Daily Economy
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The Sluggish Expansion Continues
The United States economy continues to expand, although its pace is well below the long-term average, according to the new edition of Business Conditions Monthly, out today from the American Institute for Economic Research.
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Hillary Clinton and Donald Trump on Small Business
Politicians love to talk about small business, but often use the topic for a quick photo op and feel-good story about the economy. However, both major presidential candidates are proposing policies that are highly relevant to small business owners. Hillary Clinton focuses on “leveling the playing field” between small and large businesses, while Donald Trump…
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Americans Are Increasing Their Credit Usage
Amid some conflicting economic signals, Americans are still showing an increasing willingness to expand their credit use. This may be a sign that despite flagging business investment and moderate growth in the jobs market, consumers remain confident in their personal financial situations.
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The Hazy Link Between Elections and Recessions
Do recessions often follow elections? That’s the suggestion from this interesting piece in The Wall Street Journal by Josh Zumbrun earlier this week.
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Income Inequality: Where Denmark Falls Short
Denmark appears to promote mobility by effectively educating disadvantaged youth, but the United States has stronger incentives for continued education.
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Labor Market Continues to Tighten
These data suggest the labor market may be quite tight. This would also suggest support for better wage growth, as employers bid up wages to lure the best candidates to fill open jobs.
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Money School: Successful Second Year
AIER’s Money School continues to improve the financial literacy of women in the Berkshires who have been affected by domestic or sexual violence. The Elizabeth Freeman Center, our longstanding Money School partner, presented the second year of the program.
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Sobering Signs in the Jobs Report
With job losses in the most demand-sensitive sectors and subdued jobs growth overall, the improvement in the labor market appears to be proceeding only slowly. Such an environment does not provide strong reasons for the Federal Reserve to raise interest rates when the Fed officials meet later this month.
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Manufacturing Sector Took a Turn for the Worse in August
Yesterday we noted the weaker reading from the Chicago Purchasing Managers’ Index data on manufacturing activity in the Chicago area. This tends to foreshadow the state of the national manufacturing sector. The Chicago report turned out to be a good predictor of the national manufacturing index released today by the Institute for Supply Management.
-
•
The Sluggish Expansion Continues
The United States economy continues to expand, although its pace is well below the long-term average, according to the new edition of Business Conditions Monthly, out today from the American Institute for Economic Research.
-
•
Hillary Clinton and Donald Trump on Small Business
Politicians love to talk about small business, but often use the topic for a quick photo op and feel-good story about the economy. However, both major presidential candidates are proposing policies that are highly relevant to small business owners. Hillary Clinton focuses on “leveling the playing field” between small and large businesses, while Donald Trump…
-
•
Americans Are Increasing Their Credit Usage
Amid some conflicting economic signals, Americans are still showing an increasing willingness to expand their credit use. This may be a sign that despite flagging business investment and moderate growth in the jobs market, consumers remain confident in their personal financial situations.
-
•
The Hazy Link Between Elections and Recessions
Do recessions often follow elections? That’s the suggestion from this interesting piece in The Wall Street Journal by Josh Zumbrun earlier this week.
-
•
Income Inequality: Where Denmark Falls Short
Denmark appears to promote mobility by effectively educating disadvantaged youth, but the United States has stronger incentives for continued education.
-
•
Labor Market Continues to Tighten
These data suggest the labor market may be quite tight. This would also suggest support for better wage growth, as employers bid up wages to lure the best candidates to fill open jobs.
-
•
Money School: Successful Second Year
AIER’s Money School continues to improve the financial literacy of women in the Berkshires who have been affected by domestic or sexual violence. The Elizabeth Freeman Center, our longstanding Money School partner, presented the second year of the program.
-
•
Sobering Signs in the Jobs Report
With job losses in the most demand-sensitive sectors and subdued jobs growth overall, the improvement in the labor market appears to be proceeding only slowly. Such an environment does not provide strong reasons for the Federal Reserve to raise interest rates when the Fed officials meet later this month.
-
•
Manufacturing Sector Took a Turn for the Worse in August
Yesterday we noted the weaker reading from the Chicago Purchasing Managers’ Index data on manufacturing activity in the Chicago area. This tends to foreshadow the state of the national manufacturing sector. The Chicago report turned out to be a good predictor of the national manufacturing index released today by the Institute for Supply Management.