Economy - Page 2

Black Unemployment Rate at 8.1%

The unemployment rate among black Americans was 8.1% in March, well above the national rate of 4.5%. Of the 4.97 million unemployed Americans, 1.6 million were black, which is 32%. ...
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Q1 GDP May Have Only Risen 0.6%, According to Atlanta Fed

The Atlanta Fed has a publication titled the GDPNow Forecast. It is uses a model to come up with conclusions about economic growth. The most recent addition of the calculations ...
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Disappointing Payrolls Report for March, With Payrolls Revised Lower for February and January

Friday's key economic reporting was dominated by the employment situation from the Bureau of Labor Statistics (BLS). It was a mixed report in some aspects and weak in others. It ...
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US Tornado Count Doubles, Heads Toward Record

There were 350 tornadoes in the United States in the first quarter of the year, up from an average for the period of 140. Likely, when the final count is ...
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Are International Visitors Really Avoiding the US?

Just a week after his inauguration, President Trump issued the administration's first travel ban on visitors from certain countries. The ban, along with the president's campaign statements and stricter enforcement ...
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Higher GDP Largely Ignored by the Markets

Gross domestic product (GDP) is how economists, consumers, politicians and academia all measure economic growth. GDP in the United States is dominated handily by consumer spending. And the hope after ...
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Expect More Federal Reserve Rate Hikes in 2017

If the Federal Reserve and the financial markets are correct, 2017 will end up being the year that interest rates start to become more and more normalized on a historical ...
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Why Consumer Confidence Soared Off the Charts in March

Consumers are confident. Extremely confident. The economic news might have been expected to be weak considering eight straight days of a drop in the Dow Jones Industrial Average. Apparently consumers did ...
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March Consumer Confidence Index Hits 16-Year High

The Conference Board has released its latest monthly consumer confidence numbers. March's Consumer Confidence Index reached 125.6 in March, up from 116.1 in February. The index is based on a ...
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Manufacturing Recovery Continues in Texas Region

Manufacturing continues to recover in the Texas region. The Federal Reserve Bank of Dallas gave its Texas manufacturing outlook survey for the month of March, showing that manufacturing activity strengthened ...
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Nearly 20% of Americans Think Global Warming Is Exaggerated

Almost 20% of Americans think news about global warming is exaggerated. They also don't have much concern about climate change. Research on opinions on the environment shows that a huge ...
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Easter Spending Expected to Reach $18 Billion

Although its lags behind the big year-end holidays, Easter is a boom time for many retailers. Consumers will spend $18.4 billion on Easter this year, up 6% to an all-time ...
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Kickstarting America’s Stalled Productivity Growth

In each of the past three years, U.S. productivity has risen less than 1%. Productivity is a measure of the amount of output the economy generated for an hour of ...
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Chicago Fed Shows Continued National Economic Trends in February

If you were expecting a federal funds rate hike from the Federal Reserve, you have likely noticed that economic data from the past 60 days has been stronger and stronger. ...
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Who Is Getting the Best Pay Raises?

The highest-paid CEO last year was Thomas Rutledge of Charter Communications. He received total compensation of $98.6 million. Rutledge's pay was presumably based on Charter's return to shareholders, which came ...
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