MBA Advocacy Update Dec. 6, 2021

House and Senate lawmakers passed a continuing resolution ahead of the December 3 government funding deadline. President Joe Biden signed the bill Friday to avert a shutdown.

Data Center Growth Raises Sustainability Questions

Data centers are in demand, driven by large companies, government agencies and others that require an online presence. But sector’s growth raises questions about its sustainability, said Cushman & Wakefield, Chicago.

November Jobs Up by 210,000; Unemployment Rate Falls to 4.2%

The November employment report followed a recent and inconsistent pattern: employment rose in November, although well below expectations, while the unemployment rate fell sharply, the Bureau of Labor Statistics reported Friday.

MBA Chart of the Week, Dec. 3, 2021: U.S. Household Wealth

This week’s MBA Chart of the Week shows that the net wealth of the rich, the top 10% of households, increased by 3.2% between 2016 and 2019, while the net worth of the poor, the bottom 30% of households, decreased by 7.6%.