Pretend Job Listings Value North Texans Time, Cash – NBC 5 Dallas-Fort Value

Fake job offers have increased during the pandemic, according to the pandemic Better business office. In 2020 the FBI’s Internet Crime Complaint Center data showed that 16,012 people were victims of employment fraud. They said they lost more than $ 59 million.

We told you about cyber criminals who fake legitimate companies and post on popular job boards to deceive job seekers.

Now a man from North Texas says a job fraud cost him potential unemployment benefits. Read on to learn more about how to spot the signs of fraud.

“To be too good to be true”

After being laid off last year, Moises Duke was in training for a new job. It was not in his area and it did not provide the full benefit. So when another company looked for a graphic design position with full health and dentures, Duke said he grabbed the chance.

“When I got the offer letter, I thought, okay, I’ll file my resignation with the other company,” Duke said.

Duke said all negotiations with the new company were handled via email. The company informed him that it would be discontinued this way because of the pandemic.

“I tried to sell myself through the emails and everything went well,” said Duke. “At some point they said that due to COVID we are going to send you a check so you can buy the computers and everything. Everything was a little too good to be true. “

He later learned that the second offer was a scam. Since he had quit his job, he could not apply for unemployment benefits.

“The problem is, I quit this company, the other one was fake, so I have no unemployment or a job,” said Duke.

Cyber ​​criminals use sophisticated tricks

Cyber ​​criminals go to extra lengths to make the scam more believable. They can fake legitimate companies – even pull up public information to impersonate actual employees.

According to the latest BBB to learn In job fraud, victims are usually contacted via email or text message, and most believe that the contact was the result of their online job search.

“A lot of people post their résumés when they apply for jobs without knowing that this information is readily available to everyone, including scammers,” said Erica Mendoza, investigations manager for BBB Serving North Central Texas.

Mendoza said that cyber criminals are after your personal information and money. A common trick is to send a job seeker a check with deposit instructions and then purchase equipment for work from home from a provider of their choice. The “seller” is also a fraud.

Once the victim sends money for equipment, the money is gone from their account. Later, the original check fails and the victim’s money is gone.

The Federal Trade Commission explained Just because you can see the balance in your account after you deposit a check, it does not mean that the check has been “cashed”. While banks are required to provide funds from deposited checks within a few days, it can take weeks before they discover that the check is a fake.

“In the end, you transfer your own money to these scammers and then you’re on the hook for the money,” Mendoza said.

Recognize red flags

Moises Duke didn’t lose any money in the end. The scam ended when his alleged new boss sent Duke a check to pay for equipment to work from home. Duke, a graphic designer, said he could see that the bank logo on the till check was not quite right.

“Usually the banks are the ones who make their logo look perfect,” Duke said.

He broke off contact with the fraudster, reported the system to the BBB and posted fraud warnings on his accounts. Although Duke did not return any cash, he had provided the scammer with personal information after they insisted on a background check.

“It’s a bit daunting because you’re trying to work hard to get a job,” said Duke.

He wants to share his story so that another job seeker doesn’t get thrown back by a scam.

“If it all sounds too good to be true, it’s not true,” said Duke. “Take care.”

Other red flags include grammatical and spelling mistakes, vague job descriptions, and the promise of immediate hiring without an interview.

The FBI warns job seekers to be careful about interviews that are not conducted in person or through a secure video call.

If asked to buy start-up equipment or pay for your own background check or check, it is likely a scam – according to the FBI.

The BBB said working from home, where packages are received and re-sent, is a fraud.

Be careful about providing personal information – including your full address, date of birth, and financial information – on your resume or to unverified recruiters and online applications.

The FBI advises that after hiring employees, legitimate companies will ask for direct deposit information for payroll purposes. It is safer to do this in person. Even reputable companies shouldn’t ask for your credit card number.

How to protect yourself

Check the job posting directly through the company. Don’t use a stranger’s contact information. Instead, call or go directly to the company’s website for contact information to validate the job posting.

If you can find multiple websites for the same company, or if the web address is just a few letters away from the URL of an actual company website, it may have been spoofed.

If a job posting appears on job boards but not on the company website, it could be a scam.

Check the Settings Manager email address. Does it match the web addresses used by the actual company? Scammers can use a similar looking address.

You can also do an internet search with the name of the employer and the word “scam” to look for reports of similar job fraud cases.

If a new employer sends you a check asking you to send money to a third party – either via wire transfer, cash app, or gift cards, don’t do it.

What to do if you are a victim of job fraud

Contact your bank or credit card company immediately. If you’ve used a cash app to send money to a stranger, contact the bank associated with the account and notify them of the fraudulent charge. It may be too late to stop the transaction, but law enforcement agencies recommend that you notify your financial institutions immediately.

The Federal Trade Commission highlights additional steps you can take here if you have been the victim of fraud.

Report the scam to Cybercrime Complaints Office.

Notify the FTC on-line or call 877-FTC Help

You can also use the BBB and report the scam of the website that featured the job posting and the company that the cybercriminals impersonated.

NBC 5 Responds is committed to investigating your concerns and getting your money back. Our goal is to give you answers and, if possible, solutions and a solution. Call us at 844-5RESPND (844-573-7763) or Fill out our customer complaint form.

Many staff are going through obligatory Covid vaccination or no job

Fire Paramedic Cuevas (R) delivers a Covid-19 vaccine dose to a person at a vaccination event at Culver City Fire Station 1 on August 05, 2021 in Culver City, California.

Mario Tama | Getty Images News | Getty Images

As more and more people return to work after months of working from home, the question of vaccination status is becoming more and more relevant and, in more and more cases, a condition of employment.

In both the US and Europe there is a growing number of jobs and sectors that now require full vaccination against Covid-19 – not just in the more obvious public roles like healthcare and education, but also in technology and hospitality, Travel and finance.

When Covid vaccines began rolling out in the US and Europe about nine months ago, the majority of the workforce had to wait in line to get a vaccination, with priority given to the elderly and healthcare workers.

But vaccinations in high-income countries are now more accessible to all adults, and employers have encouraged their employees to vaccinate, both for the health of their workers and for the restoration of their businesses.

As vaccination campaigns target the remaining sections of society that have not yet been vaccinated – mostly young people – these will Adults who remain unvaccinated may find it increasingly difficult to return to work or find employment in some industries and companies.

