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With the new batch of jobs numbers about to come out, a group of high school teachers last week gained a lesson in how that rate is calculated, so that they can teach it to their students.
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The U.S. economy posted strong job gains in July, adding 255,000 jobs, according to the report released this morning by the Bureau of Labor Statistics.
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Most of us have become familiar with the sun-drenched scenes of Cuba’s classic automotive transportation. The easing of relations with the United States could at long last herald changes in the fleet of cars on Cuban roads. Here is a little backstory on that history to propel us forward.
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AIER’s Teach-the-Teachers Initiative encourages teachers to integrate economic concepts into their classroom lessons. The final project of the program is the presentation of a lesson idea that was generated during the workshop. I am always amazed how creative the teachers are in their approaches to the lesson. The recent program held on July 11-13, 2016, at the Federal Reserve Bank of Chicago was no exception.
READ MOREBig and small businesses can learn to live side by side, our Max Gulker said at a recent edition of our Summer Speakers Series.
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In the second quarter of 2016 the economy’s output, as measured by the Gross Domestic Product, grew at an annual rate of 1.2 percent, according to the advanced estimate released this morning by the Bureau of Economic Analysis. This is somewhat faster than the growth posted in the first quarter of the year, but still below the average growth seen in the previous two years, which exceeded 2 percent.
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It is generally a reasonable approach to invest in passively managed index funds because research has shown that actively managed funds have not shown a consistent ability to beat their indexes. But you’ve got to pay attention to the fees.
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While the jobs market and consumer spending have showed renewed strength recently, the nation’s manufacturers continue to struggle.
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AIER’s Teach-the-Teachers Initiative continues its way around the country. We encourage teachers to incorporate economics into their classroom teaching plans, using creative methods that will inspire students to engage with the lesson.
READ MOREOne interesting feature of the U.S. labor market over the last few decades is the decline in geographic migration, a topic I discussed in AIER’s March Research Brief. This is occurring during a period where other types of labor-market mobility (such as job changes) are also decreasing. A natural supposition is that these trends are linked, and many observers believe that this lower mobility is a sign of a less flexible and dynamic U.S. economy, and thus, a big problem
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Three prominent economists will present free lectures at the American Institute for Economic Research’s scenic campus, speaking on the economics of climate change, ObamaCare and health-care reform, and the history that led up to Brexit. They will be part of AIER’s second annual Distinguished Speaker Series. The first is Monday, July 25.
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Stocks are well known for their high volatility. Stocks respond to financial, economic, and political events in real time. The recent Brexit vote, for example, caused a sharp drop in stock prices. But the U.S. stock market was able to rebound in several days. Going forward, it is certain that stock markets will be sensitive to events like the upcoming Federal Open Market Committee meeting (July 26-27), the ongoing presidential election, oil shocks, and so on. But it is far from certain whether we can predict future stock returns. However, an index, called VIX, may surprise investors.
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