Nearly 20% of those polled said they no longer turned on their oven, while 23% said they were using their oven and hob less. People were opting for meals that are quick to cook in order to keep a lid on their energy use, with a fifth reporting using a microwave more.
On the second and fourth Thursday of each month, the Winslow Community Cupboard opens to about 220 people who roll up to the parking lot behind the Winslow Congregational Church to receive a distribution of food for their families. The 27 volunteers who work to fill orders were serving 150 families last December.
That’s a 47% increase in families seeking assistance from the food pantry. And with about 18 to 20 families joining that queue of cars down Lithgow Street each month, demand is ever-increasing, organizers say. So, too, are the pantry’s operating costs.
The global economic outlook is deteriorating due to inflation-fighting efforts by central banks, the war between Russia and Ukraine, and China’s prioritization of political control over economic growth. A global recession is likely, with at least slower economic growth virtually certain.
What Wall Street gets wrong is that a global recession is not “likely”, but is already happening. People consuming less, be it food, energy, or whatever, is recession by definition.
We’re in a recession. If the global situation deteriorates much further the term “depression” starts becoming applicable.
It's not that surprising when you think about it. America as a rule is a fairly spread out country, and very few communities have markets within easy walking distance (and public transportation is only viable within the more urbanized precincts).
In many communities cars are an absolute necessity, on par with the food people get from the local food pantry.
Yes and no--which is to say that the establishment survey is about to catch up to the household survey.
The rate of increase in the number of people not in the labor force has outpaced the growth in the labor force (and, by extension, employment) for quite some time, and the household survey recognized this back in March.
Mathematically speaking, this growth trend must eventually impact employment. It might take a few months more yet, but the correction is definitely coming.
Surprised that the food bank withdrawers drive cars to the queue.
It's not that surprising when you think about it. America as a rule is a fairly spread out country, and very few communities have markets within easy walking distance (and public transportation is only viable within the more urbanized precincts).
In many communities cars are an absolute necessity, on par with the food people get from the local food pantry.
Here in the US I have the intuition that the labor market, in which Jay Powell seems so confident, is about to turn on a dime.
Yes and no--which is to say that the establishment survey is about to catch up to the household survey.
The rate of increase in the number of people not in the labor force has outpaced the growth in the labor force (and, by extension, employment) for quite some time, and the household survey recognized this back in March.
Mathematically speaking, this growth trend must eventually impact employment. It might take a few months more yet, but the correction is definitely coming.