Articles from Aaron Nathans
New home sales showed strength in April, rising 16.6 percent to 619,000, according to new data out from the Commerce Department this morning. It was the biggest monthly increase since 1992, and the highest seasonally adjusted annual rate since the start of 2008. The increase was well above analyst expectations.
Today we shine a spotlight on San José, California, which took the top spot in the midsize category of our Employment Destinations Index, which we released earlier this month. The index ranked American cities by the attributes that are most attractive to young college graduates. The nine-factor formula centers on demographics, economics and quality of life.
On Friday, we will get what may be the single most important monthly data release on the U.S. economy: the Employment Situation Report, also known as the jobs report. During a time when we have seen concerning economic signals, including last week’s GDP report, it will be telling whether the jobs numbers stay as strong as they have been.
Our Bob Hughes is featured in U.S. News & World Report today in a question-and-answer story by Andrew Soergel entitled, “Ask An Economist: How Close is the Next Recession?” In the story, Hughes expands on our cautionary report last month that important aspects of the economy appeared to be weakening.
With the Social Security Trust Fund projected to run out of money in 2034, and demographic shifts underway, pressure is slowly growing to find some way to keep the popular program solvent for years to come. In a new brief out today from the American Institute for Economic Research, the authors highlight the six options policymakers have for doing that.
Amid a backdrop of a slow global economy and an energy slump, the U.S. economy has managed to keep growing on the back of three core areas within the domestic economy: consumer spending, housing, and business investment. In recent days, we saw indications that one of those three areas has been weakening.