Worker Productivity Hits 3-Year High
The U.S. Department of Labor has released data indicating that nonfarm labor productivity rose by 2.9% in the second quarter of 2018. This was the strongest productivity gain in over three years.
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Retail Spending Remains Strong, Up More Than 6% in July
The U.S. Census Bureau reported Wednesday morning that retail sales in July rose 0.5% month over month and more than 6% year over year. The increase was much better than expected.
July Small Business Optimism Second-Highest in 45 Years
The National Federation of Independent Business reported Tuesday morning that its small business optimism index rose to its second-highest reading in 45 years. Finding qualified employees remains the top issue for small business owners.
CBO Shows No Recession Though 2028
If the CBO is correct, the U.S. economy will go two decades without a recession, which is near twice any past the period.
US Wildfires Torched 5.6 Million Acres So Far
Wildfires continue to burn over large swathes of California and other western states. Six new large fires were reported on Saturday.
10 Reasons Long-Term Treasury Yields Remain Stuck Under 3%
The message that the investment community has heard for the better part of 18 months now is that higher interest rates are coming. Yet longer-term interest rates have remained stuck under 3%.
Turkey’s Economy by the Numbers, With US and European Exposure
24/7 Wall St. has decided to take a look at the situation in Turkey so that investors, economists and the public have an idea of just how important and relevant this could be.
States (and Colleges) With the Highest Average Student Loan Debt
Total student loan debt in the United States is second only to mortgage debt as the largest source of indebtedness among Americans. A new survey breaks student loan debt by state and institution.
World’s Hottest Cities Show What US May Face
It appears that 100-degree-plus days are more frequent in a rising number of U.S. cities. Some of these temperatures and their durations are making parts of America like the hottest places in the world.
The Recent Rebound in Prime-Age Labor Force Participation
A new report from the Brookings Institution's Hamilton Project examines the rise in labor force participation since the end of the financial crisis.
China Says US Tariffs ‘Doomed to Be Futile’
The Chinese government wants the outside world to look at tariffs by the United States as "futile." It does, however, want to talk.
What Matters in Unemployment and Payrolls for Friday
Friday's Employment Situation report for July from the Bureau of Labor Statistics is the most important economic reading of this week. Here's what to expect.
Bitcoin May Accelerate Greenhouse Gas Problem
There is a new culprit in the greenhouse gas wars. Bitcoin and other blockchain activities use enough energy that they are a threat to lowering energy consumption.
Federal Reserve Avoids Market Shocks in Decision on Interest Rates
If you were looking for a major change out of the Federal Reserve’s decision on interest rates, the August 1, 2018 announcement might not have been the best bet to look for a big…
Trade Wars and Tariffs Meet Headwinds and Inflation for US Manufacturing Sector
IHS Markit released its U.S. Manufacturing PMI for July, and the Institute for Supply Management (ISM) released its manufacturing survey via its own manufacturing PMI reading.