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Assorted Links Monday

Ports, the economy, jobs, jobs, more jobs, postal mail, and shrinkflation.

Dane Carlson
Dane Carlson
1 min read
Assorted Links Monday
Photo by Nikolay Tchaouchev / Unsplash

It’s not sustainable: What America’s port crisis looks like up close.


Goldman cuts forecast for US economic growth in 2021 and 2022:

Goldman Sachs cut its U.S. economic growth target to 5.6% for 2021 and to 4% for 2022 citing an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected.
The firm previously expected 5.7% gross domestic product (GDP) growth in 2021 and 4.4% growth in 2022, according to research released on Sunday

The radically changing labor market: These days, the labor market is even more unusually dynamic than typical. It is not an exaggeration to suggest it is in the midst of a radical transformation.


The new jobs numbers are pretty good, actually: They fell far short of analyst expectations, but they reflect a steady expansion that is more rapid than other recent recoveries.


The September unemployment report:

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Surprise! Postal service is about to get slower — and more expensive:

Increasing the time you have to wait to receive a letter isn’t an improvement in reliability or efficiency, but just the opposite. As for “consistency,” the service’s strategy is perfectly analogous to what airlines do when their on-time flight performance deteriorates: They increase the standard for “on time,” and presto! Every flight is on time again.

Smaller packs, same price: curse of ‘shrinkflation’ hits shoppers’ baskets.

Assorted

Dane Carlson

Founder/Host of Econ Dev Show. By day: Director of Economic Development for Galveston County, Texas. Previously: World's first business blogger.