Higher Wages Are Spread Unequally Among US Workers: EPI
A new report on wages for U.S. workers over the past 40 years underscores the wide gap between those Americans at the bottom of the economic ladder and those at the top.
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How Global GDP Is Still Escaping Recession in the Covid-19 Outbreak
24/7 Wall St. has collected many outlooks from semi-government entities and independent research reports from the private sector to outline the expected Covid-19 impact in 2020.
Dear America: Stop Wasting Unused Gift Cards and Credit Card Rewards!
According to a new survey from Bankrate.com, roughly half of U.S. adults are the not-so-proud owners of unredeemed gift cards or store credits.
WTO Flashes Warning About Global Economy
The World Trade Organization (WTO) warned that the economy, based on world merchandise trade slowed toward the end of last year. Its researchers warned that the outbreak of COVID-19 are not accounted for in…
Japan GDP Drops 6.3%, Raises Specter Of Global Recession
The Japan Cabinet Office released GDP numbers for the fourth quarter of 2019. They were more than dismal. GDP dropped a breathtaking 6.3%. Combined with a blow to China’s economy, and figures which show…
US Consumer Sentiment Remains Strong, but Sources of Uncertainty Are ‘Stirring’
The University of Michigan consumer sentiment index rose by 1.1% month over month and 7.6% year over year in the first half of February, continuing a strong showing for the long U.S. economic expansion.
Japan Faces Rising Recession Risks on Heels of Coronavirus
There may not be widespread global recession now, but some economies are more at risk than others. Japan may be at risk of entering a technical recession.
Germany and China Both Flirt With Recession
A global recession already has started to spread. It seems less and less likely that the American economy can dodge the carnage.
How the Coronavirus Will Harm GDP and Businesses in 2020
With more than 60,000 reported cases of the coronavirus and nearly 1,400 deaths worldwide along with quarantines and travel restrictions, the impact of the disease on global GDP is just beginning to show up.
Volatile Consumer Sentiment Jumps to Near 2-Year High
The Morning Consult consumer sentiment index reached a two-year high last week as Americans shrugged off the impact of the coronavirus outbreak.
Record Levels of Consumer Credit and Higher Delinquencies Should Bring Some Alarms
The media loves making references of the current economy being compared to the great recession. After all, headlines with “recession” have been used to drive higher interest. One problem in measuring gross domestic production…
Flu Season Could Cost US Employers Far More Than Coronavirus
The 2019–2020 flu season has already seen 22 million cases reported. The estimated impact on employers related to work absences is over $13 billion, according to Challenger, Gray & Christmas.
Small Business Optimism Begins the Year on Positive Note
Optimism rose among U.S. small business owners in January as jobs were added and wages were raised. Looking ahead, however, expectations for more improvement declined slightly.
Life Is Good, Say 90% of Americans
Nine in 10 Americans reports being satisfied with their personal lives, a 40-year record high according to Gallup. But satisfaction is not spread evenly throughout different groups.
IMF Forecasts Gloom for Persian Gulf Oil States
The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the…