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.
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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.
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.
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.