The strength in the May Employment Report released this morning suggests the economy is rebounding from a confluence of negative forces including the rising dollar that hurts exporters, the plunge in crude oil prices that has hurt the energy industry, disruptions from the west coast port labor issues, and lingering effects from harsh winter weather that dragged down first quarter growth.
READ MOREThe Wall Street Journal has an interesting take on why wage growth has been sluggish despite the general upward trend of the economy in recent years.
READ MOREWe are getting our first peek into economic data from the month of May this week, and so far it looks good, says Bob Hughes, senior research fellow at the American Institute for Economic Research. That bodes well for Friday’s employment report, which is one of the key indicators of the strength of the economy.
READ MOREThe story of China’s overproduction of industrial goods, and its impact on the world economy, is well told in The Wall Street Journal. This story explains how the U.S. tire industry is hurting due to an oversupply of tires from China. The country built up its manufacturing capability, only to see growth slow and prices drop. Imports into China have suffered as well, causing ripple effects around the world.
READ MOREInvestors and professional financial advisors often focus on tweaking asset allocations in order to max out returns and reduce volatility. Professional money managers receive huge bonuses if they can outperform the market by even a modest amount. Following one set of guidelines or another may increase your returns, but there is no guarantee and no free lunch. The good news is that there is a simple way to guarantee that you have more money saved in the future: You can increase your saving.
READ MOREHeadlines this morning had a decidedly downbeat tone about the economy, as the Commerce Department revised downward the already lackluster first-quarter gross domestic product numbers. But our senior research fellow, Bob Hughes, said a closer reading of this morning’s data shows the economy really isn’t too bad.
READ MOREThe Knight-Bagehot Fellows of the Columbia University’s School of Journalism visited AIER’s campus in Great Barrington, Mass., earlier this month to participate in a two-day series of seminars, discussions, and social events.
READ MORERecent headlines suggest that after years of slow growth and marginal developments, solar energy may finally be poised to launch into the mainstream.
READ MOREWith the price of gasoline stabilizing, so has AIER’s Everyday Price Index. The index was unchanged in April after it increased 0.8 percent in March. The broader Consumer Price Index increased 0.2 percent in April.
READ MOREWe recently released our rankings of top places to live for young college graduates seeking jobs. Our director of research and education, Rosalind Greenstein, provides some enlightening commentary on the top destinations in this interview with Textbook …
READ MORENew data out this morning offer continued clues that we are slinking out of the winter economic soft patch.
READ MOREEconomists at the San Francisco Fed, and the Federal Reserve Board’s own economists, are divided over whether first-quarter economic growth numbers present a true picture of the state of the economy, especially during a period of bad weather.
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