Economy Articles

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 Wages of Debt: Greece, Puerto Rico … Chicago

4:08 PM, Jul 01, 2015

One reads of the crisis in Greece.   And the one much closer to home in Puerto Rico.  The crisis, that is, that inevitably comes after spending too much and taking on more debt than it is possible even to service, much less pay down. One thinks of how unfortunate it is for the people who will now redeem with pain, the promises made by the politicians of previous generations.

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How Do You Say 'High Noon' in Greek?

3:19 PM, Jun 18, 2015

We have been hearing, for so long now, that the end is nigh in the crisis of the Greek economy that it is hard to take another such warning seriously.  The problem of Greece, like so many others, seems to have no end, no resolution and, even, no point. Unless, that is, you are a citizen of Greece. Then it is your life.

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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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The Economy Remains a 'Puzzlement'

11:01 PM, Jun 05, 2015

On Friday we learned that the U.S. economy surprised on the upside by adding 280,000 new jobs in May, and that 32,000 more jobs had been created in March and April than originally reported. The fact that economic growth is still sluggish, while more and more workers are finding jobs, suggests that productivity -- output per man-hour -- is slowing.

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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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How Europe Differs from America

11:00 PM, May 29, 2015

There is an important difference between European and American appetites, in addition to those for fast foods: risk taking. “Investments in Start-Ups Pick Up Pace,” reports the New York Times after surveying the high-tech financing scene here in America. “Europe Struggles to Foster a Startup Culture,” reports the Wall Street Journal. It seems that in contrast with “multiple rounds of fund-raising [in the U.S.] in months, rather than years,” Europeans are “valuing prudence … and leisure time over flamboyant risk-taking.”

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The Everyday Economy

7:20 AM, May 22, 2015

Michelle Jamrisko at Bloomberg writes:

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Help Wanted

2:09 PM, May 08, 2015

THE WEEKLY STANDARD has a full-time position available for a web producer with editorial skills and social media expertise. Duties will include assisting the online staff with editorial and production tasks across a variety of digital and social media platforms.

Candidates should send a cover letter and résumé to hr (at) weeklystandard (dot) com

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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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What Do You Mean Stalled?

12:41 PM, Apr 22, 2015

Jordan Fabian at The Hill reports that:

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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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De Blasio Not Ready to Endorse Former Boss Hillary Clinton

8:31 AM, Apr 12, 2015

Bill de Blasio ran Hillary Clinton's New York Senate race in 2000. But he's not yet ready to endorse his former boss for president of the United States. He made the comments this morning in an interview with NBC's Chuck Todd:

Todd asked, "Are you for her now, unequivocally, or do you want to wait to see if she takes your advice on moving to a more progressive agenda?"

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The Promise and the Peril of King Dollar

11:01 PM, Apr 10, 2015

The strong dollar, warns Larry Fink, CEO of BlackRock in a letter to be released to shareholders next week, “will lead to an erosion of confidence on the part of CEOs, with the potential to slow both investment decisions and future growth in the U.S.” When you manage almost $5 trillion in assets, and monitor perhaps twice that much for the U.S.

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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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How Chinese Regulatory Authorities Impose Protectionist Trade Policies

8:12 AM, Mar 30, 2015

While businesses across the globe scramble to exploit the potential opportunities to be found in a country with 1.3 billion consumers, operating in China comes with profound business risks as well.

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The U.S.-China Crossover

It probably won’t happen in our lifetimes.
Mar 30, 2015

After China supplanted Japan in 2011 as the world’s second-largest economy, some China scholars, as well as pundits and economists, began forecasting when it would supplant the United States as the largest. Extrapolating China’s remarkable 9-10 percent average annual growth in the prior three decades, these forecasters placed the GDP crossover in 2020. When China experienced a slowdown to 7-8 percent growth in 2012-2014, the crossover was deferred to 2024-2025.

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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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Worried About the Environment?

11:14 AM, Mar 25, 2015

Seems the answer, according to Gallup, is Not so much.

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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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