January Brought Big Payroll Gains, Government Shutdown or Not
The jobs market continues to be strong. Government shutdown or not, this looked like a big report from the Bureau of Labor Statistics for January's employment situation.
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Fed Chairman Jerome Powell Moves from Hawkish to Patient on 2019 Rate Hikes
Wednesday marked one of the market days where the public was waiting to see what Federal Reserve Chairman Jerome Powell and his members of the Federal Open Market Committee (FOMC) would do with interest…
ADP Sets Stage for Strong Payrolls Gains in January From Labor Department
The economic reports for January have so far been a bit puzzling. While the readings have indicated slower growth, things were complicated by the long partial government shutdown.
Consumer Confidence Continues to Fall From Record Highs
The Conference Board reported Tuesday morning that its consumer confidence index for January dipped on the back of the government shutdown and tumultuous financial markets.
Super Bowl Could Cost Businesses $4.4 Billion in Lost Productivity
This year's Super Bowl could cost employers as much as $4.4 billion in lost productivity as employees spend some time this week talking about the game and more time Monday dissecting the outcome. More…
Broad Fed Index Points Toward Further Economic Growth in December
The Chicago Fed National Activity Index rose slightly in December. It is a national economic reading rather than just a regional one.
Many Americans Still Don’t Believe in Global Warming
It is generally accepted by scientists that the atmosphere around the world gets warmer almost every year. Some Americans, however, do not believe there is a problem.
Americans’ Finances Took a Turn for the Worse in Q4
Results of a recent survey by the American Institute of CPAs showed a decline in Americans' personal satisfaction with their finances. This marks the first downturn in seven quarters.
Does $66 Trillion in Government Debt Mean the World Is Drowning in Debt?
Global government debt reached the equivalent of $66 trillion at the end of 2018 according to a report from Fitch Ratings. That's almost twice as high as global debt at the end of 2007…
More Woes Ahead for Construction in 2019
It hasn't exactly been a secret that the housing construction market and the nonresidential construction markets have slowed throughout the end of 2018 and into 2019. The big question is how these markets will come out…
Chinese Tariffs Slowing Global Economy
The International Monetary Fund on Tuesday released the latest revision to its World Economic Outlook. Growth is expected to diminish slightly over the next couple of years, but it could get worse--or better.
CEOs Pick Top 10 Threats for 2019
What are the serious threats to global business for 2019? An annual survey by PricewaterhouseCoopers lists the top 10 as identified by nearly 1,400 CEOs from around the world.
National Disasters Cost World $225 Billion in 2018
A new survey shows that natural disasters cost the world $225 billion last year. Most of the damage was done by weather-related catastrophes.
January Consumer Sentiment Index Plunges
The University of Michigan's consumer sentiment index plunged nearly 8% month over month in January, the largest drop in the month's preliminary index since early in the current economic cycle.
11 US Natural Disasters Last Year Each Caused Over $1 Billion in Damages
Compared to 2017, last year's estimate for natural disasters causing more than $1 billion in damages appears to be a big improvement.