Daily Economy
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First Quarter Real GDP Revised Higher While Consumer Sentiment Holds at a High Level
Revisions to first quarter real GDP show the economy expanded at a 1.2 percent annual rate compared to the initial estimate of 0.7 percent. The major contributors to the upward revision were consumer spending, business investment, and government.
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The Broad Economy Showed Strength in April Though Housing Weakened
The Chicago Fed’s National Activity Index, a weighted average of 85 economic indicators, rose to 0.49 in April following a 0.07 reading in March. For this index, zero represents trend growth in the economy with positive numbers suggesting above-trend growth and negative numbers implying below-trend growth. Using a six-month moving average to smooth out the…
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John Dewey’s Ideas Alive Today at AIER
As AIER founder Colonel E. C. Harwood was a fan of John Dewey’s constructivist approach, I decided to reflect on how our education programming continues to be grounded in real experience.
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Delinquency Rates Rise For Student Loans, Credit Cards, and Auto Loans
A new report on debt and credit shows that in the first quarter of 2017, household debt just surpassed the previous peak of $12.7 trillion, seen during the Great Recession. Rising debt levels may become a problem. From the first quarter of 2009 to mid-2013, consumers paid down debt. Since mid-2013, households have taken on…
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Broad Gains in Industrial Production Strengthen a Positive Outlook
Industrial production jumped 1.0 percent in April, the largest monthly gain since February 2014. Over the past year, industrial production is up 2.2 percent, the best growth since the year ending in January 2015. Those gains helped push capacity utilization up 0.6 percentage points to 76.7, the highest since August 2015.
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Teachers Overwhelmingly Satisfied with the Field Test
As part of our evaluation of the impact of AIER’s Teach-the-Teachers Initiative, we analyze the results of a classroom field test. Based on the evidence collected through the follow-up process, we are confident that the teachers are mastering the subject matter and the pedagogy for presenting it to students.
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•
First Quarter Real GDP Revised Higher While Consumer Sentiment Holds at a High Level
Revisions to first quarter real GDP show the economy expanded at a 1.2 percent annual rate compared to the initial estimate of 0.7 percent. The major contributors to the upward revision were consumer spending, business investment, and government.
-
•
The Broad Economy Showed Strength in April Though Housing Weakened
The Chicago Fed’s National Activity Index, a weighted average of 85 economic indicators, rose to 0.49 in April following a 0.07 reading in March. For this index, zero represents trend growth in the economy with positive numbers suggesting above-trend growth and negative numbers implying below-trend growth. Using a six-month moving average to smooth out the…
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•
John Dewey’s Ideas Alive Today at AIER
As AIER founder Colonel E. C. Harwood was a fan of John Dewey’s constructivist approach, I decided to reflect on how our education programming continues to be grounded in real experience.
-
•
Delinquency Rates Rise For Student Loans, Credit Cards, and Auto Loans
A new report on debt and credit shows that in the first quarter of 2017, household debt just surpassed the previous peak of $12.7 trillion, seen during the Great Recession. Rising debt levels may become a problem. From the first quarter of 2009 to mid-2013, consumers paid down debt. Since mid-2013, households have taken on…
-
•
Broad Gains in Industrial Production Strengthen a Positive Outlook
Industrial production jumped 1.0 percent in April, the largest monthly gain since February 2014. Over the past year, industrial production is up 2.2 percent, the best growth since the year ending in January 2015. Those gains helped push capacity utilization up 0.6 percentage points to 76.7, the highest since August 2015.
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•
Teachers Overwhelmingly Satisfied with the Field Test
As part of our evaluation of the impact of AIER’s Teach-the-Teachers Initiative, we analyze the results of a classroom field test. Based on the evidence collected through the follow-up process, we are confident that the teachers are mastering the subject matter and the pedagogy for presenting it to students.