Economy

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ADP Foreshadows Strong Payrolls Gain From Labor Department

ThinkstockADP private sector payrolls data was one of the key metrics we were looking for ahead of Friday’s key unemployment and payrolls reports. It is a large gain, but perhaps not quite as robust…

Jon C. Ogg · 12 years ago

ISM Manufacturing Supports All-Time Highs on S&P 500, Maybe DJIA Too

ThinkstockThe March Manufacturing ISM Report on Business shows that the Purchasing Managers Index (PMI) came in at 53.7%. Growth was reported in New Orders, Employment, Production and Inventories subcomponents. Supplier deliveries slowed in March.…

Jon C. Ogg · 12 years ago

U.S. Companies Park $947 Billion Offshore

ThinkstockWhen the S&P 500 index rises more than 25% in a year, you have to figure that some of the largest U.S. corporations are doing pretty well. And you would be right. The cash…

Paul Ausick · 12 years ago

Yellen Speech: Backing Away From Rate Hike Timeline

ThinkstockJanet Yellen is still in her getting to know you phase of her tenure as Fed chairman. After spooking the markets at the last FOMC meeting on the timing of when interest rates will…

Jon C. Ogg · 12 years ago

How Student Loans Are a Big Drag on the Economy

ThinkstockWhile carrying some student loan debt may be inevitable, higher and higher balances can strain finances for a decade or more. About 37 million Americans now owe more than $1 trillion on their student…

cgblaine22 · 12 years ago

Unemployment Continues to Cripple Four States

ThinkstockUnemployment in the United States dropped to 6.7% in February, well below the 10% level it reached at the worst of the Great Recession. While the figure is not as low as economist would…

Douglas A. McIntyre · 12 years ago

High Lime Prices Kill Celebrations

ThinkstockThere are at least two stories about the skyrocketing cost of limes: one is a poor harvest in Mexico, and the other is the mob. The growers and the government want you to believe…

Paul Ausick · 12 years ago

Personal Income and Spending Rise Handily

ThinkstockWe now have the report for personal income and spending for the month of February. This data is now effectively a month old, so we were only expecting the news to move markets if…

Jon C. Ogg · 12 years ago

Ukraine’s Economy by the Numbers

By International Monetary Fund , via Wikimedia CommonsThe International Monetary Fund will lend the financially crippled Ukraine government a loan between $14 billion and $18 billion. The package at least partially replaces a loan…

Douglas A. McIntyre · 12 years ago

Connecticut May Be First to Adopt $10.10 Minimum Wage

ThinkstockIf everything goes as expected, the state of Connecticut will become the first state to enact legislation raising the state’s minimum wage to $10.10 an hour, in line with President Obama’s proposed national increase…

Paul Ausick · 12 years ago

U.S. Economic Expansion to Quicken in 2014

ThinkstockThe unusually cold and snowy weather that persisted through the first months of 2014 is likely to trim 0.4% from U.S. real GDP growth in the first quarter. But things will get better for…

Paul Ausick · 12 years ago

The 10 Best Part-Time Jobs

ThinkstockThe government calls them “people who are employed part time for economic reasons.” In other words, these people want full-time jobs, but cannot get them. More than seven million Americans fell into the category…

Douglas A. McIntyre · 12 years ago

The Five Cities Most Confident About U.S. Economy

ThinkstockAmerican’s views of the U.S. economy cannot be measured as uniform. Income and job prospects vary from region to region and from income group to income group. Younger people continue to have more trouble…

Douglas A. McIntyre · 12 years ago