US Millionaires Top 10 Million
The number of U.S. households with a net worth of $1 million or more rose by 300,000 in 2015 to a new total of 10.4 million.
Economy
All Economy Articles
Newest first · Page 231
Flint Unemployment at 4.6%, Better Than National Average
The dying city of Flint, Mich., has a 4.6% unemployment, which is rate below the national rate, but the data mask crippling problems.
Employment Contraction Leads ISM Non-Manufacturing Index Lower
Is the services economy slowing to a crawl like the manufacturing economy? The ISM non-manufacturing index came in just a tad higher than the consensus estimate from Bloomberg.
Higher Unit Labor Costs Eat Into Productivity Gains for 2015
The U.S. Bureau of Labor Statistics has made a revision to its 2015 productivity and unit labor costs figures.
Jobless Claims Unlikely to Change Unemployment and Payrolls Expectations
The Bureau of Labor Statistics showed that weekly jobless claims were 278,000 last week, more than the Bloomberg consensus estimate.
New York City Has Worst Commute Time, Buffalo the Best
The largest city in the United States has the longest commute time. A rapidly shrinking city has the shortest, according to housing site Trulia.
March Beige Book Offers Gray Image of US Economy
U.S. economic activity expanded at least slightly in 7 Federal Reserve districts according to the latest version of the Beige Book released Wednesday afternoon. Two Fed districts characterized growth as mixed, another two said…
The Top FTC Complaints for 2015
The Federal Trade Commission (FTC) recently released the top consumer complaints that it received over the course of 2015. These complaints were received and categorized by the FTC’s Consumer Sentinel Network, and it really…
TrimTabs Calls Labor Market Much More Cautiously Than ADP
TrimTabs estimated that the United States added 55,000 to 85,000 jobs in February, the lowest level since July of 2013.
ADP Strength Aims to Form Solid Base for Friday’s Payrolls and Unemployment
ADP said that total private sector employment rose by 214,000 in February. That was handily higher than the consensus estimate from Bloomberg.
Moody’s Cuts China Outlook as Prospects Wither
Moody's has downgraded the outlook on China's sovereign debt from "stable" to "negative." For the time being, its senior unsecured debt will keep its Aa3 rating.
Mixed Manufacturing Data in ISM and PMI
Tuesday's economic reports brought a mixed view on the manufacturing segment in the United States.
New Construction Spending Rises Sharply in January
The U.S. Census Bureau reported Tuesday morning that construction spending in January increased by 1.5%.
Manufacturing Remains in Contraction in Texas
Manufacturing activity in the oil-rich state of Texas is running well under par and remains in contraction, according to the Federal Reserve Bank of Dallas.
Chicago PMI in February 2016 Worst Since Late 2009
Monday's economic calendar was not loaded up that high, but the Chicago Purchasing Managers Index was released with a dismal reading on the headline report.