Labor Costs and Productivity Look Like a Win-Win for the Economy
After a long period of stagnation, the measure for worker productivity is back on the up. And at the same time, and for the better, wages are still rising.
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46.5% of College Dropouts in Default
Nearly half of college dropouts are in default on the loans they took out to attend college and 15% have no plans to repay that debt.
Janet Yellen Continues Moving to Reduce the Federal Reserve’s $4.5 Trillion Balance Sheet
Any time there is a Federal Reserve meeting investors pay attention. After all, the Federal Open Market Committee is the body inside the Fed which can determine whether or not to raise interest rates.…
New Construction Spending Modestly Higher in September
Spending on new construction rose slightly in September, but new single-family residential construction is up nearly 12% year over year.
Manufacturing Growth Ticked Lower in October, but Still Robust
ISM has released its reading on manufacturing activity in October. While it is slightly lower than the prior reading, the reality is that it was at a 13-year high in September.
Yes, There Is a Real Cost for Brexit
There have been costs associated with the recent Brexit vote that are already weighing on the United Kingdom. These costs may weigh on the nation for some time.
Employment Costs Rising Handily With Stronger GDP
Wages increased handily in the third quarter of this year, but other employment-related costs contributed to the gains as well.
Consumer Spending Gains Confirm Strong GDP Report
What economists know is that for U.S. gross domestic product to be strong it almost cannot occur with gains in consumer spending.
Trump Goes to China With Plenty of Backup
President Trump begins a five-nation tour of Asia on Friday and a number of companies are taking part in the two-week trip in hopes of furthering relationships, especially with China.
What Scares You the Most About Halloween — and Credit Cards?
While Halloween is not a holiday that drives a lot of consumer spending, its focus on things that are scary may be a natural segue into what people's biggest financial fears are.
Ahead of the FOMC: Fed Already Trimming the $4.5 Trillion Balance Sheet
The Federal Reserve) already has pledged to start trimming its balance sheet, and it has laid out how it would start doing so. What many investors and economists might not be prepared for is…
Consumer Sentiment Softens but Remains Close to Multiyear Highs
The University of Michigan's reading on consumer sentiment slipped marginally lower at the month-end revision for October.
GDP Growth of 3% Is Starting to Look Like a Streak
GDP is the barometer used to measure growth for economic expansion. Real GDP growth had not seen two consecutive quarterly growth rates of 3% or higher since 2014.
European Central Bank Plays Three-Card Monte on Quantitative Easing
The European Central Bank pledged on Thursday to cut its large program of bond buying. On the surface that sounds like the beginning of the end of quantitative easing.
The Attack Against 401(K) Retirement Savings Continues
It appears that the House of Representatives may still be weighing adjustments to how much Americans can save for retirement in qualified retirement savings plans.