US Retail Sales Gains Are Slowing. Are They About to Reverse?
Retail sales in the United States rose for the third straight month in July, but the rate of growth has dropped to just 1.5% month over month.
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Weekly Jobless Claims Are Finally Under the 1 Million Mark
The Bureau of Labor Statistics reported that initial jobless claims for the week of August 8 fell to less than a million.
Thursday’s Market vs. Economy Dilemma: Gold, Silver, Stocks & Bonds
There is still much economic uncertainty facing the economy and the stock market. This uncertainty also pertains to bonds, as well as the recent trading in gold and silver. The tech-heavy NASDAQ had already…
CEO Turnover Jumped by More Than a Third in July
Some 125 CEOs left their jobs in July, a third more than left in June and roughly equal to the July 2019 total.
Recession Watch: E-Commerce Spending Growth Already Has Slowed
There may still be no clear reasons for brick-and-mortar retailers to start a massive celebration yet, but those endless growth rates in online spending have started to come down.
US Gun Deaths Top 25,000
So far this year, gun deaths in American total more than 25,000, and more than half of those were suicides. These deaths are increasing at an extraordinary rate.
Total US Job Openings Vastly Smaller Than Total Unemployed People
The U.S. Bureau of Labor Statistics showed that the number of job openings was little changed in June. Some fear that this may have been the last boost from economic stimulus.
Teen Unemployment Near 20%
The American jobless rate saw a sharp improvement in July. However, one group fared much worse.
Black Unemployment Nearly 15% and Not Improving
In July, most segments of the population posted an improvement in employment. The rate among Black Americans did not improve much.
Why Payrolls and Unemployment Confused the Markets
The financial markets and Main Street agree that each release of the U.S. Department of Labor's Employment Situation report is one of the most important as a fair measure of the economy.
Despite Rising COVID-19 Cases, Services Economy Keeps Recovering
The Institute for Supply Management's readout for the services sector posted its second monthly gain in a row for July.
Small Business Hiring in July Puts Cloud Over Unemployment Data
Economists look closely ahead of each monthly unemployment and payrolls report at hiring trends in the private sector and in small businesses.
It’s 121 Degrees in This City, and That Won’t Change Soon
The hottest place in the world right now is a city in Tunisia, where it is over 121 degrees Fahrenheit and isn't expected to cool much soon.
These 10 Nations Have the Worst Hunger Problems in the World
The COVID-19 pandemic is making the problem of food insecurity even worse for the world's poorest countries. A new report from Oxfam illustrates the extent of the damage.
COVID-19 Kindles Corporate Debt Default Surge
Corporate debt defaults soared in the second quarter according to the latest report from Moody's. And it will get worse the longer the COVID-19 pandemic lasts.