: How do we know when a recession has begun?

By one common definition, the U.S. economy is on the cusp of a recession

The Independent UK

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Axios

Five key things to know about the "is this a recession" controversy

It's hard to recall a White House deploying as much effort to pre-spin economic data.

Axios

A weird economy that may (or may not) become a recession

All signs suggest growth is weakening, but hasn’t fallen off of a cliff — yet.

USAFacts

What is gross domestic product, or GDP?

GDP is an overall measure of economic activity. How is it calculated and used?

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People

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