Economy - Page 2

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Greek Youth Unemployment Rate Above 50%

Lost in the battle over Greek debt and austerity is the fact that unemployment among people under 25 remains over 50%. At 50.1% in February, the last available data, even ...
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Consumers Feel Economic ‘Good Times’ Are at 15-Year High

The Thomson Reuters/University of Michigan Consumer Sentiment Index rose from a preliminary June reading of 94.6 to a final June reading of 96.1. That is the highest reading since January ...
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Drought map June 24 2015

Drought Expected to Worsen in the West

While there are pockets of abnormally dry areas east of the Rocky Mountains, nearly all of the United States west of the Rockies is expecting drought conditions to persist or ...
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Muni Bond Investors See That States Are Lowering Their Debt Medians

Municipal bond investors have been trying to adequately price in just what might actually happen in the coming Federal Reserve interest rate hike cycle. It turns out that there are ...
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Mixed Bag on Corporate Profits

Are corporate profits rising or falling? Well, it depends on how you look at the data. The Bureau of Economic Analysis (BEA) included a review of corporate profits in its ...
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The Trouble of Q1 GDP Being Revised Higher

The second, and supposedly final, revision to first-quarter gross domestic product (GDP) came in at -0.2%. This met the Bloomberg consensus estimate of -0.2%, and it was slightly better than ...
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Durable Goods Weak in May — Until You Look at the Core Reading

Durable goods proved not to be all that durable for the U.S. economy in the month of May. The headline durable goods report was -1.8%, far worse than the consensus ...
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Chicago Fed Shows Cooling National Economy in May

Monthly data released from the Federal Reserve Bank of Chicago showed that economic growth was slightly below average in May. The Chicago Fed National Activity Index, an index that is ...
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Houston Ship Channel

Despite Lower Oil, Texas Still Adding Net Jobs

The trend of higher payrolls and job growth seen in the rest of the nation is also being seen in Texas. So far, the lower oil prices are not killing ...
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How An Interest Rate Hike May Pressure Corporate Profits Ahead

The secret has been out for a while that Janey Yellen and the Federal Reserve are going to begin hiking interest rates. There remains a debate over how soon this ...
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Philly Fed and Leading Economic Indicators Point Higher

For those who were worried about the strength of the economy in the first quarter, stronger numbers are the trend so far this summer. After a gain in inflation (CPI) ...
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CPI Ticks Up but Remains Under Fed Target

The U.S. Labor Department has released its latest reading on retail inflation. The Consumer Price Index (CPI) rose by 0.4% in the month of May, and the core CPI (excluding ...
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Weekly Jobless Claims Hardly Weak

The U.S. Labor Department has released its weekly jobless claims reading for the past week, and this marked the 15th consecutive week with a claims report of fewer than 300,000. ...
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All California Needs Is a Few Hurricanes and 2 Feet of Rain

Parts of northern Texas and Oklahoma were so parched that they registered the worst level of drought, based on data from the U.S. Drought Monitor. The level is labeled "exceptional ...
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Fed Officials Targeting Rate Hike, or Hikes, in 2015

Janet Yellen and the Federal Reserve has announced the results of the June 2015 FOMC meeting. Without surprise is that no interest rate hike was announced. Now, the rest of ...
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