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Everyone should have the benefit of a high school education in economics, but for students with learning disabilities, or students who use English as a second language, this is especially challenging.
READ MOREGrowth slowed down for new orders, business activity, employment and prices at service-oriented businesses in December, according to the ISM non-manufacturing survey, which was released this morning.
READ MOREAs the American economy rose from the ashes of the Great Recession, many older workers found themselves at a crossroads.
READ MOREA slowdown in a key manufacturing index is no cause for alarm amid other signs pointing to an economy that is gaining strength, says our senior research fellow Bob Hughes.
READ MOREWe were delighted to see CNET cite AIER’s research on wages in its story on Monday, as an increasing number of media make note of this institute’s work in that arena. CNET wrote about Microsoft CEO Satya Nadella’s pivot from his October gaffe to a new conversation about gender inequality in salaries.
READ MOREWe read with interest that an increasing number of young adults are “boomeranging” back to live with their parents, according to a new study by the Bureau of Labor Statistics. There are some real underlying economic – and sociological — factors that likely contribute to that phenomenon, said AIER’s senior research fellow, Polina Vlasenko.
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As a follow-up to the Summer 2014 Teach-the-Teachers Initiative (TTI), we continue to visit the participants’ classrooms and observe the implementation of lessons learned at AIER. On November 24, we observed a Spanish II class taught by Dan Bouvier, Foreign Language teacher, at the Monument Mountain High School in Great Barrington, MA. The class was conducted in Spanish.
READ MOREOne important area our economists will be watching in 2015 will be energy, after oil prices fell precipitously in the United States this year. Although shale discoveries have increased supplies here, the price drop happened in the context of shrinking demand amid a sluggish economy in many parts of the world. We will be paying close attention to the extent to which global demand recovers. The lower price of oil could decrease the willingness of oil producers in this country to make further investments, according to the forecast in AIER’s inaugural edition of the Business Conditions Monthly: “New technologies to produce oil and gas from shale rock or tar sands have led to some major shifts in global output. However, these new techniques and devices tend to be expensive, and may quickly shift from being economically feasible to unprofitable should prices continue to fall.” For an interesting look at this phenomenon, check out this article in The Economist from earlier this month, which suggests the burden of falling oil prices could fall on American shale producers. On Friday morning, amid increasing supplies in the United States, a barrel of light sweet crude oil was selling for $55.84, down from roughly $100 a year ago; Brent crude oil was selling for $60.24; it had been above $100 a year ago. Imports by Japan, whose economy was showing further weakness on Christmas, were down 17.3 percent in November from the same month a year earlier.
READ MOREConsumption smoothing is the idea is that when you’re younger and make less money, you spend beyond your means.
READ MOREIt should be a good year for the economy, our economists believe, and even the prospects of rising interest rates should not do much to dampen an overall trend of growth.
READ MOREAs 2014 drew to a close, American Institute for Economic Research (AIER) economists and analysts took a step back to put major economic and financial events of the past year in context.
READ MOREThe Everyday Price Index (EPI) decreased 1.2 percent in November. A decrease in energy prices offset an increase in the prices for prescription drugs and childcare.
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