World News: The Daily Money: Permanent jobs replacing temp positions

ALL THE MONEY NEWS YOU NEED TO KNOW

Monday, May 24

Good morning, Daily Money friends, it's Nathan back with you!

We write a lot about retirement planning in this newsletter. Well, yesterday a guy who's eligible for AARP won the PGA Championship, beating scores of players who weren't even born when he joined the PGA Tour.

Let that give us hope that we can all have an active retirement. Congrats, Phil Mickelson!

On to our ...

💡 INSIGHT OF THE DAY: Employers appear to be converting temporary jobs into full-time positions, Paul Davidson reports. That's great news for the economy. From February to April, the number of part-time workers fell by 85,000 while the number of full-time workers surged by 1.3 million, according to Moody's and Labor Department figures.

📰 And here are more stories you won't want to miss:

1. The Hyundai Santa Cruz. The Volkswagen Taos. The Kia Telluride. Why are automakers naming more new vehicles after places? I explore that question here.

2. Multigenerational home sales have been increasing during the pandemic. Many buyers are getting new homes to help care for their parents, Swapna Venugopal Ramaswamy reports.

3. Did you have trouble with unemployment benefits last year? You're most definitely not alone. Many people say our systems are in desperate need of reform, Charisse Jones reports.

4. Bitcoin is up, then down. But exactly how does it work?

5. Inflation, employment, profits and investments: A year after the recovery began, here's how the economy is graded.

6. First came the Ford F-150 Lightning electric pickup debut. Now comes the work version of the same truck.

Are you ready to go electric?

--@NathanBomey