Economy - Page 2

Old-fashioned Main Street

February Small Business Optimism Ticks Higher

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for February rose 0.1 point from 97.9 in January to come in at 98.0. ...
Read Full Story »

Rate Hike Conundrum: Fed Consumer Inflation Expectations at New Low

If you are worried about a rapid rise in interest rates, and sooner than expected, from the Federal Reserve, there sure appears to be at least some breathing room here. The New ...
Read Full Story »

Youth Unemployment at an Amazing 17.1%

In Friday’s report on the employment situation in the United States, the Bureau of Labor Statistics (BLS) disclosed that the unemployment rate for young people aged 16 to 19 remained ...
Read Full Story »

Black Unemployment at 10.4%

In February, the unemployment rate among black or African American persons was 10.4%, nearly double the national rate of 5.5%. The unemployment rate among blacks or African Americans between ages ...
Read Full Story »
credit cards

Consumer Credit Creeps Higher as Credit Card Use Drops

The Federal Reserve on Friday released its preliminary report on consumer credit for the month of January 2015. Consumer credit rose 4.2% in January, well below the 6.5% growth posted ...
Read Full Story »

Labor Dept. Payrolls Scream Higher Into Lower Unemployment

The U.S. Labor Department has released its payrolls data and unemployment rate for the month of February. While the markets have been all in favor of growth and good data, ...
Read Full Story »

February ADP Below Estimates, Shocking January Revision

ADP has released its February private sector payrolls report, and on the surface it looks disappointing. This is also what we initially thought about the previous month, at least before it was ...
Read Full Story »

ISM Shows More Slowing Manufacturing Growth

U.S. manufacturing is continuing to slow down. The Institute for Supply Management (ISM) released its February 2015 Manufacturing ISM Report on Business on Monday, showing what was represented as the ...
Read Full Story »

100 Million Chinese Watch Pollution Video Online

In its first two days of release, a 143-minute documentary on the vast pollution problem in China has been viewed by more than 100 million Chinese citizens on the Tencent ...
Read Full Story »

In Spain and Greece, 25% of Adults Still Unemployed

The unemployment rate in the euro area continues to drop. In January the figure fell to 11.2% from 11.3% in December. Eurostat made that improvement the headline of its release ...
Read Full Story »

GDP Revision Lower but Still Better Than Expected

The U.S. Commerce Department has released the preliminary reading for real gross domestic product (GDP) growth in the fourth quarter of 2014 at a seasonally adjusted annual rate of 2.2%. This ...
Read Full Story »

A Fifth of Americans Do Not Plan to Retire

Whether it comes from financial necessity or potential boredom, a fifth of Americans do not plan to retire. The decisions could substantially alter the landscape of the U.S. job market, ...
Read Full Story »
Oil Tanker

Forget Inflation, Labor Department CPI Shows Deflation From Energy Prices

The U.S. Labor Department has confirmed what most of us have suspected for some time: deflationary pressure from the cost of energy and commodities falling has turned into deflation. Whether ...
Read Full Story »

Labor Department Shows Huge Jump in Weekly Jobless Claims

The U.S. Labor Department has released a somewhat disappointing reading for weekly jobless claims. Claims rose by a sharp 31,000 to a seasonally adjusted reading of 313,000. The Wall Street ...
Read Full Story »

Finally, a Good Durable Goods Report

The U.S. Commerce Department has released its durable goods reading for the month of January. While this number is highly volatile, despite the direction of the economy, the headline number ...
Read Full Story »