Assorted Links Monday
Ports, the economy, jobs, jobs, more jobs, postal mail, and shrinkflation.
Table of Contents
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:
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.
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