Less scope for jobs

The net continued to close to unvaccinated people last week, with President Joe Biden warning that “patience is waning” with the unvaccinated, especially as US Covid cases remain high as the highly contagious Delta variant spreads.

In a much stricter tone, Biden outlined a plan last Thursday To increase Covid vaccination rates nationwide, pressure private employers to vaccinate their workforce, and make vaccinations mandatory for federal employees, contractors and healthcare workers.

The proportion of vacancies requiring vaccination has skyrocketed since it was approved by the US Food and Drug Administration Pfizer BioNTech vaccine approved in full on August 23, according to the job website Indeed, which shows a growing trend among employers demanding full vaccination of applicants.

“A few weeks ago, Vaccination required vacancies on Indeed are declining and have accelerated since then, “noted AnnElizabeth Konkel, economist at Indeed Hiring Lab, adding that in the seven days ending August 30, the percentage of postings per million that specifically require Covid vaccination rose 119% increased compared to the previous month.

Job postings that required vaccination but didn’t cite Covid followed the same trend, increasing 242% over the same period. Nonetheless, Indeed found that less than 1% of all job postings on its website were vaccinated jobs, although the number may increase

Continue reading: When many return to the office, tensions flare up between the “Vaxxed and Unvaxxed”

In the seven days leading up to August 30, the percentage of job postings per million that recommended vaccination rather than mandatory increased by 40% month over month.

“With the number of Delta variant cases rising, employers are no doubt wondering how to keep their business on track. Vaccine requirements are one way to keep employees and customers safer and to keep business running, ”noted Konkel.

“In the coming weeks, it will be important to observe whether job postings promoting vaccination lose their relevance to those who need vaccination. Employers who don’t advertise vaccination are likely to bet their stance on finding them Gives workers a head start … but some experts would argue. ” it has harmful public health consequences, “she said.

Which professions want to vaccinate?

In some sectors, the number of job advertisements requiring vaccination has risen dramatically, although Indeed job data shows those who require vaccination remain only a small part of the total vacancy.

Given the front line of the sectors, the percentage of job postings that require vaccination in the Personal Care and Home Health industries in the month through 30 is revealed.

But also in other industries the vaccination requirement appeared in more job advertisements.

In the month up to August 30, the proportion of job advertisements requiring vaccination in the legal sector rose by 210%, in the education sector by 146%, in the area of ​​administrative assistance by 219% and in the media by 180% in the communications industry.

State-of-the-art, Arizona led the nation on job postings that require vaccination, while Washington state ranked second. From a regional perspective, the West Coast and New England had slightly higher proportions of vacant vacancies than other parts of the country.

“Since the delta variant has devastating effects, vaccination rates are increasing. But with winter approaching, some employers are taking matters into their own hands and requiring vaccinations as this trend goes on. At the same time, a small but growing number of job seekers, especially in nursing, are looking for opportunities that do not need to be vaccinated, ”said Konkel.

Do I have to get vaccinated?

McDonald’s is among the companies to announce that their office workers in the United States will need to be vaccinated against the coronavirus.

SOPA pictures | LightRakete | Getty Images

The influential US lobby group AARP notes that more and more people – both job seekers and currently employed – are asking if they need a Covid vaccination if they want to keep their jobs:

“The short answer, yes. An employer can make vaccination compulsory if you want to continue working there. However, there are significant exemptions for potential disability-related concerns you may have and religious beliefs that prohibit vaccination.” , noted the AARP in late August.

“With many Americans still reluctant to get vaccinated even though the Delta variant spreads, more and more employers are telling workers that they either need to be vaccinated or have a rigorous testing regimen, wear masks, and practice physical distancing when they do want to work again. Refusal to vaccinate could result in job loss and prohibit entitlement to unemployment benefits. “

What employers should do

As millions of people return to the office after months of working from home, there are increasing reports of tension between vaccinated and unvaccinated workers.

Employment experts say it is vital for employers to be open and clear with employees about their vaccination expectations and safety protocol before they return to work.

“Employers should give their employees timely notice of return dates, vaccination requirements, on-site work rules and placement procedures,” Anthony Mingione, an employment lawyer and partner in the New York office of the Blank Rome law firm, told CNBC last week.

“Effective communication also includes conveying expectations about the workplace, reminding employees of the personal rights of their colleagues and ensuring that the consequences of violations are understood in advance, such as inadequate childcare or school closings, immunocompromised family members or Covid-19 -Quarantines affected. Aside from complying with the law, the most important thing in resolving conflicts is the consistent application of guidelines, “he said.

Lucy Lewis, partner at global HR attorney Lewis Silkin, stated that when employers face persistent vaccination delays on their workers, it would be best for companies to build an open dialogue between workers and employers.

“Our experience has shown that the most effective way of discussing compulsory vaccination was to actively listen: Encourage employees to share their reasons for not vaccinating. In some cases there may be a real reason. ” [e.g. medical] why vaccination is not possible and in these cases alternative steps can be taken [e.g. regular testing for office attendance]She remarked.

In any event, such discussions provide an opportunity to promote vaccination by explaining why it is important, Lewis said, “and to ensure that reluctant employees rely on trustworthy sources for information about vaccine safety.”

Pasco trainer receives paycheck again after he says part-time DoorDash job price him cash

TAMPA, Fla. (WFLA) – Jospeh Hall, a Pasco County teacher who worked part-time for DoorDash this summer, says the company finally refunded money it withdrew from its bank account.

This is after Hall reached out to Better Call Behnken for help getting through To the company.

Hall says the $ 72.76 was refunded for one day of payment. Hall says this fight was about the principle that anyone who works for pay should get the money they made.

“I know it’s not a lot of money, but I worked because I needed extra money over the summer,” Hall said. “If you work you should be paid, and I have chosen to fight to help people who depend on such a job for all of their income.”

Sarasota woman receives full refund for repairs after contaminated gasoline damaged her SUV

Hall says he enjoyed delivering food for DoorDash until one of his paychecks was canceled.

Hall said he received Suncoast Credit Union and DoorDash on a conference call and the grocery company asked for something in writing to say the payment will be reversed.

As reverb for the first time Better to call Behnken, he showed this letter and said he sent it to DoorDash but “they still say they can’t see they did the opposite” so they don’t give the money back.

Olympus Pools threatens to sue more than 100 customers for breach of contract

A DoorDash spokeswoman said she would investigate and called back to say her team was working with Hall to get the money back. She blamed a “technical error”.

