MikeSasso
@msasso
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Bloomberg Real Economy reporter. Proud husband of Marie and father of Veronica. Email me at [email protected]
Atlanta
Joined September 2008
There's a party on Wall Street, and many US small businesses wonder where their invite went. Small firms lag the blowout profits of big corporations, creating the latest K-shape for the economy. With my colleagues Mark Niquette and Steven Church https://t.co/smriNT11gc
bloomberg.com
Bankruptcies and loan delinquencies among small businesses are heading higher, and layoffs are mounting.
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Jobseekers are giving up their pickiness in a weak hiring market. Hard-to-fill jobs in substitute teaching, corrections, solid waste and "traffic flagging" are seeing more applicants lately, employers say. (free link) https://t.co/PuwCVwnpbJ
bloomberg.com
Applications are up and turnover is down for jobs with low pay and tough working conditions.
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Ouch, home prices and mortgage rates are so bad the median age of a first-time homebuyer is now 40 https://t.co/ypfzJz9WS6
bloomberg.com
The median age of first-time homebuyers in the US has climbed to a record of 40 as soaring prices and mortgage rates over the last few years delay homeownership for millions of Americans.
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US companies' fear of firing appears to be coming to an end. A rash of layoffs by Amazon, Target and UPS suggests US firms are more willing to part with employees. Is the "low hire, low fire" labor market ending? My lastest with colleague Julia Fanzeres https://t.co/Tt4stejPcm
bloomberg.com
The “labor hoarding” that kept US employers clinging to workers in the past few years appears to be coming to an end.
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It's so hard to get a full-time job right now, job-hunters are hoping for the next best thing: a Christmas season job, most likely at a store. From Indeed data https://t.co/lb74TtU5xh
bloomberg.com
Shut out of full-time work, many jobseekers appear to be doing the next best thing and hunting for a holiday season gig, according to research from the job search platform Indeed.
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The #jobmarket is so tough, Americans are either clinging to jobs, or being frozen out of them. There's little in between. My latest with @gutavsaraiva and @mniquette
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Behind the drama at the giant Hyundai "Metaplant" near Savannah, company officials and Korean sources say there was just misunderstanding over visas, while locals insist Hyundai's suppliers favored foreign workers. W/Brett Pulley and Gaby Coppola https://t.co/oXYVOG9eVx
bloomberg.com
Before the immigration raid on the battery plant in Georgia that’s upended relations between the US and South Korea, there was growing resentment from locals who felt left out of the jobs, economic...
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Economists hammered #donaldtrump for firing BLS's commissioner this month. Many also agree the data need improvement. One idea: pay survey takers. https://t.co/7LWTVmXowB
bloomberg.com
Poor response rates used to compile vital US economic surveys have some pitching an unconventional solution: paying respondents to answer questions.
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Nixing capital gains taxes on people's own residences might marginally boost the supply of homes for sale, but mostly with benefit the rich, esp. in CA. My latest with @PaulinaCachero
https://t.co/6Lhu0Hbbc5
bloomberg.com
President Donald Trump has floated an idea supporters say would help unlock inventory in the frozen housing market. But data show the benefits would accrue primarily for the wealthy.
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Inflation hasn't reared its head yet. Why it hasn't yet, and why it probably still will. My latest with Augusta Saraiva https://t.co/upxCBeRZvW
bloomberg.com
Expectations for widespread price hikes following a wave of new tariffs this year have largely fallen short, surprising economists and fueling claims from tariff defenders that the levies are having...
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The new tax and spending law should spur businesses to buy new equipment, helping the economy, but will only partly offset the hit tariffs. My colleague, Mark Niquette's latest, with my help https://t.co/I5gtGMY3pR
bloomberg.com
US manufacturers secured the business tax provisions they’d hoped for in Donald Trump’s budget megabill, but the president’s erratic trade policy risks tempering any pronounced pickup in capital...
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Will anyone work in manufacturing anymore? Savannah, GA is betting its future on it. https://t.co/TImKxMBrPY
bloomberg.com
The historic city, known for gardens and gothic mystery, is leaving no stone unturned as it helps the South Korean auto giant staff up a futuristic new factory
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Dallas and Tampa were two of the hottest markets for housing just a couple years ago. Now, tightest housing markets are in places like Cleveland, where prices are still rising. My latest https://t.co/0j1x8XiXZU
bloomberg.com
Once-booming real estate markets in the US South now have a build-up of homes for sale
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America's housing market is stuck, flailing around a weak 4 million home sales a year. What's it going to to take to get unstuck? My latest for Bloomberg https://t.co/xS441vhkYl
bloomberg.com
US previously owned home sales rose slightly in May to a still-sluggish pace that continues to show a housing market constrained by poor affordability.
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I'm selfishly hoping my 12-year-old daughter's a scientist some day, but for now, jobs in scientific research, public health and related fields are drying up being targeted by #DOGE. My latest with @gutavsaraiva
https://t.co/ajLxmJ8FqX
bloomberg.com
US job openings in research and development are plunging as the Trump administration ramps up funding cuts to government agencies, private contractors and universities, leaving some of the nation’s...
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Washington DC's always been an affluent melting pot filled with stable federal jobs and contractors. Under DOGE's watch, that could be changing, and it faces a likely recession. My latest with my brilliant colleagues https://t.co/8HIjnlOqt7
bloomberg.com
The US capital usually enjoys a steady economy with stable employment. Elon Musk’s cost-slashing campaign is causing unprecedented upheaval.
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America's days of ever-growing home prices appear to be over, good for buyers and bad for sellers. Economists are having to lower their forecasts for prices lately. Please check out this free story by my colleagues Prashant Gopal, Jonnelle Marte and me. https://t.co/YBWLRJaUJR
bloomberg.com
Tariff uncertainty and dwindling consumer confidence threatens to pressure the housing market even more than some experts initially expected.
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The "spec' home is quickly falling out of fashion with builders, as their supplies grow and profits lag "build-to-order" homes. One economist is "waving a yellow flag" due to rising supply. My latest for Bloomberg News https://t.co/SPw5HMDvsZ
bloomberg.com
Builders might pull back on new housing construction as they try to clear their backlog.
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DOGE-related job losses could reach 500,000 including ripple effects from the private sector https://t.co/pWouviBJDl
bloomberg.com
The Trump administration’s rapid efforts to dramatically shrink the size of federal government have economists rethinking forecasts for another solid year of labor market expansion in 2025.
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