National economics correspondent, The Wall Street Journal

Red-State Drivers Spend More of Their Income on Gas — Low gas prices have fallen to their lowest level in almost five years. But the benefit to consumers could be bigger in some states than others. Namely, consumers in Republican-leaning states tend to spend a higher share of their incomes on gasoline, which means that they may be slightly more sensitive to the changes in prices at the pump.

November Jobs Report: How Many New Jobs Are Actually Full Time? — A common reaction to a string of solid job gains-such as Friday's news that the economy has added 2.7 million jobs over the past year, which is at an eight-year high-goes something like this: Well, how many of those jobs are full-time? The answer is most of them.

The November Jobs Report in 10 Charts — U.S. employers added 321,000 jobs in November, the best single month of job growth since January 2012. Revisions to October and September showed that another 44,000 more jobs were added than previous estimates showed. Here are 10 charts that break down the latest employment report: Job growth is now on pace to hit its highest annual level since 1999.

How Higher Gas Prices Can Shape Home Values — Depending on where you live, rising gas prices can change the value of your home-for better or worse, according to a new paper. The study found that a 10% increase in gas prices can boost home prices by around 2% in certain neighborhoods, while reducing prices by around 1% in others.

Fed Limited in Its Oversight of Nonbank Financial Activities, Brainard Says — Federal Reserve Gov. Lael Brainard said Wednesday the central bank's limited reach over nonbank financial activities, or the so-called shadow banking sector, meant it would put more emphasis on ensuring the "structural resilience" of the nation's largest and most complex institutions to maintain financial stability.

Lower Gas Prices: How Big A Boost For the Economy? — Oil prices have dropped below $70 a barrel in the U.S. after OPEC opted against cutting production levels last week in what some analysts view as a bid by Persian Gulf states to test the willingness of American shale-oil producers to keep drilling wells.

How Much Do Neighborhoods Influence Future Earnings? — The potential impact on lifetime earnings between growing up in a well-to-do neighborhood and a poor neighborhood is potentially larger than the difference between the earnings of the average college and high school graduate, according to a new study on social mobility.

New Mortgage Lending Drops to 13-Year Low — New figures released by the Federal Reserve Bank of New York on Tuesday show that mortgage lending is running at its lowest level in 13 years, with 2014 on pace to be the weakest for new loans since 2000.

Why Didn’t New Jersey See More Declines in Household Debt? — The New York Fed's latest report on household debt shows that the so-called deleveraging process, by which households reduced their debt burdens following the recession, has ended after around five years. Tuesday's report reveals one state where debt loads are still very high and where deleveraging hasn't happened much: New Jersey.

Rental Apartment Construction Is At a 27-Year High — New figures offer the latest reminder of an apartment boom. Housing starts fell in October because of a 15.5% drop in the multifamily sector, which is notoriously volatile. But the broader picture shows that apartments have been on a tear this year.
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Dec 22, 2014

Why bond investors like the Ocwen settlement: they don't have to pay for it

Dec 22, 2014

@tommyunger @JedKolko so how explain rising home sales over previous 5 months, when rates were higher? Lock-in is reaching for a reason here

Dec 22, 2014

Markets are pricing a 61% chance of a Venezuela debt default next year, 90% chance this decade…

Dec 22, 2014

RT @JessePesta: "Be wary of people with cushy jobs telling you to quit your less cushy job."…

Dec 22, 2014

FHFA still thinks super-priority energy lien programs (ie., PACE) are bad for housing finance…

Dec 22, 2014

Citi pushed forward ill-fated metal financing deals in China despite internal risk warnings…

Dec 22, 2014

@JedKolko silly that Yun would cite lock-in when rates have fallen! This is a worry if rates rise above 5%

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