Total Compensation Cost per Hour: Public vs. Private
Public Debt Foreign Domestic China
Weekly Economic Update June 7-11
Overview: Consumer credit rose $1.0 billion to $2.44 trillion in April. The U.S. trade deficit widened 0.8% to $40.3 billion in April. Retail sales fell 1.2% in May. The U.S. Treasury recorded a deficit of $135.9 billion in May. Business inventories were up 0.4% in April. Initial jobless claims ...
Weekly Economic Update: May 31 - June 4
Overview: The economy added 431,000 jobs in May as the unemployment rate edged down to 9.7%. Productivity growth for Q1 was revised to 2.8%. The ISM index fell 0.7 point to 59.7 in May. The ISM services index was unchanged at 55.4 in May. Auto sales rose 3.8% to an annual pace of 11.64 million u...
Weekly Economic Update: May 24-28
2015: Downgrade Day -- Avoiding Europe’s Fate
Contrary to popular perception, the United States is not immune from a sovereign debt crisis like that currently roiling Greece and other European countries. Indeed, as Joint Economic Committee Republicans explain in a new staff commentary, “Downgrade Day” for America may occur as soon as 2015,...
The Euro's False Premises for Sustainable Economic Growth
Weekly Economic Update: May 17-21
Overview: Both the topline consumer price index and producer price index fell 0.1% in April. The core CPI was unchanged while the core PPI rose 0.2%. Building permits fell 11.5% in April. Housing starts rose 5.8% in April. Stock markets declined sharply, with the Dow falling 4.5% for the week, wh...
Unwinding Obamacare (Part II) – CLASS Act Gimmick
Weekly Economic Update: May 10-14
Overview: The U.S. trade balance widened 2.5% to $40.4 billion in March. The U.S. Treasury recorded a deficit of $82.7 billion in April. Retail sales rose 0.4% in April. Industrial production was up 0.8% in April. Business inventories rose 0.4% in March. Initial jobless claims fell by 4,000 to ...
