ugly is caleb silver, the editor in chief of investopedia. zblrng, kromm putting the fear back into financial markets. that was the biggest drop we ve seen in 2021, the dow falling more than 2.5% last week. but with one month to go, a good time to check in on what s working in the economy and the labor market, as you mentioned, is starting to pick up. those were the lowest weekly jobless claims we ve seen amid the pacific, and the lowest since 1969. that s a very good sign. also, we re seeing household spending remaining very strong in the united states right now, despite concerns about inflation, household spending, up 1.3% in october, and personal income keeps growing, ali. and we see those wages grease over the past 18 months, that is helping personal income grow. that s been steady for the past six or seven months right now, and the stock market up about 22%. we had a big hit on friday. but if you own stocks or you own your home, you ve had a very
of the american families are facing. this recovery is faster and stronger and fairer than almost anyone could have predicted. for the traders watches, the stocks sent to fresh highs encouraging. it doesn t mean the supply chain and inflation concerns are gone. let s call it one step forward and one and a half steps back. it is good, bad and ugly. joining me to explore it is caleb from investopedia. great to be with you, ali. 531,000 jobs added. september and august revised higher. september jobs looked very bad coming out of that month because of the delta variant. the unemployment number ticked down. we have 81% of the labor market recovery. 18 million jobs from the 22 million lost. that is solid. the average monthly gains, ali,
Social Security benefits will increase 5.9 percent in 2022, the Social Security Administration said on Wednesday, the biggest boost in 40 years as prices for food, cars and rent continue to surge. Caleb Silver, Editor- in- Chief of Investopedia offers commentary.