Growth Articles

Lots of Jobs, Except for the Young

12:00 AM, Nov 07, 2015

Lift-off. That’s the conclusion to which observers jumped when the government announced on Friday that the economy added 271,000 jobs in October. And that the August and September figures have been revised upward by 12,000. And that the unemployment rate fell to 5 percent. And that discouraged workers and those looking for fuller-time jobs fell to 9.8 percent of the work force, the lowest level since May 2008. And that average hourly earnings in the private sector were up by 2.5 percent from October of last year, the strongest reading since July 2009.

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Will the Economists Who Liked Hillary Now Turn Against Her?

4:14 PM, Oct 13, 2015

Greg Mankiw, professor of economics at Harvard, has posed an interesting question on his blog.

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How Hillary Just Made Obama's Job a Lot Harder

11:00 PM, Oct 09, 2015

Strange as it may seem, Barack Obama has much in common with the storied matchmaker of Jewish legend. This Polish entrepreneur announced to the poverty-stricken rabbi of a poverty-stricken Polish town that she had found a match for his even more poverty stricken, unattractive son – no less than the queen of England. The Rabbi refused to consent to the match on the grounds that the queen was not Jewish.

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Of Course They’re Fed Up

The left blames economic woes on everything except its hero president.
Sep 14, 2015

Two weekends ago, the Federal Reserve Bank of Kansas City held its annual monetary conference in Jackson Hole, Wyoming. The left flew in hundreds of protesters donning green T-shirts that demanded “Higher Wages for America” and chanting, “We’re Fed Up.” The crowd was an assortment of college kids on their summer break, disgruntled middle-aged teachers, senior citizens, and blue-collar union members. Think Occupy Wall Street.

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Walker's Agenda: 'Reform, Growth, Safety'

8:46 PM, Jul 13, 2015

Wisconsin governor Scott Walker entered the Republican presidential race Monday in a forward-looking announcement speech that touched upon conservative principles that have guided his work in the state. 

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Uber Promotes 'Senior Mobility' on Same Day Hillary Attacks Company

2:57 PM, Jul 13, 2015

Hillary Clinton outlined her economic agenda today at the New School in Manhattan, and attacked Uber.

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Not Working

9:14 AM, Jul 09, 2015

First time claims for unemployment spiked last week.  As Bloomberg reports:

Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, a Labor Department report showed today in Washington. The median forecast of economists surveyed by Bloomberg projected claims of 275,000.


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Confidence? Not So Much

3:39 PM, Jul 07, 2015
Rebecca Shabad of The Hill reports:Economic confidence has been holding at a seven-month low, according to a survey released by Gallup on Tuesday. The Economic Confidence Index averaged -8 in June, which Gallup said is statistically tied with May’s -7 reading.And:
Gallup’s latest figures are keeping the index at the lowest monthly reading since November.And, one needs to keep in mind that these findings do not reflect consumer reaction to the news from Greece which finally did run out of other people’s money and China where the stock market is cratering with losses measuring in the trillions.So it is not encouraging that:In June, 42 percent of people said the economy is getting better and just over half Read more

Reasons for Cheer and Fear on the Fourth

11:01 PM, Jul 03, 2015

Parades, fireworks, patriotic songs, 150 million hot dogs consumed, 41 million car trips of more than 50 miles -- and heightened security in reaction to Islamist terrorist threats to disrupt our celebration with murder and mayhem as part of their celebration of their holy month of Ramadan. That’s all part of the celebration of our independence from Britain, which at that time specialized in governing us by executive fiat.

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June Jobs: Good, not Great

10:18 AM, Jul 02, 2015

Bloomberg reports that:

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The Future of Debt

3:28 PM, Jun 17, 2015

The subject of debt – how much and how tolerable – slipped into the shadows for a time. But yesterday, it reappeared. As Rebecca Shabad of the Hill reports:

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WH Celebrates Jobs Report: 'Strongest Month of the Year So Far'

9:40 AM, Jun 05, 2015

The White House is celebrating the most recent jobs numbers. 