Halle forwarded an email to Better to call Behnken which he received from DoorDash that there is an issue with the company processing payments and that the outage affected all accounts linked to a Visa.

Hall said he was pleasantly surprised when he checked his bank account to see the money was refunded.

Tips on how to recoup your cash when a contractor abandons a job

Q: I have hired an electrician to work at my home. He started work but never finished it. He stopped responding to me and ended up owing me $ 5,500. I sued him in a minor court. He did not file a response to the lawsuit, so I obtained a default judgment against him. That was four years ago and I haven’t heard from him since. What exactly was my judgment good?

ON: The judgment you received was essentially worthless.

As you have learned, collecting from a Texas debtor can be extremely difficult. Laws in our state go very far to protect people from companies and individuals (like you) trying to collect money owed them.

Over the years I have written long, detailed answers explaining how to make judgment. You can also find this out very easily on the Internet. Just search for How To Get A Judgment In Texas.

In your case, there is a small chance that you might take further steps, but it sounds like you are wasting your time.

Q: I want to be sure that my affairs are in order. I have a will, a power of attorney, a medical power of attorney and instructions for doctors. All of my financial accounts have beneficiaries that are intended for direct payout. One of my children has a separate power of attorney with my financial advisor’s office. Is there anything I may have missed? Should I also add one of my children to my checking account to sign checks if I can’t, or does the Power of Attorney cover it?

ON: They didn’t mention whether you’ve properly identified your beneficiaries on your retirement accounts, annuities, and life insurance policies, if any, so be sure to double-check those points too.

If you do business with financial institutions other than the one your financial advisor works for, you should contact each of them to see if they also have their own internal powers of attorney for one or more of your children.

As for your checking account, your power of attorney should work, but it’s much easier for one of your children to pay bills for you when it’s already in the account. Just make sure the child is only set up as a convenience signer as the account would go completely to that one child if it was a survival account.

You should also let your children know where to find all of your usernames and passwords after you die.

Q: We keep getting urgent letters from the United States Census Bureau. How do we know who they are really from?

ON: Check the return address on the envelope. You should see either the US Census Bureau or the US Department of Commerce, and you should see the city of Jeffersonville, Ind.

You can also call the regional office at 800-852-6159 to see if the letter is legitimate.

The information in this column is intended to convey a general understanding of the law, not legal advice. Readers with legal problems, including those whose issues are addressed here, should consult lawyers about their particular situation. Ronald Lipman of Lipman & Associates law firm in Houston is certified by the Texas Board of Legal Specialization in estate planning and estate law. Email questions to

Covid customers did nice job paying bank card debt. It will probably’t final

Santiaga | iStock | Getty Images

Ask a consumer expert what would happen with credit card loan balances during a recession and the answer wouldn’t be that balances decline sharply and Americans avoid a wave of card delinquencies.

But that’s what happened during the pandemic year. Helped by government stimulus and limited to spending on necessary goods rather than discretionary items, consumers bucked economic downturn history when it comes to credit card debt.

It’s been an upside down credit environment,” said Stephen Biggar, who covers financial institutions at Argus Research. “If you told me the market was going to crash 40% and we would have 20% unemployment, you would have also said card delinquency rates would go through the roof, particularly for the lower-end consumer.”

The savings rate spiked to a level not seen since World War II, and that caused consumers to take the cash they had and pay down debt — and often the first kind of debt they paid down was cards, which have among the highest interest rates, averaging 16%. 

According to Experian, from Q3 2019 to Q3 2020, credit card balances fell 24%. Among active credit card holders right before the pandemic, 58% carried a balance month-to-month, an interest-rich pool for card issuers that is now down to a record low of 53%, according to the American Bankers Association.

“Lots of people made lots of progress paying down debt and we would not have thought that at the outset of the pandemic,” said Ted Rossman, senior industry analyst at

But even paying down significant debt, the average balance on a card is still above $5,000, and there are signs the pay-down surprise may be nearing a reversal.

“I think we are at the tail end of that,” Biggar said. “Once government stimulus ends, then we get a consumer mostly on their own holding their debt capabilities up.”

Government stimulus checks that came in multiple batches are slowing, though child tax credits to those at lower-income levels and unemployment tax refunds continue. Enhanced unemployment already has been ended in many states and will end in early September for the rest.

And, most importantly, consumers want to spend.

$2 trillion in ‘forced savings’ ready to be unleashed

“There is a lot of money, a lot of savings and they are out spending it,” Rick Caruso, founder and CEO of real estate company Caruso & Co. which develops malls and resorts, recently told CNBC. “They’re shopping, dining, they are going to the movies and they are doing it consistently. $2 trillion of ‘forced savings’ is just starting to get unleashed.” 

For now, consumers still have leverage and the cautious financial habits formed during the pandemic remain in evidence.

Payment rates continue to be high given the trillions in cash and savings. Loan growth in the card industry is down double-digits in most consumer assets over the past year since, according to Kevin Barker, a Piper Sandler senior research analyst covering consumer finance companies, and savings rates are still double the run rate pre-pandemic.

The course of the highly contagious delta variant remains a wildcard in this picture as well with a recent estimate that as many as one million Americans are being infected daily. But there are some signs that the priority consumers have made of paying down debt during the pandemic is beginning to give way to a focus on spending again, including travel and entertainment, as stimulus is wound down. “There is a feeling now that perhaps we are staring to see a reversal, the early stages of it,” Rossman said.

A survey found 44% of people saying they are willing to take on debt in the second half of 2021 for non-essential purchases, which are mostly out of the home activities such as dining.

The Federal Reserve’s G.19 report covering consumer credit for the month of May found that credit card balances went up 11% from April to May, the largest jump in five years, on an annualized basis. 

“Either old habits die hard or new habits take hold and consumers continue to say ‘let’s pay down even more debt,” Rossman said. “I want to say it’s the latter as a consumer advocate,” but he added that history doesn’t give him confidence.

The historical pattern that played out around the Great Recession a decade ago reinforces the theory that it takes a big crisis to bring credit card debt down, and that it won’t last. Credit card balances fell 20% from 2007-2014, but from 2014-2019, balances rose by 41%, according to NY Fed household credit data.

“The point is, the same thing will happen this time, but much more rapidly. It’s one area where consumers don’t want a V-shaped recovery,” Rossman said.

Where bank CEOs think economy, consumer debt is headed

“The pump is primed,” JP Morgan Chase CEO Jamie Dimon said during the Wall Street bank’s recent earnings call. “The consumer, their house value is up, their stocks up, their incomes are up, their savings are up, their confidence up.”

