Wednesday, May 24, 2017

Biz

Biz
Our coverage of the economy focusing on consumer news, raw economic data, tax policy, trade policy and jobs. Click the links below to cut through the political spin - seeing real numbers for what they are and how they impact your life.
"NEW NORMAL" UPDATE ... The Federal Reserve released its annual "Report on the Economic Well-Being of American Households" late last week - a status check on life in the "New Normal" of anemic U.S. economic expansion. First, there was some good...
GOOD NEWS ... IF IT CAN TRANSLATE INTO PURCHASES ... The current state of the national economy is difficult to assess.  Employment growth is flat, broader economic growth is weak and there are some troubling consumer metrics to consider. Debate is also...
MORE ALARM BELLS ... America's consumer price index (CPI) - the leading measure of inflation - grew by just 0.2 percent during the month of April, according to data released this week by the U.S. Bureau of Labor Statistics (BLS). That's an...
GOOD NEWS, BAD NEWS ... The American economy created an estimated 211,000 new positions during the month of April, according to the latest data from the U.S. Bureau of Labor Statistics (BLS).  That monthly estimate beat expectations of 190,000 new jobs...
HOMEOWNERSHIP REMAINS LOW, RENT REMAINS HIGH ... America's homeownership rate clocked in at 63.6 percent during the first quarter of 2017, according to data released last week by the U.S. Census Bureau.  That's down 0.1 percent from the fourth quarter of last...
EMBARRASSING ECONOMIC "GROWTH ..." The American economy expanded at an embarrassingly low 0.7 percent clip during the first quarter of 2017.  That's according to the initial ("advance") estimate from the U.S. Bureau of Economic Analysis (BEA), which was released early Friday. Even...
CUE THE RECESSION ALARM ... The Atlanta Federal Reserve just released its final economic growth estimate for the first quarter of 2017 ... and it's not pretty. According to the bank, the American economy will expand at an embarrassingly low 0.2...

US Retail Down (Again)

TRUMPHORIA IS FADING ... The American retail economy contracted for the second straight month in March - sparking fears of recession and placing additional pressure on the administration of U.S. president Donald Trump. Overall sales declined by 0.2 percent last month.  Meanwhile February's...

The Other Big Debt(s)

RED INK RISING ... We write a lot about the national debt on this website. And with good reason. It's obscene, people.  Out of control. Currently, government's debt stands at nearly $20 trillion - and deficits (and interest on the debt)...
WEAK JOB GROWTH ... The American economy added an anemic 98,000 new jobs during the month of March, according to data released by the U.S. Bureau of Labor Statistics (BLS).  That's the lowest number of new positions added in a given...