Category Archives: Macro Economics

What Future Job Growth?

Financial FAQs Calculated Risk The Job Openings and Labor Turnover Survey (JOLTS) put out by the Labor Department (BLS) probably only makes sense to economists, because it gives a picture of the job market in coming months, as well as … Continue reading

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Job Losses Still Too High

Popular Economics Weekly St.LouisFRED The U.S. economy is recovering very slowly, in part because the number filing for first-time unemployment benefits is still too high (see above graph). Why? Businesses are still shedding workers because the COVID-19 pandemic is not … Continue reading

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The Recession Has Arrived, No Big Surprise!

Financial FAQs The Dow plunged 1,862 points on Thursday, as the Business Cycle Dating Committee of the National Bureau of Economic Research, which maintains a chronology of the peaks and troughs in economic activity in the United States, had just … Continue reading

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Why Has U.S. Made Such a Mess of It?

Popular Economics Weekly Wrightson.com Private sector employment decreased by – 2,760,000 jobs from April to May according to the May ADP National Employment Report®, much less than the original estimate of –8 million jobs. It precedes Friday’s official government unemployment … Continue reading

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What Letter Will Describe This Pandemic?

Popular Economics Weekly Conference-board.org The Conference Board’s consumer confidence survey should help to predict the shape of this economic recovery from COVID-19. It’s shape will mirror the degree of “uncertainty” felt by consumers. In the words of Lynn Franco, Senior … Continue reading

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Government Was Never the Problem

Popular Economics Weekly MarketWatch.com President Reagan’s all-encompassing campaign slogan that “government is the problem” was never the problem. But competent governance has been a problem; in as much as incompetent leaders have been the problem dogging any degree of prosperity … Continue reading

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U.S. Loses 701,000 Jobs in March

Financial FAQs MarketWatch Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) … Continue reading

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The Coronavirus—A New World War

Popular Economics Weekly Conference Board Nobel laureate Paul Krugman has said it might take an alien invasion to bring Americans together again to counter the threat of another economic downturn possibly as great as the Great Depression. Well, the new … Continue reading

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Disaster Preparation—Why Irrational Exuberance?

Popular Economics Weekly WTI Crude Oil Stock and bond prices are gyrating when the world economy doesn’t seem to know what to make of China’s coronavirus that has now spread to some 23 countries, according to latest reports. And that … Continue reading

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Why Our Endless Tariff Wars?

Popular Economics Weekly Wrightson-ICAP POTUS and the Trump administration can’t end their trade wars, although House Speaker Nancy Pelosi just announced they had reached agreement with Republicans on a new NAFTA accord with Canada and Mexico—now called the USMCA, or … Continue reading

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