Asked by analysts where loan growth and payment rates are headed, Wells Fargo chief financial officer Mike Santomassimo said activity “has really picked up” but it hasn’t translated into bigger loan volumes given the payment rates. “Payment rates are still really high, and I think they’ll come down and normalize eventually.”

Card issuers make money on card transactions, but loans are the bigger part of the equation. And because interest rates on credit cards are so high relative to other loans, it plays a big role in the key bank metric of net interest margin.

From a consumer perspective, the message is to keep that momentum going. … resist the temptation to put a fancy vacation on a credit card. It’s no fun to pay 16%.

Ted Rossman, senior analyst

Credit card businesses have net interest margin as high as 10% versus the average bank debt at 3%, though defaults are historically significantly higher than other loans. And unlike other forms of debt, the average rate charged to customer stays at 16% even when underlying rates come down.

“Diversified banks face pressure on mortgages and other interest rate products but you are not going to find a 13% interest rate credit card,” Biggar said.

In fact, in recent years the margin on cards has been “creeping up,” according to Rossman, with a prime rate at 3%. 

At Bank of America, the number of cards outstanding hasn’t changed notably, but there is roughly $20 billion less in balances. “People didn’t get any different,” Bank of America CEO Brian Moynihan told analysts after its earnings. “They just have more cash. And so they paid off their credit cards, which is a completely responsible thing for them to do.”

“When they can get out and spend more money, which is starting to happen, I think you’ll see them use these lines, short-term purchases,” Moynihan told analysts. “Yes, the pay rate’s up, but I don’t think it’s a fundamental difference of behavior. It’s just the opportunity to use the cards for activity has been limited coming into this quarter when you finally saw things open. So we’ll see where it goes, but the good news is it’s going in different direction.”

Card business in a ‘sweet spot’

Banks need the consumer to be strong, and in fact, the silver lining of the debt pay down phenomenon during the pandemic was the stronger credit profile of banks, with the surprisingly low level of card charge-offs and excess reserves on the balance sheet.

“The pandemic played out well for card companies,” Barker said. “The losses they anticipated didn’t materialize and credit performance is a primary driver for these stocks.”

“Card businesses are in a sweet spot,” Biggar added. “Some of these estimates will be moving up dramatically when these guys beat a quarter by $7.71 versus $4.61, like Capital One did. Its almost a $3 beat.”

From a valuation perspective, and given the reserve levels, the card-focused financial stocks are trading at peak price to book value.

“High payment rates are continuing to contribute to strikingly strong credit results,” Richard Fairbank, CEO of Capital One Financial, which similar to rival Discover Financial has a much more concentrated business in cards than the more diversified Wall Street banks, told analysts. “We actually are always happy when our customers are paying at high levels, and it’s indicative of a healthy consumer, and those high payment rates correlate with the really strong credit results that we continue to see.”

For Capital One, domestic card purchase volume for the second quarter was up 48% from the second quarter of 2020, but the card charge-off rate for the quarter was 2.28%, a 225-basis-point improvement year over year.

A behavioral shift and acceleration of card usage

For the banks, the current level of financial responsibility is not necessarily the most profitable. And the banks are betting that the consumer cash cushion won’t last forever, and people will take on more debt to spend.

“That is the most likely next phase of the credit cycle,” Barker said. “We are seeing spending up 20% in some categories. Right now, the default is to go with the historical pattern and the consumer goes back to way it was.”

A bigger behavioral shift in the way people treat debt or how they spend money can’t be ruled out, Barker said, but he added, “They want to spend and travel a certain way and they will do it because that’s the way they operated for a long time.”

The monthly numbers show an easing in payment rates, but Capital One’s Fairbank stopped short of saying it’s a trend.

“It would be a natural thing that payment rates would ease a little bit here and that also credit metrics would move toward normalizing a little bit. I would say we’ve seen the earliest of indications of that still running at really quite a breathtaking level,” Fairbank said. He told analysts that while the timing of the trend remains speculative, the direction is clear: “There’s really only one way for the credit to go from here.”

The cyclical pattern implies that people who have jobs take on more debt, and then might lose a job and have more trouble paying back, and credit loss rates return closer to normal.

“I don’t think it goes back to 2019 consumer loss levels, the consumer is in pretty good shape,” Biggar said. “But at the lower levels there is always churn. Every day it is harder to make ends meet and inflation is a huge topic, from car prices to home prices to food prices and gas prices. Everywhere you look it’s problematic for lower income levels. The default rates moves back up.”

One major pandemic change is likely to be permanent, and is going to serve as a tailwind for the card business. Card spending accelerated during the pandemic relative to cash and checks, and though that was a secular trend already in place, like many pandemic shifts linked to technology and digital, it accelerated. That was beneficial for many companies in the payments space, from PayPal and Square to Visa and Mastercard and the card issuers.

“Aside from the cyclical aspect of credit losses, we’re just seeing enormous opportunity in cards. Lots of teenagers never carry cash any more,” Biggar said.

Risks to aggressive card companies and to the consumer

Card marketing and competition is getting more aggressive, and CEOs like Capital One’s Fairbank are preparing for it.

“We see competition heating up all around us, especially in rewards. … you see it in the marketing and the media activity. We see it in direct mail numbers. We see it in the rewards offerings and the heating up of some of that. The competition is intense right now …. but it’s not yet irrational,” Fairbank said.

Analysts say there is a big opportunity in the card space and the big banks, while having made major gains in trading and investment banking and other businesses in the past year — while being more cautious on cards given expectations of defaults — now see the growth and the higher net interest margin from cards at a time when the charge off rates are historically low, and are unlikely to double or triple in a good economy, which translates into an opportunity.

“The big banks may not be as aggressive as card companies like Capitol One or Discover, but JP Morgan won’t fall asleep at the switch with its credit card business either. Wells Fargo is coming out with more offers. It’s a big pie and I think there is lots of room for growth,” Biggar said.

“We’re clearly seeing more competition, being aggressive going after accounts right now, because if you are a card lender you are looking at a consumer who has a high savings rates, income is higher and is a better credit counterparty more likely to pay you back,” Barker said. “And they are being more aggressive because the industry is awash in capital looking for a way to be spent and for the best way to grow. “

With the bets being placed by both card companies and consumers at a time when a lot of the data is atypical and after an unprecedented year, there are risks on both sides.

