The Daily Money: Is the job market weakening?
Good morning! This is Daniel de Visé bringing you the Daily Money.
Last year, the job market seemed to defy the challenges posed by high interest rates and inflation, adding over 200,000 jobs each month.
However, recent revisions show that the job market was not as strong as it first appeared.
On Wednesday, the U.S. Bureau of Labor Statistics announced a significant downward revision of employment figures for March 2024 by 818,000 jobs, marking the largest adjustment in 15 years. This indicates that there were actually 818,000 fewer job additions from April 2023 to March 2024 than originally reported, as reported by Paul Davidson.
What implications does this have for interest rates and the economy?
Do you really need student health insurance?
If you have a child starting college this month, you might vaguely remember receiving an email about student health insurance.
Many prestigious private colleges and numerous public universities automatically enroll students in health insurance plans for students. The average yearly premium is about $2,924 at public colleges and around $3,874 at private institutions, according to a survey of leading schools for the 2023-24 academic year.
The truth is, many students do not actually require this coverage.
🍔 Today’s Menu 🍔
Watch out, Netflix: Chick-fil-A is reportedly entering the entertainment industry, and it’s generating buzz online.
The fast-food chain is said to be “pushing forward” with plans to create original shows for its own streaming platform, reports Amaris Encinas.
Chick-fil-A is in discussions with leading production companies to develop family-oriented content, especially in the unscripted genre, according to Deadline. They also aim to secure and license additional content soon, as reported by Deadline.