There’s an age-old relationship in economics that you might not have seen before; for better or worse, unemployment and recessions have been closely correlated over the past 70 years. While unemployment does tend to rise during recessions and fall during economic expansions, very low unemployment rates often precede a recession. The severity of recessions can vary, with some resulting in more dramatic increases in unemployment compared to others. But there is one underlying truth: monitoring unemployment rates is crucial for understanding the health of the economy. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