How the consumer spending normalizes in the years ahead is an unknown, as is the strength of the economy and direction in rates, which can trip up both the banking sector and consumers.

If rates rise too quickly the consumer could quickly be back in a tough spot, but banks have a vested interest in making sure consumers are doing well because they need those loans to be paid back.

“The longer this persists, the more competition will likely be to extrapolate these trends to inform their decision making,” Fairbank told analysts. “And this can embolden them to make more aggressive offers, market more intensely and a particular one I worry about, loosening underwriting standards. And in this particular environment, the benign rearview mirror could encourage lenders to reach for growth. And it could be exacerbated by credit modeling that relies on consumer credit data that, frankly, may be very unique to the downturn and not as good for predicting where credit performance is going to be over time.”

That’s a potential problem for banks, and their shareholders, but also for the consumer.

The real sweet spot, and the most profitable for the card issuers, is if consumers carry debt month-to-month as they pay the banks back. All the outstanding balances are not good for the banks if they have to write them off, or if consumers continue to pay balances in full every month, but if consumers are making minimum payments it provides banks the interest month after month that is the most profitable way for them to get paid back.

“The longer you take, the more money they make. If people are spending freely and running up debt, even if it’s not the wisest thing for consumers, it’s probably the most likely,” Rossman said. “From a consumer perspective, the message is to keep that momentum going. If you paid down debt from $6,200 to $5,300, bring it lower still; resist the temptation to put a fancy vacation on a credit card. It’s no fun to pay 16%.”

It’s a hard message to make stick. “I would like to see the newfound frugality last, but we’ve seen this in the past,” Rossman said.

Why the largest job wage growth post-pandemic is blue collar

Businesses across the country are in dire need of workers as economic reopening collides with a tight labor market, but the boom in wage growth for manual workers is ahead of the pandemic.

Donna Kauffman, co-owner of a landscaping and construction company in Colleyville, Texas, said a tight labor market had raised her starting wage to $ 13.75 an hour, compared to lower wages in previous years.

Economic forecasters like Gary Shilling have seen an upward trend in wages for manual workers and manual services in recent years, growing faster than white collar wages and a trend reversal that has persisted for the past 30 years, according to the US Bureau of Labor Statistics.

“In general, at the worker level, you’re likely to see higher real incomes,” Shilling recently told CNBC.

Schilling says “work share” – the amount of GDP that is paid out in wages, salaries and benefits – what was in decline has been trending upwards for decades, while the “capital share” – the amount of national income from invested capital – is trending downwards.

For workers in labor industries such as construction, transportation and manufacturing, as well as workers in manual service sectors such as hospitality, leisure, hospitality, and beauty and health services, they have seen the highest wage leaps in recent years. These wages continue to rise after the pandemic.

On July 7, 2021, in San Rafael, California, a sign reading “Now Hiring” was posted in the drive way of a McDonald’s restaurant.

Justin Sullivan | Getty Images

Gad Levanon, head of the Labor Institute at the Conference Board, said the economy will depend on the reopening of manual jobs and the recent wage hike is due to labor shortages in these industries as the country continues to grapple with the aftermath of the ongoing pandemic.

The June Non-Agricultural Payroll Report showed a rise Average hourly wages in all industries, with employment growth of 343,000 in leisure and hospitality professions, more than half of which are in the hospitality industry. But employment in areas such as construction, transportation and manufacturing remained low.

Levanon says that despite the rise in wages, it is taking longer to find workers in these industries as these positions are usually filled with workers from lower socioeconomic status who are still affected by the pandemic. These jobs require personal interaction and practical skills that pose potential health risks to workers, and many of these workers will either not return to their jobs or will not be able to return to work due to factors such as lack of access to childcare and continued state unemployment benefits.

The discussion about why workers do not return to work remains highly controversial. Some say unemployment benefits deter workers, others say Advantages don’t matter. Some say rising vaccination rates will encourage workers to come back, but others say the risks for vulnerable populations are still high.

Zoom In Icon Arrows pointing outwards

US Bureau of Labor Statistics

Some experts consider the wage increases to be here to stayand it is up to companies to compensate for labor costs when more workers return.

“America is first and foremost a service economy,” said Daniel Zhao, Senior Economist at Glassdoor. “So with the economy reopening, I expect greater demand for personal services, and this will add to the coming boom in service roles and work.”

Sportswear company Under armor increases his Minimum hourly wage for its retail and sales reps from $ 10-15, while restaurants like MC Donalds and Chipotle are increase their wages, and in April the White house increased the minimum wage to $ 15 for government contractors, including jobs for construction workers and mechanics.

Zhao says when companies like McDonald’s and Chipotle raise their minimum wages, it means they are realizing it Labor shortages and wage inflation as long-term problems.

“If they only perceived this as a temporary pandemic lack of time, they would only be relying on one-time bonuses or recruitment bonuses,” Zhao said. “But the fact that they are raising wages shows that there are employers who believe the recruitment challenges will continue for a long time.”

Workers willing to do manual work are falling

While every industry is currently suffering from work constraints, Kauffman said she has seen a steady decline in workers willing to do practical work over the past 20 years.

44 percent of the companies currently have vacancies for skilled workers, see above a June poll by the National Federation of Independent Business, and 66% of construction companies said they were not hiring enough skilled or skilled workers.

One reason workers aren’t returning to these jobs quickly is because of their bargaining power, says Gregory Daco, chief US economist at Oxford Economics. Employers must continue to meet higher wage and employment requirements in order to attract this workforce back.

A member of the Ironworkers Local 7 union installs steel beams on a skyscraper under construction during a summer heatwave in Boston, Massachusetts on June 30, 2021.

Brian Snyder | Reuters

The labor market for manual activities has been shrinking since the years leading up to the pandemic, according to Levanon, as older generations retire and there are fewer people doing these jobs. This trend will continue in the years to come.

“Retired baby boomers are people with lower education who do these worker and manual service jobs,” Levanon said. “And the majority of the younger generation it replaces are better educated and less willing to work in such professions.”

Kauffman said her landscaping company used to hire young adults, either high school students or out-of-college young adults, but gradually as high schools in her area started pushing college for more students and ending agricultural education programs, she has potential workers lost.

Daco says that while workers’ desire to perform these roles is an issue, there are more direct reasons for labor shortages and wage increases in both manual and manual service occupations. On average, there are enough people to do these jobs, he says, given the 6.4 million people who are not currently working but want a job, according to the June payroll report.