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Unemployment Rate Ticks Up to 5.5%; 280,000 Jobs Added

7:42 AM, Jun 05, 2015

The latest jobs report from the Bureau of Labor Statistics shows the unemployment rate ticking up to 5.5 percent and that the economy added 280,000 jobs:

Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline.

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Growing Slowly, Very Slowly

4:59 PM, Jun 03, 2015

Bloomberg reports that

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Factory Orders: Where's the Bounce?

9:37 AM, Jun 02, 2015

That negative 1st quarter GDP has been widely passed off as the effect of a particularly severe winter.  Things, we were assured, were not that bad and would be getting better as the weather warmed.  Well, not so fast.  The Commerce Department came out this morning with a report on factory orders that was supposed to be in positive territory.

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The Everyday Economy

7:20 AM, May 22, 2015

Michelle Jamrisko at Bloomberg writes:

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Got Those Cold-Weather Economic Blues

4:09 PM, Apr 30, 2015

After yesterday’s disappointing GDP number (it grew by a meager .2% in the last quarter) we got this from Jason Furman, chairman of the White House Council of Economic Advisors:

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Kerry: Nations Prosper When 'Citizens Have Faith in Their Governments'

6:14 AM, Apr 22, 2015

Speaking Tuesday at the 45th Annual Washington Conference of the Council of the Americas, Secretary of State John Kerry said that "countries are far more likely to advance economically and socially when citizens have faith in their governments and are able to rely on them for justice and equal treatment under the law." Kerry said that a "new kind of relationship" with Latin American countries, emphasizing democracy and human rights, will contribute to "our common ag

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The Economy: Up? Down? Who Knows?

2:34 PM, Mar 31, 2015

From CNBC, discouraging news that:

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The Slow-Grow Economy

10:12 AM, Mar 27, 2015

Bloomberg reports that:

The U.S. economy expanded at 2.2 percent annualized pace in the fourth quarter, led by the biggest gain in consumer spending in eight years.

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Soft Durables

2:21 PM, Mar 25, 2015

Bloomberg reports that:

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Gleanings and Observations

8:50 AM, Mar 25, 2015

Water, Water Everywhere

And in some places in drought-ravished California even where it proves an embarrassment.

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Consumers Disappoint

10:04 AM, Mar 19, 2015

Bloomberg reports that:

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The Economy: Mixed Signals

12:47 PM, Mar 12, 2015

First time claims fell, as Reuters reports, by:

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Notes and Observations

3:14 PM, Mar 02, 2015

Sometimes, anecdote is more revealing than data. A few days’ gleanings:

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Consumer Spending Down

12:14 PM, Mar 02, 2015

Kate Davidson of the Wall Street Journal reports that:

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First Time Claims; Up: Inflation, Down

11:36 AM, Feb 26, 2015

The recovery may be slowing and the end of the Fed’s QE efforts receding further into the future.

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Economic Indicators

9:38 AM, Feb 25, 2015

The Obama administration’s line on the economy appears to be that it has finally turned the corner and things are truly humming.  And maybe so.  But there are signs of trouble amid all the good cheer.

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Growth Versus Equality

Striking the right balance.
Feb 09, 2015

President Obama can’t run again, as he noted in the State of the Union last month, but he sought to use his address to set the tone for the 2016 campaign. His repeated references to “middle-class economics” were tactful code, speaking in front of a Republican-controlled Congress, for that perennial Democratic favorite, the inequality debate.

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The Oil Effect

12:01 AM, Feb 07, 2015

We should “stop thinking about the economy as being in a perpetual crisis” commented Charles Plosser, President of the Federal Reserve Bank of Philadelphia, after the government announced on Friday that the private sector added 267,000 jobs in January, and that upward revisions to November and December data brought total job creation in 2014 to over three million.

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