Category Archives: Economy

Manufacturing, Service Sector Growth Prolong Recovery

Financial FAQs FREDmanufacturing U.S. manufacturing and service sector activity continued to climb, despite the price hikes and supply bottlenecks. And we are just at the beginning of the holiday shopping season. Both economic sectors per the ISM supply managers’ indexes … Continue reading →

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JOLTS Report Shows Improved Jobs Market

Financial FAQs Calculated Risk Job openings are plentiful as ever in the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report for September. It gives the best picture of job growth, better than last Friday’s punk unemployment report (with … Continue reading →

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Why So Few Jobs?

Popular Economics Weekly NPR.org Is hiring cooling off with the cooler weather? We really don’t know, in spite of the punk employment numbers. Economists don’t agree on why employers added just 194,000 jobs in September, according to the Labor Department’s … Continue reading →

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Why Have a Debt Ceiling Debate?

Financial FAQs FREDdebtgdp We might have just been saved from an immediate default on the national debt with all of its consequences. Senate Minority Leader Mitch McConnell late on Wednesday made a new offer to the Democratic-run Senate as lawmakers … Continue reading →

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U.S. Manufacturing Output Surging

Financial FAQs FREDmanuoutput Growth in the U.S. manufacturing sector is exploding, according to the Institute for Supply Managers Report on Business. Output is up 17 percent in Q2 2021 YoY. It is a great sign of overall economic growth for … Continue reading →

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What Happened to the Civil War?

Answering Kennedy’s Call NPR.org Removal of the largest Robert E. Lee statue from its prominent place in central Richmond, Virginia is a sign of the times. We are no longer fighting what has been called a ‘cold’ civil war. Not the majority … Continue reading →

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Why So Much Income Inequality?

Answering Kennedy’s Call FREDcpi President Biden hopes to pass the largest piece of social legislation since the New Deal with his upcoming $3.5 trillion social infrastructure bill. But he is finding lots of opposition to such public spending. The NY … Continue reading →

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Strong Retail Sales Show Good Q3 Growth

Popular Economics Weekly FRED/Calculated Risk Retail and Food service sales, ex-gasoline, increased 0.7 percent in a month, and 15.1 percent above August 2020, per the US Census Bureau estimate, which is a sign that economic growth isn’t faltering due to … Continue reading →

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What is Real Inflation?

Financial FAQs FREDcpi “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 … Continue reading →

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Where are the Job Openings?

Popular Economics Weekly Calculated Risk The number of job openings increased to a series high of 10.9 million on the last business day of July, the U.S. Bureau of Labor Statistics reported today. Job openings increased in several industries, with … Continue reading →

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