Skills shortages and job shortages in the place of residence of workers contribute to recruitment difficulties.

“They have workers, but they may not be in the right place at the right time,” said Daco. “Perhaps there are rural areas where people have to work in services, leisure or hospitality, but fewer people want to live there.”

Infrastructure spending can drive wages higher

While the debate in Congress and the White House over a draft federal spending and infrastructure bill continues, bipartisan support for strengthening physical infrastructure across the country, including adding and expanding roads, bridges, and highways, should meet the demand for workers and wages keep high pressure on employers.

The details of any specific plan passed by Congress are crucial, but Levanon says companies will continue to face extremely difficult recruitment barriers for construction workers and manual workers.

As federal spending plans become clearer, Daco expects increased pressure to fill these positions, which will drive wages higher, but not suddenly. He predicts a more gradual increase towards mid-2022 when infrastructure plans become a reality. And while current wages represent a starting point for the future, he does not see this as a starting point for a sustained surge in the wage boom for workers.

“I don’t think this is the start of wage inflation as wages will continue to rise at the same rate as they are indefinitely,” he said.

—MacKenzie Sigalos of CNBC contributed to this report

On-duty safety guard arrested for stealing cash from job seeker utilizing CashApp

MEMPHIS, Tennessee – A security guard was handcuffed and carried away after police said they used an app to steal money.

At first the detectives said she did not confess immediately. But when the police put her phone number in CashApp, they revealed the same username from the victim’s fraudulent allegations.

WREG-TV spoke to the victim who said the fact that she was on duty when this allegedly happened made the situation worse.

It’s a case so surprising and strategic that it shocked the victim.

“It’s just strange to me,” said the victim.

You might have a similar reaction upon hearing what allegedly happened to land Tiffany Chism behind bars.

“I’ve never met her before, it was the first time I went into the building,” said the victim.

The man on the phone told us he never thought meeting Chism, a security guard at the Amazon facility, would result in money being lost.

“I enter the building and have met with security,” said the victim.

While on the line, he said Chism volunteered to help fill out a proof of employment form on his phone.

“In my head I thought maybe she’s trying to help, you know,” said the victim.

Although it gave him a pause, he continued. It was only when a recruiter asked about the appointment invitation that the victim noticed something else in their email.

A message from CashApp, telling us that he has verified a recent transaction.

“Money I sent. I said, ‘No, no, I didn’t send any money to anyone,’ ”the victim said.

The victim said the total was $ 700, although police said a transaction may not have gone through. The victim went straight to the security desk to confront the security guard.

“She said ‘who is the lady?’ And I pointed to the lady who was standing in front of her as if she were the one who took the phone from people to help them, ”said the victim.

Instead, the 25-year-old is accused of having used other people’s money.

The victim told us that one of Chism’s mistakes was trying to carry out such a monstrous crime in a facility full of cameras on almost every corner that he described. When police asked Lost Prevention to review the footage, detectives said Chism was seen on a video using the victim’s phone.

It was later when detectives said she then made a full confession.

“I saw them put them in the car and followed them downtown,” said the victim.

Chism was later taken to East Prison on multiple charges of theft and fraud.

We left a message for Tiffany Chism – who was released from prison. We’ll get in touch when she answers. The 25-year-old is on trial on Monday morning.

As for the victim, he tells us that he is still working to get his money back.

Shut down

Suggest a correction Correct

Job Openings Spike in WTF Type amid “Labor Shortages” whereas 15 Million Individuals Declare Unemployment Advantages

This messed up job market is finally producing rising wages. But companies can pass them on at higher prices: the beginning of an inflationary spiral.

By Wolf Richter to the WOLF STREET.

This is just insane: 15.4 million people are still eligible for unemployment benefits under all programs, with many receiving the additional $ 300 per week in federal allowances, according to the Department of Labor. And 9.3 million people are still “unemployed” according to the Bureau of Labor Statistics.

Nevertheless, the number of job vacancies rose into the stratosphere as companies complain of “labor shortages” even though there is no shortage of people who could work.

The number of vacancies rose by 1 million from the highest ever record to a new highest record ever, to 9.29 million vacancies in April, seasonally adjusted and to 10.0 million non-seasonally adjusted, according to the JOLTS report from the Bureau of Labor Statistics today. Something is really messed up:

It does so while the number of jobs at employers of all kinds – corporations, governments and nonprofits – is still down 7.6 million from February 2020 (green line) to 144.9 million in May; and while households indicated that the number of employed persons, including the self-employed, was 151.6 million still down 7.1 million from February 2020 (Red line):

In the leisure and hospitality industry – around three quarters of the jobs are in restaurants and bars – the number of vacancies rose by almost 400,000 positions, from an all-time high to a new record of 1.59 million in April (seasonally adjusted) and rose by 55% from April 2019 :

But even though there were 1.59 vacancies in the leisure and hospitality industry that the companies were eager to fill, the number of employees in the industry still fell by 2.54 million compared to April 2019:

In the production, the number of vacancies rose to 851,000 for the second month in a row, an impressive 83% or 388,000 positions compared to April 2019.

Manufacturers have raised wages, and some have paid signing premiums, and they complain that they can’t fulfill orders because they struggle to hire enough people to ramp up production to meet trillions of dollars in demand in fiscal and monetary policy incentives.

This comes after two decades of lawsuits that American companies have relocated manufacturing jobs to low-cost countries.

The number of people currently working in manufacturing – including the new positions that manufacturers have actually been able to fill – has remained roughly unchanged for four months with around 12.3 million employees, according to the BLS job report last Friday. Compared to the Good Times last month, February 2020, that was a decrease of 509,000 employees. And yet there are 851,000 vacancies that manufacturers want to fill:

In art, entertainment and recreation In the industry, job vacancies rose historically to 248,000 vacancies for the third month in a row, more than doubling since April 2019:

Under constructionTheir job vacancies rose by 23,000 to the second-highest level of all time, below just April 2019:

But the number of construction workers hasn’t moved much through May this year (and down 20,000 jobs in May from April) and is still 225,000 lower than it was in February 2020:

In the areas of transportation, warehousing and utilities Job vacancies fell by 18,000 to 411,000 positions in April compared to the record increase in March, an increase of 17% compared to April 2019:

In wholesale Sector, job vacancies rose 79,000 in April to a record 335,000 jobs, up 21% from April 2019:

At retail, job vacancies rose by 208,000 to almost 1 million jobs, an increase of 27% compared to April 2019. This sector includes the currently hot car dealers, grocery stores, hardware stores and the like, but also the dying mall stores:

In professional and business services, job vacancies rose to a record 1.52 million in April, surpassing the previous record in December 2020 and up about 25% over the multi-year average.

