The virtuous economic cycle of the post-war decades helped create a large group of households that were able to attain the “American Dream” and became part of what we now think of as the middle class. Today, defining the middle is a bit of a muddled mess.
Read More
We interrupt your gas pump happy dance with rotten news: Inflation, as measured by the headline Consumer Price Index showed that in August, prices were up 8.3 percent from a year ago.
Read More
The post-COVID labor market recovery is like this summer’s weather: SCORCHING.
Read More
Whether or not NBER officially makes the recession call, it’s becoming obvious that a slowdown has begun.
Read More
Despite the hand wringing over a coming recession and sentiment levels dropping to all-time lows, the June employment report showed that the U.S. economy is alive and well.
Read More
Members of the college class of 2022 may not consider themselves lucky. After all, COVID-19 robbed many of them of the complete college experience. Perhaps their reward is to graduate in one the hottest job markets in decades.
Read More
On Friday, the bear came out and started roaring, but by the end of the day, he had retreated to his cave, perhaps using the weekend to rest up and come out again.
Read More
On the day that the Federal Reserve raised interest rates by a half of a percentage point, stocks shot up by about 3 percent. A mere 12 hours later, the party was over.
Read More
Just over a year ago, hopes were high for a post-pandemic surge in activity, encouraging economists and bullish investors to wager that the U.S. economy was entering a new Roaring Twenties.
Read More