July 2017 Jobs Review
The Bureau of Labor Statistics (BLS) reports a 209,000 gain in nonfarm payroll jobs, of which 205,000 were in the private sector.
The Rise in Opioid Overdose Deaths
Our physical and mental health reflects the health of our relationships with others. Studies show that social networks influence the behavior of their members, affecting whether they are obese or fit, happy or sad. The stark fact is that socially isolated people and others without social support die...
Weekly Economic Update: July 31 – August 4, 2017
This week's Chart of the Week provides a summary of how the Fed's balance sheet normalization will work, assuming it starts in October.
GDP Review (Second Quarter 2017)
The Bureau of Economic Analysis (BEA) reported that real gross domestic product (RGDP) grew at a 2.6% annual rate in the second quarter of 2017. This compares to 1.2% for the previous quarter, and 1.8%, 2.8%, and 2.2% in the fourth, third, and second quarters of 2016, respectively. Nominal GDP (NGD...
July FOMC Review
The Federal Reserve’s Federal Open Market Committee (FOMC) held the federal funds rate target range at 1.00-1.25%. The Fed sets monetary policy to satisfy its dual mandate to maximize employment and maintain price stability.
Weekly Economic Update: July 24 – July 28, 2017
The Chart of the Week shows the estimated U.S. real GDP had U.S. employment recovered as fast as the United Kingdom using the U.K.'s employment index.
June State Employment Reports
The Joint Economic Committee today released their state employment updates for the month of June. These detailed reports give a glimpse into the economic situation of every state.
5 Takeaways from the Social Security and Medicare Trustees Report
Social Security will have to cut benefits by 23 percent. Social Security’s trust fund is actually two legally separate funds, the Old-Age and Survivors Insurance (OASI) program and the Disability Insurance (DI) program. Considering the two funds hypothetically as combined, the Old-Age, Survivors, an...
Weekly Economic Update: July 17 – July 21, 2017
The Weekly Economic Update's Chart of the Week displays the comparative employment ratios between the United Kingdom and the United States. The employment index in the United States fe;ll further during and recovered more slowly after the recession.
How Obamacare Tax Hikes Hurt Low- and Middle-Income Americans
In spite of President Obama’s promise not to raise taxes on the middle class, Obamacare’s $1 trillion in tax hikes hurt those least able to afford the burden.