In education and healthcare, job vacancies rose to 1.44 million, the second highest ever after the record in February, and grew 4.3% from April 2019.

In the information area, The number of vacancies rose to 116,000, in the mid-range of the multi-year and less than in April 2019. The industry cut fewer jobs in 2020 because it was able to switch to working from home.

Jobs in finance and insurance jumped back to the upper end of the multi-year range, to 315,000 openings in April. By moving to home office, this sector has largely retained employment, and job vacancies have so far not shown any unusual trends – unlike during the financial crisis up to December 2009, when they almost collapsed to zero.

In mining and logging, especially oil and gas drilling, the job vacancies fell to 25,000 in April, roughly in the middle of the broad multi-year range.

Small businesses have a big problem with recruiting.

A record high of 48% of small business owners reported vacancies, according to the NFIB Small Business Optimism Index today. “The labor shortage is holding back the growth of small businesses across the country. If small business owners could hire more staff to take care of customers, sales would be higher and approach pre-COVID levels, ”the NIFB said in the statement.

What does that mean in the bigger picture?

The gap between the 15 million people still receiving unemployment benefits under all programs and the difficulties companies have in filling their jobs is a sign of a messed up job market.

This already results in a mix: finally higher wages, and that’s a good thing; and higher inflation as companies pass their higher labor costs on to consumers, whatever happens and you can get away with it, and that’s not so good. It is the beginning of one of the mechanisms that set in motion an inflationary spiral that is not “transitory”.

Have fun reading WOLF STREET and would you like to support it? Using ad blockers – I totally understand why – but want to support the site? You can donate. I appreciate it very much. Click on the beer and iced tea mug to learn how:

Would you like to be notified by email when WOLF STREET publishes a new article? Login here.

Drone shots of roofs with aluminum and steel shingles. Get a bird’s eye view of the details of each installation.

‘Leisure Tonight’s’ Nischelle Turner talks about her job, her begin at Mizzou

She crashed to the ceiling and exceeded limits – we’re talking about the first black co-host of “Entertainment Tonight”. Meet Nischelle Turner. Turner grew up in Columbia, Missouri, and began journalism at the School of University of Missouri where she met KMBC 9 First News Anchor Donna Pitman. “Nischelle and I are going way back,” said Pitman. “She’s a Mizzou grad, just a great person who is now making history and doing incredible things.” Pitman and Turner came for an interview to talk about Turner’s beginnings and their hopes for their time at “ET” Wrap Mine Brains around – Donna, you’ve known me for 25 years, and you know I’m just that Columbia, Missouri country girl who grew up on the farm. Do you know what i’m saying? “What she says is what shows on Entertainment Tonight every night. She’s down to earth, human, and humble.” The fact that I came from there and I’m here makes history, “Turner said.” It really is beyond my wildest dreams. “Turner’s launch came on KBIA Radio at the University of Missouri. There we saw her fit for work on election night 1996.” I had that coral suit on, “she said.” I only had one of them. I saved my money forever to buy this suit and I’ve worn it everywhere. “Her career took her first to local news – where she got more suits, then to CNN, where she covered more news.” That is I still, “she said.” I’m a journalist at my core. You’re not from the University of Missouri School of Journalism and you’re not that deep inside. “She said when the call came to do entertainment news it was actually a no-brainer.” I thought CNN was the gold standard for news, ” she said. “‘Entertainment Tonight’ is the gold standard for entertainment, and if I always want to work my best, let me go here and see what it’s about. And it was the best decision I could ever make. “Turner’s best day on the new job? Meeting her namesake Nichelle Nichols, known to sci-fi fans everywhere as Nyota Uhura. Nichols was the first black woman to do the starred in “Star Trek” on TV. “It was such a day for me. I’ve been nervous all day, I’m going to meet my namesake. I’ll sit in. “It was a real moment for me,” she said. And it was a moment that seemed to come full circle, as she is now the first black co-host of “Entertainment Tonight”. Turner doesn’t take it lightly, but believes she is one of many to come. Turner said she was initially concerned when she was named co-host, and feared that some people would not accept two black hosts on “ET”. “I could be the first,” she said, “but I definitely don’t think I’ll be the last.” Turner said the support she has received from all sorts of people proves she had no reason to be afraid to have.

She hit the ceiling and crossed the line – we’re talking about the first black co-host of “Entertainment Tonight”.

Meet Nischelle Turner.

Turner grew up in Columbia, Missouri, and began attending the University of Missouri School of Journalism, where she met KMBC 9’s first newscaster, Donna Pitman.

“Nischelle and I are going way back,” said Pitman. “She’s a Mizzou graduate, just a great person who is now making history and doing incredible things.”

Pitman and Turner met for an interview to discuss Turner’s beginnings and their hopes for their time at “ET”.

“It’s still hard to wrap my brain around – Donna, you’ve known me for 25 years and you know I’m just that Columbia, Missouri country girl who grew up on the farm. Do you know what I’m saying?” “

What she says is what is shown on Entertainment Tonight every night. She is down to earth, humane and humble.

“The fact that I came from there and am here now makes history,” said Turner. “It’s really beyond my wildest dreams.”

Turner began broadcasting on KBIA Radio at the University of Missouri. There we saw her suitable for work on Election Night 1996.

“I was wearing that coral suit,” she said. “I only had one of them. I saved my money forever to buy this suit and I’ve worn it everywhere.”

Her career took her first to local news – where she got more suits, then to CNN where she covered more news.

“I still am,” she said. “I’m a journalist at my core. You don’t come from the University of Missouri School of Journalism and you’re not that deep inside.”

She said when the call came to do the entertainment news it was actually a no-brainer.

“I thought CNN was the gold standard for news,” she said. “‘Entertainment Tonight’ is the gold standard for entertainment, and if I always want to work my best, let me go and see what it’s about. And it was the best decision I could ever make.”

Turner’s best day in your new job? Meet her namesake Nichelle Nichols, known to sci-fi fans everywhere as Nyota Uhura. Nichols became the first black woman to star in “Star Trek” on television.

