Will July PPI Show More Inflation Risks?
ThinkstockIs there inflation or not? That is just one of the million-dollar questions out there right now? We will find out on Friday morning at 8:30 a.m. Eastern Time when the U.S. Labor Department…
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Newest first · Page 288Weekly Jobless Claims Back Above 300,000
The U.S. Department of Labor has released its weekly jobless claims. The number of people who applied for jobless benefits increased back above the 300,000 level to 311,000 claims. This was an increase of 21,000…
German GDP Falls .2% In Q2–Federal Statistical Office (Destatis)
The German economy contracted .2% in the second quarter of 2014 according to the Federal Statistical Office (Destatis). The largest and most powerful by GDP, German’s numbers are considered a critical marker to the entire…
Business Inventories Buildup Brings Weaker Expectations
The Commerce Department reported on Wednesday that Business Inventories were up by 0.4% for the month of June. The consensus estimate of economists polled by Bloomberg was spot on at 0.4%, and the range…
July Retail Sales Get Third Quarter Off to a Bad Start
ThinkstockRetail sales did not have much to show for in the first month of the third quarter. The Commerce Department reported Wednesday that retail sales were flat at 0.0% change in July. This fell…
Treasury Budget Deficit Shrinks, But Spending Still Rises
The U.S. Treasury Budget for July was announced Tuesday afternoon. Tuesday’s results followed close enough to analysts’ expectations that it should not rock the boat too much in either direction. The Treasury reported a $94.59…
Small Business Optimism Ticks Up Only Slightly
ThinkstockWith sentiment improving and GDP growth rate picking up in the second quarter, investors and economists alike are looking for anything to confirm or refute the upswing in the economy. The National Federation of…
ZEW Announces Sharp Drop In German Economic Sentiment
The announcement: The ZEW Indicator of Economic Sentiment for Germany declines significantly in August 2014. The respective indicator has lost 18.5 points and now stands at 8.6 points (long-term average: 24.6 points). Decreasing for…
Top 6 Economic Reports for the Week Ahead
ThinkstockAs we enter mid-August, the economic calendar still has some important reports on deck for the week ahead. 24/7 Wall St. has created a brief preview for the top economic events on deck this…
Student Debt Woes in America Have Surpassed Startling Levels
The recent Report on the Economic Well-Being of U.S. Households from the Federal Reserve Board showed some startling facts about America. The worst was that one-third of American households were still worse off than they…
U.S. Workers in Line for Bigger Paychecks
ThinkstockA stronger U.S. economy and a growing demand for employees are being joined by another trend according to the latest survey from Mercer. Pay raises are getting larger, if only modestly. Mercer, a subsidiary…
Wholesale Inventories Rise Less Than Expected in June, May Revised Lower Too
The last economic report for Friday was the Wholesale Inventories reading for June. It turns out that inventories rose by only 0.3% for the month. Bloomberg and Dow Jones both had the consensus estimate…
Unit Labor Costs and Productivity Very Mixed, With Crazy Revisions
ThinkstockEconomists and market watchers want to know if labor costs are truly rising or not. After all, there has been very mixed data. Now a report on second quarter non-farm productivity and unit labor costs…
China July Trade Surplus–The Official Announcement
General Customs Administration reported today. Reuters said: Exports in July jumped 14.5 percent from a year earlier – the fastest pace in 15 months, the General Administration of Customs said on Friday, doubling from…
The Next Crisis: People Don’t Know How to Pay for Retirement Expenses!
ThinkstockIt is of no surprise that the Great Recession had an impact on the retirement plans of many Americans. What is a shock though is just by how much. A component in the Federal…