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The unexpected vote by United Kingdom citizens to leave the European Union left forecasters scratching their heads and investors running for cover.
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The two biggest investments of many Americans’ lives are buying a home and sending their kids to college. For middle-class homeowners with kids approaching college, housing wealth is often their primary or only financial asset, and it not surprising that many of them look to their home values to help finance their children’s education.
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As we continue to sort out a tangle of conflicting economic signals, we received some heartening news on consumer confidence yesterday. The data from The Conference Board was compiled before Britain’s vote to leave the European Union last week, so it’s hard to know whether the vote will change things in the next reading.
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This morning’s release from the Bureau of Economic Analysis reveals that U.S. economic growth in the first quarter of 2016 was a bit faster than we previously thought.
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Last week The Economist published the cover page story and an issue brief showcasing new (and old) evidence that the craft of teaching can be perfected through professional development opportunities for teachers. Here at the American Institute for Economic Research, we are doing just that – teaching the teachers how to incorporate economic concepts into their subjects, to make the material relevant, intriguing, and interesting to students.
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The results of the referendum in the United Kingdom to leave the European Union have come as a shock to many, especially investors. While we have no greater insight into what the future holds, there are some things that are known.
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We are coming up on the seventh anniversary of the end of the Great Recession, and for about that long, Americans have been looking for a better-defined storyline for the U.S. economy.
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The Labor Market Conditions Index has fallen into negative territory, and continued to fall since January this year. This indicates that the labor market may be worse as a whole than the individual measures show. The disappointing May jobs report may be not an outlier, but may instead be starting to capture a worsening labor market.
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Many U.S. jurisdictions are enacting “ban the box” laws prohibiting employers from asking about criminal histories on job applications. One common goal of these laws is to keep ex-offenders from being automatically screened out before even having the chance to interview. But some recent research found that in New Jersey and New York City, these efforts to “ban the box” may have had unintended consequences.
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Today marks the beginning of the seventieth Summer Fellowship Program at the American Institute for Economic Research.
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The common narrative about small business usually goes in one of two directions. First, many predict doom for “mom and pop” firms in America, arguing small businesses must be protected from giants like Walmart, who can charge lower prices. The second narrative focuses on the benefits these businesses bring to our economy and communities, stressing the need for consumers to “support” small and local business
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We’ve seen data this week that shows positive signs for the consumer, which is a vital barometer of the economy’s health. That outweighed some mixed data from the manufacturing sector.
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