ADP Signals Strong Payrolls Gains for Friday’s BLS Report
With the first Friday of the month less than 48 hours away, it's time to brace for another unemployment report from the U.S. Labor Department.
Economy
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Worker Pay Rises Most in Nearly 10 Years
Compensation for all U.S. civilian workers rose by 2.8% in the 12 months from June 2017 to June 2018. This is the largest increase since the third quarter of 2008.
Consumer Confidence Comes Over the Top in July
The Conference Board has released its July reading of consumer confidence, showing a gain after a modest decline in June. Consumer confidence rose slightly to 127.4 in July from 127.1 in June. This was…
Is Travel Insurance Worth the Cost?
If you are planning a family vacation and are paying, say, about $750 per plane ticket for a family of four, is it smart to pay a small percentage of the total cost to…
July Consumer Sentiment Slips but Still Robust
The final July reading from the University of Michigan's consumer sentiment survey is down slightly from the June reading, but over the past 12 months, sentiment remains strong.
GDP Growth of 4.1% Impressive, but US GDP Now Over $20 Trillion
It turns out that all the hype about higher growth actually can come true. GDP for the second quarter saw its largest gain in about four years.
Venezuela to Drop 5 Zeros From Currency, Back It With Crypto Token
Venezuelan President Nicolas Maduro on Wednesday said that a new currency will next month replace the wildly inflated bolívar. But what does that mean?
Wall Street and Businesses Race to See Trump’s Tweets First
To miss President Trump's tweets as they hit Twitter is to risk a business opportunity or to miss a danger worth knowing about—now.
Inflation Rate in Venezuela at 1 Million Percent
Venezuela's inflation is pegged to hit 1,000,000% this year according to the IMF. That's in the same league as German inflation in the 1920s and Zimbabwean inflation in the first decade of this century.
Beyond Q2 GDP and Tariffs: Manufacturing & Goods Already Mixed for Rest of 2018
With second-quarter GDP reading coming out this Friday, there have been several economic reports that already point to July's manufacturing activity.
City Budgets in an Era of Increased Uncertainty: Understanding the Fiscal Policy Space of Cities
A paper by Michael Pagano and Christopher Hoene for the Brookings Institution reviews the effects on city budgets affected by cuts in the federal budget and how cities might cope with those effects.
The Future of Money: Digital Currency
Brookings Institution Fellow Eswar Prasad testified last week on digital currencies and central banks before a U.S. House subcommittee on monetary policy and trade.
Surprise, Surprise: Income Inequality Is Getting Worse
The average income of a top 1% U.S. household is more than 26 times the average of one in the bottom 99% of households.
North Korea GDP Hammered, Challenging Government
North Korea's GDP dropped the most last year that it has since 1997. This trouble poses a challenge to dictator Kim Jong-un, who oversees a nation in which millions of people live in poverty.
How Trump Could Stifle Economic Growth: Roubini
NYU economist Nouriel Roubini sees an end to the positive impacts of the Trump administration's economic policies and a beginning of a string of negative effects.