Matt Ott

Matt Ott is an American journalist who covers economic news with a focus on the labor market and inflation. He has reported on topics such as jobless claims, employment figures, and the Federal Reserve's interest rate decisions. His work often examines the impact of economic policies on everyday Americans and how these policies can shape the nation's financial landscape.

Biography:  https://www.theglobeandmail.com/investing/markets/indices/TXBM/pressreleases/26800650/the-number-of-americans-filing-for-jobless-benefits-jumps-to-the-highest-level-in-10-months/

65%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

50%

Examples:

  • The measure of Americans' short-term expectations for income, business and the job market fell to 73 from 74.9 in May.

Conflicts of Interest

50%

Examples:

  • America's employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.

Contradictions

80%

Examples:

  • Despite the better-than-expected job gains in May, there is some visible weakening in the labor market.
  • The Conference Board said Tuesday that its consumer confidence index fell in June to 100.4 from 101.3 in May.

Deceptions

85%

Examples:

  • The number of Americans filing for jobless benefits jumps to the highest level in 10 months
  • Though a report Wednesday showed that consumer inflation cooled a bit last month, the Federal Reserve later that day left its benchmark lending rate at a 23-year high.

Recent Articles

US Consumer Confidence Dips Slightly in June: Current Economic Conditions Strong Amid Job Gains and Inflation Concerns

US Consumer Confidence Dips Slightly in June: Current Economic Conditions Strong Amid Job Gains and Inflation Concerns

Broke On: Tuesday, 25 June 2024 Consumer confidence in the US dipped slightly in June to 100.4, but current economic conditions remained strong with a rise in assessments of current conditions to 141.5. Employers added 272,000 jobs despite high interest rates and persistent labor market concerns, such as declining job postings and rising unemployment benefits. Despite inflation concerns and the Federal Reserve's interest-rate hikes, signs of resilience include robust labor market conditions and consumer spending on travel and entertainment.