Many Baby Boomers Reluctant to Retire — Gallup
Naturally, it has occurred to people who do not have the money to retire that they shouldn't. Many baby boomers want to continue to work for years to come, even if they do not…
Economy
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Newest first · Page 310As China Economy Growth Slows, U.S. Strengthens Grip as Top Economy
Forecasts have predicted that China's GDP will pass that of the United States sometime between 2030 and 2050. For the time being, those forecasts appear too optimistic. China's GDP growth appears to be slowing.
The 85 Richest People Own Wealth Equal to Half the World’s Population
Wealthy elites have co-opted political power to rig the rules of the economic game, warned Oxfam in a new report published ahead of this week's World Economic Forum in Davos.
States Where the Most People Work Two Jobs
ThinkstockThe vast majority of working Americans spend their time at one job, but that isn’t the case for everyone. In 2012, roughly 5% of the U.S. working population held more than one job at…
January Philly Fed: Positive Eight Months in a Row
The so-called Philly Fed index is out, showing an improvement for January and above expectations. The index has now been positive for eight consecutive months.
Weekly Jobless Claims and Consumer Prices Bring Profit Taking
Ed Brown, via Wikimedia CommonsThe Labor Department has two key readings out this Thursday — the Consumer Price Index and Weekly Jobless Claims. Headline inflation, the CPI, is mostly in-line with expectations for the…
More Americans Worse Off Financially Than a Year Ago
ThinkstockIf the general U.S. economy has improved over the past year, most Americans have not seen its benefits, at least based on their personal experiences, according to new data from Gallup. The news is…
Labor Department PPI Shows Wholesale Inflation Ticking Higher
ThinkstockWholesale inflation was on the rise in December. The Labor Department released its Producer Price Index (PPI), showing a rise of 0.4% from the prior month and a rise of 1.2% from December 2012.…
U.S. Key to Global Recovery, Says World Bank
While the developed economies of the world will stage improvements this year, and the growth of the developing world will accelerate sharply, the United States is the key to a strong global recovery in…
California Credit Ratings Improving
Wikimedia Commons/creative commonsIf you have been tracking credit ratings of states and nations since before the recession, something today almost seems impossible to imagine. California’s credit ratings are on the mend. They are far…
NFIB: Independent Business Owners Remain Pessimistic
The National Federation of Independent Business (NFIB) has released its small business optimism index for the month of December. The report is pessimistic regarding the small business economy.
2.3 Million Live With Long-Term Unemployed Parents
Long-term unemployment has become a deeper and deeper problem in the United States. Just as large a problem, if not larger, is the number of Americans who live with parents who have been unemployed…
West Virginia, Mired in Poverty, Stuggles With Huge Chemical Spill
Some 300,000 West Virginia residents are unable to drink local water because of a recent chemical spill. The state is so poor, and its government so strained by efforts to dig people out of…
Unemployment and Payrolls Made Bonds Safe Again, Maybe
Friday's Employment Situation report from the U.S. Labor Department may have just made investing in bonds safe again. It seems that if interest rates rise, that rise will be very gradual.
Even at 7%, U.S. Unemployment Much Too High, Far From Normal 5%
No matter how much cheer there is in an unemployment rate of less than 7%, the figure remains much worse than its needs to be for a complete economic recovery.