4 States Raising Minimum Wages the Most in 2019
Twenty states will raise their minimum wages on Jan. 1. The actions will affect the pay of 5.3 million people. Most of these increases are modest, but in four states the bump is over…
Economy
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December Sentiment Index Rises, Full-Year Index Hits 18-Year High
Consumer sentiment in December rose year over year and month over month. Expectations for the future slipped a bit, but consumers remained positive on the current state of the U.S. economy.
Real GDP Slows Down in Q3
According to the third estimate released by the Bureau of Economic Analysis, real gross domestic product increased at an annual rate for the third quarter that was less than in the second quarter.
Philly Fed Continues Weaker Growth Trends, Identifies Price Hike Expectations for 2019
The Federal Reserve Bank of Philadelphia has reported that manufacturing activity in its region has continued to grow but at a subdued pace in December.
FOMC Verdict: A Less-Hawkish Jerome Powell Is Not Dovish
Wednesday, December 18, 2018 was a day that could have marked a turning point for the Federal Reserve and Fed Chairman Jerome Powell in the quest to raise interest rates. After having fed…
Gender Pay Gap Will Take 100 Years to Close According to Major Study
The gender pay gap will take 101 years to close, according to a huge study by the well-regarded World Economic Forum. In some nations, the number is much worse.
30% Want Female or Gender-Neutral Santa
In most depictions, Santa is older, white and male. A new survey shows that about 30% of respondents believe Santa needs a new image.
Half of CFOs Expect US Recession in 2019
A new survey from Duke University reports that half of U.S. CFOs believe the domestic economy will be in recession by the end of 2019. The outlook is even gloomier from global CFOs.
Over 112 Million Americans, One Third of Population, Will Travel Over Holidays
One-third of Americans will travel over the holidays this year, which will be a record. The total number of travelers will reach 112.5 million.
Consumer Prices Look More Tame Into Year-End as Oil and Energy Prices Fall
After a somewhat muted Producer Price Index report for November, the U.S. Department of Labor has released its November reading on the Consumer Price Index.
PPI Ticks Marginally Higher Despite Plunging Energy Prices
The U.S. Department of Labor has released its Producer Price Index for final demand for the month of November.
November Small Business Optimism Plunges on Lowered Expectations
Small business owners' optimism flagged in November, dropping nearly three points on the National Federation of Independent Business optimism index. Expectations for improvement in the U.S. economy dropped more than 10%.
The Traffic Light Turns 150 Years Old
The traffic light turns 150 years old today. They are so commonplace around the world that drivers and pedestrians barely give them a thought.
December Sentiment Index Unchanged, but Consumers Wary
The preliminary consumer sentiment index for December came in unchanged from the final November reading and nearly 2% higher than December 2017. But there's some wariness among consumers about future job prospects.
Business Executives Remain Positive on US Economy
With the markets back in correction territory, it makes sense that business executives’ outlook on the U.S. economy fell sharply as well. However, they continue to hold strongly positive views of their own companies’…