Good Census news reveals tale of two economies
In 2015, median household income rose 5.2% when adjusted for inflation from 2014. But all the income gains, the Census data show, came in cities and suburbs and none flowed to rural areas.
Fourth quarter GDP revised upwards but does it matter?
New figures from the Commerce Department released today, March 25, show that the U.S. economy grew at a 3.1% annual rate in the fourth quarter of 2010. Nice to have, I guess, but so much has changed for the U.S. economy since the end of 2010 that I don’t know that an upward revision in fourth quarter U.S. GDP growth means much of anything.
Is U.S. economic growth showing signs of slowing?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Core U.S. inflation accelerates to normal
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...GDP data for the holidays–nobody’s looking for a lump of coal
Wednesday brings what’s called the final revision of third quarter U.S. GDP growth estimates. The previous estimate came in at 2.5% growth, itself an increase from the first estimate. Economists project that Wednesday’s revision will bring the growth rate up to 2.8%.
Last week ended with strong economic data–will stocks build on it this week?
Another number that points to stronger than expected U.S. economic growth: U.S. exports rose 3.2% in October to $159 billion, according to data released on Friday, December 10.
How long does the U.S. have to get its financial house in order? History says longer than you think but not forever
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wall Street scoring: A 0.5 percentage point boost in growth from $1 trillion in new debt
Wall Street economists estimate that the proposed deal between the Obama administation and Congressional Republicans would add something like 0.3 to 0.5 percentage points to real U.S. economic growth in 2011
A hugely disappointing jobs number leaves stocks unflustered
After way better than expected retail sales and pending home sales numbers, and an optimistic employment survey from ADP, the Bureau of Labor Statistic announced this morning that the economy added only 39,000 nonfarm jobs in November. That was a huge drop from the 172,000 increase in October and way short of the 130,000 expected by economists.