Dean Baker (2022-12-02). Unemployment Steady at 3.7 Percent as Economy Adds 263,000 Jobs in November. truthout.org The economy added 263,000 jobs in November, again coming in ahead of expectations. Perhaps more importantly, wages continue to grow at a rapid pace, as the October average hourly wage was revised up by 6 cents. The annual rate of wage growth over the last three months was 5.1 percent, the same as the rate over the last year. The rapid pace of wage growth paints a very different picture than we… |

Staff (2022-12-02). Economy Adds 263,000 Jobs in November, Unemployment Steady at 3.7 Percent. cepr.net Wages grew at a 5.1 percent annual rate over the last three months. | The economy added 263,000 jobs in November, again coming in ahead of expectations. Perhaps more importantly, wages continue to grow at a rapid pace, as the October average hourly wage was revised up by 6 cents. The annual rate of wage growth over the last three months was 5.1 percent, the same as the rate over the last year. | Wage Growth is Still Rapid | The rapid pace of wage growth paints a very different picture than we were looking at in October, where the annualized rate was just 3.9 percent. Since we should expect some shift back to wage…

WSWS (2022-12-02). 2022 global art market benefits from an "explosion of wealth" at the top. wsws.org The "robust" character of the art market mirrors the stratospheric rise in the wealth of the world's richest people over the same period.

Carter Dillard (2022-12-01). Populist climate action requires thinking about freedom from specific oppressors—not just species survival. nationofchange.org The climate crisis is a form of oppression by a wealthy few.

____ (2022-11-30). Forecasts suggest 2023 may be good for China GDP and local equities. ecns.cn China's economy is expected to rebound next year and sustain the rally in Chinese equities, though market volatility could remain elevated, prominent investment banks and wealth managers said on Wednesday.