Tag Archives: consumer spending

Minimum Wage Raises Should Boost Employment, Spending

Financial FAQs Minimum wages are about to rise in several cities, and eventually states. San Francisco and Los Angeles minimums rose last weekend to $14 and $12 per hour, respectively, and ultimately to $15 per hour by 2021. But Seattle, … Continue reading

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This is A Goldilocks Economy!

Financial fAQs Economists have debated just what ideal economic growth should be, but the Federal Reserve does it for us. The Fed defines ideal growth as when we are at full employment with moderate inflation, inflation that says an economy … Continue reading

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April Employment Up, Q1 Consumer Spending Weak

Financial FAQs Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate fell to 4.4 percent from 4.5 percent in March, reported the U.S. Bureau of Labor Statistics today. Job gains occurred in leisure and hospitality, health … Continue reading

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Consumer Spending Down, Recession Looms?

Popular Economics Weekly Wow! First-quarter GDP was paltry enough at 0.7 percent but consumer spending was even more paltry, at only 0.3 percent for the most embarrassing annualized pace since 2009. Unemployment is unusually low and consumer confidence unusually high … Continue reading

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Slow Q1 GDP Growth Means What?

Financial FAQs Real gross domestic product (GDP) increased at an annual rate of 0.7 percent in the first quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, real … Continue reading

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2017 Manufacturing Off To Good Start

Popular Economics Weekly What is happening with manufacturing? The ISM manufacturing index jumped 1.7 points in February to a 57.7 level that beats the consensus by 1.3 points. This is the strongest rate of monthly growth in composite activity since … Continue reading

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Slower Q4 Growth, (But) Higher Consumer Confidence

Financial FAQs The growth in the U.S. economy in the final quarter of Barack Obama‚Äôs presidency was left at 1.9 percent, held down by a bigger trade deficit even as consumer spending rebounded strongly. In fact, Q4 GDP growth slowed … Continue reading

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