Why 7 Million US Job Openings May Look Weaker Than It Sounds
The so-called JOLTS report from the Bureau of Labor Statistics showed that hires and separations were both little changed in September, but the number of job openings fell.
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US Colleges Making the Most Money From Application Fees
Millions of American high school students are or will soon be applying to colleges for the fall of 2019. More than 80% of colleges charge application fees and most applicants apply to three or…
Strong Unemployment, Payrolls and Wages Creates Perfect Storm for Markets and the Federal Reserve
Friday’s unemployment and payrolls report from the U.S. Department of Labor was strong, perhaps strong enough that it still offers plenty of cover for Jerome Powell and his fellow Fed-heads to keep raising…
Trump Comes Down on Counterfeit Goods
In a profound move, President Trump says the United States will withdraw from a 144-year-old postal treaty allowing steep postal discounts for Chinese manufacturers and counterfeiters.
China’s PMI Growth Dips Toward Zero
The trade war with the United States apparently has hurt China's manufacturing sector, judging by its PMI reading for October.
Europe GDP Growth Moves Toward Zero
While much of the economic world has its eyes on the effect on gross domestic product of a trade war between China and the United States, the world's other leading economy, that of the…
Companies Expect Distracted Workers for Midterm Elections, Says Survey
This year, Americans are riveted on the outcome of the midterm elections, which are held between the presidential elections, more so than in other years. Companies are anticipating heightened interest in this election cycle,…
Consumer Confidence Roars to 18-Year High Ahead of Holidays
The U.S. economy continues to be a mighty engine. Consumer confidence reached an 18-year high this month.
Consumer Confidence Kept Rising in October, Now at 18-Year High
The Conference Board reported Tuesday that consumer confidence rose again in October as U.S. consumers retain a positive outlook based largely on solid employment prospects.
Dallas Fed Reports Texas Manufacturing Growth Slowing
The Federal Reserve Bank of Dallas reported Monday that expansion is continuing in Texas manufacturing but at a slower pace than in previous months.
Youth Homelessness Hits Rural Teens Hardest
Recent research indicates that the prevalence of youth homelessness is about the same in both rural and urban areas of the country. But rural youth face more challenges in escaping homelessness than their urban…
German Debt Rating Stays at Highest Level
S&P recently issued its latest opinion of German debt, giving it the highest grade possible. It also said the rating was "stable."
S&P Holds UK Rating Steady but With Negative Outlook
S&P has held its rating of the United Kingdom at AA/A-1+. It is the second highest grade S&P gives sovereign debt. However, the ratings agency’s outlook for the debt is “negative, a reflection of…
October Consumer Sentiment Stumbles Over Slow Wage Growth
The final October report on consumer sentiment showed a decline in U.S. consumers' confidence in both the current economy and in their expectations for the future.
GDP Growth Rate Slows Down to 3.5%
U.S. GDP grew by 3.5% in the third quarter, according to the Bureau of Economic Analysis' first estimate. Total GDP topped $20.6 trillion, but growth was slower than in the second quarter.