“It was such a day for me. I’ve been nervous all day, I’m going to meet my namesake. I’ll be sitting in front of this woman. It was a real moment for me,” she said.

And it was a moment that seemed to come full circle, as she is now the first black co-host of “Entertainment Tonight”.

Turner doesn’t take this lightly, but believes she is one of many to come.

Turner said she was initially concerned when she was named co-host, concerned that some people would not accept two black hosts on “ET”.

“I might be the first,” she said, “but I definitely don’t think I’ll be the last.”

Turner said the support she received from all sorts of people proves she had no reason to be afraid.

The place To Put Your Cash When Beginning Your First Job

Select’s editorial team works independently to review financial products and write articles that our readers find useful. We may receive a commission when you click on links for products from our partners.

Congratulations to: You graduated from college and just got their first job in the real world – all during a global pandemic.

While you may feel like spending your newfound income, it’s crucial that you take advantage of your old age and put some of that money into retirement. Your non-working years may feel incredibly far away, but the sooner you start building a nest egg, the bigger it can get.

“Young savers are the best savers because they have what every other saver wants: time,” says Andrew Meadows of Ubiquity Retirement + Savings, a 401 (k) small business provider. Thanks to compound interestThe money you keep today is going to grow exponentially.

“Think of compound interest like a snowball,” adds Meadows. “The more money you have, the more it can grow over time.”

This is where you should prioritize your income from your first job to make sure you are saving enough for the future.

The 401 (k) plan sponsored by your employer

Many companies offer their employees a 401 (k) retirement plan. These retirement accounts allow you to put money into investments that you would otherwise probably not have access to, as some investments are only made for 401 (k) packages, explains Meadows.

The money you contribute to your 401 (k) is not taxed, which means that adding to your 401 (k) can reduce your taxable income and lower your overall tax burden. Roth 401 (k) s are another option that is dollar-funded after-tax.

401 (k) s are only available through one employer, and some companies even offer a match if you put a certain amount into your 401 (k). A company match is extra money your employer invests in your 401 (k) to increase your savings.

“For example, if your company matches up to 4% [of your salary] and you contribute 4%, you double what you can put away, “says Meadows.

The IRS sets contribution limits each year, and in 2021 most workers will be able to contribute to their 401 (k) from $ 19,500. For people aged 50 and over, the maximum contribution limit increases to USD 26,000 (thanks to Catch-up fees of USD 6,500). Employer contributions are added to these specific limits.

If your employer offers appropriate contributions, make sure that your money is a priority. Otherwise the free money is on the table. If you can’t afford to play the game right away, get closer every year by increasing your contribution by 1%.

Your own individual retirement account (IRA account)

If your new employer doesn’t offer you a 401 (k) plan, you can still save for retirement by opening your own individual retirement account, commonly known as an IRA account. Unlike a 401 (k), you don’t need an employer to open an IRA account.

IRAs also offer a range of investments for your money, such as: B. Single stocks, bonds, index funds, mutual funds, and CDs. They are a great option for those who don’t have access to a 401 (k) or want to add another retirement account to their 401 (k). Just like with a 401 (k), you can set up automatic contributions to your IRA from a checking or savings account.

You can find IRA accounts that are offered through national banks, investment firms, and online brokers Robo-Advisor. You will most likely see both traditional IRAs and Roth IRAs. While the two types of IRA accounts have the same contribution limits – up to $ 6,000 in 2021 if they’re under 50 and $ 7,000 if they’re 50 or older – they offer different tax benefits.

Similar to a 401 (k), a traditional IRA can lower your taxable income, which means you owe a little less to the government each year you contribute.

Choose checked and compared over 20 different traditional IRA accounts to determine the best for all types of investors. (See our methodology For more information on how we choose the best traditional IRAs) When shopping in an IRA, choose an account that has no minimum deposit requirements, offers commission-free trading, and offers a variety of investment options.

Fidelity Investments IRA With its $ 0 minimum deposit, commission-free trading, and abundance of teaching aids and resources to get you started with investing, this is the best deal for beginners. Fidelity even offers its own robo-advisor, Fidelity Go, if you need more cash on your investments.

Fidelity Investments IRA

Information on Fidelity Investments IRA has been independently collected by Select and has not been reviewed or provided by Fidelity Investments prior to publication.

  • Minimum deposit

  • fees

    $ 0 commission fees on stock and ETF trades; $ 0 transaction fees for over 3,400 mutual funds; $ 0.65 per options contract

  • bonus

  • Investment opportunities

    Stocks, bonds, mutual funds, CDs, and ETFs

  • Educational resources

    Tools and calculators that show users the progress of their retirement goal; Fidelity Five Money Musts Online game in which you will learn how to manage money in the real world

Young investors, Meadows said, should also realize that they are on a path to building strong financial relationships.

This is why he suggests starting with an IRA account with your bank to show loyalty. “”[Doing so] could help you later when you are looking for a loan or other bank support, “he says.

Our methodology

To determine which individual retirement accounts (IRAs) are best for investors, Choose analyzed and compared traditional IRAs offered by national banks, investment firms, online brokers and robo-advisors. We narrowed our ranking by only considering those that offer commission-free trading in stocks and ETFs, as well as a variety of investment options so that you can maximize your retirement savings.

We also compared each IRA for the following characteristics:

  • Minimum deposit of USD 0: All of the IRAs in our ranking have no minimum deposit requirements.
  • Low fees: We have factored in the fees, commission trading fees, and transaction fees of each IRA.
  • Bonus offered: Some IRAs have promotions for new account users.
  • Variety of investment options: The more diversified your portfolio, the better. We made sure our top picks offer investments in stocks, bonds, mutual funds, CDs and ETFs. Most also offer options trading.
  • An educational resource center: We chose IRA with an online resource hub or advice center to educate you about retirement accounts and investments.
  • User friendliness: Whether you access your IRA at home on your laptop or smartphone on the go, a simple user experience is important. We have found that the investment platform is characterized by its ease of use.
  • Customer service: Each IRA on our list offers customer service via phone, email, or secure online messaging.

After reviewing the features above, we sorted our recommendations based on the type of investor that would best suit you, from novice and hands-off investors to experienced and practical investors.

Your earnings in an IRA will depend on the fees involved, the contributions you make to your account, and market fluctuations.

Editor’s note: The opinions, analyzes, ratings or recommendations expressed in this article come exclusively from the Select editorial team and have not been reviewed, approved or otherwise endorsed by third parties.