Monthly Archives: January 2019

Best Wage and Benefit Rise in 11 Years

Financial FAQs MarketWatch.com Workers’ wages and benefits are finally rising at a decent clip from being fully employed, said the Labor Department. Total compensation, including health and pension benefits, rose in 2018 2.9 percent, up from 2.8 percent in 2017. … Continue reading

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It’s the Consumer, Stupid

Answering the Kennedys Call—Part II New York Times’ economic writer Neil Irwin in a recent Op-ed is not seeing a very robust future for global economic growth. “…what the last few months have made clear is that the forces that … Continue reading

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What is a Living Wage?

Answering the Kennedys Call The Washington Post published a recent interview with new Democratic House Member Alexandria Octavia-Cortez in which she said, “I think it’s wrong that a vast majority of the country doesn’t make a living wage, I think … Continue reading

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What Happened to Consumers’ Confidence?

Financial FAQs http://www.sca.isr.umich.edu/ Consumer sentiment declined in early January to its lowest level since Trump was elected, reported the December U. of Michigan sentiment survey. It’s down for a number of reasons—too many reasons, and economists are consequently beginning to … Continue reading

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What’s Behind Brexit and the Politics of Fiscal Austerity?

Popular Economics Weekly https://www.washingtonpost.com The case can now be made that Briton’s vote to leave the EU was because of wrong-headed fiscal policies in the aftermath of the Great Recession. The housing bubble affected Europeans almost as much as Americans … Continue reading

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Why Falling Home Sales?

The Mortgage Corner Econoday.com Total existing-home sales, https://www.nar.realtor/existing-home-completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.4 percent from November to a seasonally adjusted rate of 4.99 million in December. Sales are now down 10.3 percent from a … Continue reading

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A Week of Conflicting Growth Signals

Popular Economics Weekly Econoday How do we reconcile the fact that industrial production in 2018 was very good, probably due to producers stocking up before more new tariffs are announced, and consumer sentiment has plunged to a 2-year low because … Continue reading

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Is There Too Little Inflation?

Financial FAQs The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November, the U.S. Bureau of Labor Statistics reported Friday. Over the last 12 months, the … Continue reading

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America’s Immigration Problem

Popular Economics Weekly CalculatedRiskBlog The Calculated Risk graph says it best in the Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS). There are still about one million more job openings (yellow line) than hires (blue line). There have … Continue reading

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A Gangbusters December Employment Report

Popular Economics Weekly MarketWatch.com Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, … Continue reading

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