Bloomberg Real Economy reporter. Proud husband of Marie and father of Veronica. Email me at msasso9@bloomberg.net
Atlanta
Joined September 2008
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Americans keep spending despite feeling awful financial, tapping AI to lower grocery bills and taking out home equity lines of credit. My latest with colleague Catarina Saraiva
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Mortgage rates are spiking at exactly the wrong time for the GOP. Affordability is shaping up as the story of the midterms, and housing costs helping driving the wave of populism that could sink Republicans' chances.
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AI led to a 5 percentage point drop in employment, and a 13% decrease in earnings, for recent college grads in fields most exposed to artificial intelligence, Census economists say.
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Even some long suffering parts of Appalachia saw surprising turnaround in migration in the 2020s, like West Virginia and eastern Kentucky. Southern Appalachian areas saw a surprising surge in young people, per a Virginia demographer's research.
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A trade spat with Canada wasn't on the bingo cards for GOP candidates in hot Senate races, especially in border states. Bloomberg's latest on the fast-moving fight
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AI is causing a surge of new small business startups. It's never been easier to start a business. One caveat: are we seeing the rise of the AI-slop business, where it's so easy founders are throwing anything against the wall?
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The South and Mountain West keep winning the battle for talent. From 2020-25, states in those regions made up all 10 of the top 10 states in working-age population growth from new Census data. My latest with Jade Khatib
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President Trump has thrown almost every affordable housing idea against the wall to see what'll stick - 50-yr mortgages, builder antitrust cases. Will any? Check out Bloomberg Intelligence's Votes & Verdicts podcast.
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Some small businesses are touting that "We're not private equity," as PE firms delve more deeply into Main Street America. My latest with Saijel Kishan
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Atlanta area and GA politicians are eager to take on private equity home investors, not waiting on Trump's next move. My latest with @kristoncapps
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There's a party on Wall Street, and many US small businesses wonder where their invite went. Small firms lag the blowout profits of big corporations, creating the latest K-shape for the economy. With my colleagues Mark Niquette and Steven Church
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Jobseekers are giving up their pickiness in a weak hiring market. Hard-to-fill jobs in substitute teaching, corrections, solid waste and "traffic flagging" are seeing more applicants lately, employers say. (free link)
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Ouch, home prices and mortgage rates are so bad the median age of a first-time homebuyer is now 40
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US companies' fear of firing appears to be coming to an end. A rash of layoffs by Amazon, Target and UPS suggests US firms are more willing to part with employees. Is the "low hire, low fire" labor market ending? My lastest with colleague Julia Fanzeres
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It's so hard to get a full-time job right now, job-hunters are hoping for the next best thing: a Christmas season job, most likely at a store. From Indeed data
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The #jobmarket is so tough, Americans are either clinging to jobs, or being frozen out of them. There's little in between. My latest with @gutavsaraiva and @mniquette
