The Daily Money: A weaker job market?
Good morning! It’s Daniel de Visé with your Daily Money.
Last year, the labor market seemed to shrug off historically high interest rates and inflation, gaining well over 200,000 jobs a month.
Well, it turns out the nation’s jobs engine wasn’t so invincible as it appeared.
The U.S. Bureau of Labor Statistics on Wednesday revised down its estimate of total employment in March 2024 by a whopping 818,000, the largest such downgrade in 15 years. That effectively means there were 818,000 fewer job gains than first believed from April 2023 through March 2024, Paul Davidson reports.
What does that mean for interest rates and the economy?
Do you really need student health insurance?
If you have a child heading off to college this month, you may faintly recall an email from the school about student health insurance.
Most elite private colleges, and many public institutions, automatically enroll students in Student Health Insurance Plans. The coverage cost $2,924 a year at public colleges, $3,874 a year at private ones, on average, according to an industry survey of prominent schools in the 2023-24 academic year.
And here’s the thing: Many students don’t need it.
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Move over Netflix: Chick-fil-A is allegedly coming for your brand. And the internet can't stop talking about it.
The chain is reportedly "moving aggressively" into the entertainment space, working to launch a slate of originals to run on its very own streaming platform, Amaris Encinas reports.
Chick-fil-A is currently in talks with major production companies "to create family-friendly shows, particularly in the unscripted space," according to Deadline. They also are planning to license and acquire content in the near future, Deadline reported.
Here's how the social media world has reacted.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
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