The official US national debt has surpassed $20 trillion, not that any of us can imagine such an enormous sum of money, nor does that number include the greater level of unfunded liabilities.
Daily Economy News
Wednesday, September 13th, 2017
Tuesday, September 12th, 2017
It’s been more than a decade since Katrina, and New Orleans is still rebuilding after more than 80 percent of the city was submerged.
Tuesday, September 12th, 2017
The strong labor market continues to support aggregate income growth, consumer sentiment, and consumer spending.
Thursday, September 7th, 2017
Continuing AIER’s innovative approach to bridging the gap between students’ academic training and skills demanded in the workplace, we started a remote applied-economic-research course with Missouri University of Science and Technology last week.
Wednesday, September 6th, 2017
August results point to continued expansion for the nonmanufacturing sector with ongoing gains in activity, orders, and hiring.
Tuesday, September 5th, 2017
New orders for future production fell 3.3 percent, led by a steep drop in aircraft orders.
Monday, September 4th, 2017
Friday, September 1st, 2017
The early read on economic data for August indicates the economy is maintaining positive momentum. The employment report for August from the Bureau of Labor Statistics shows payrolls rose by 156,000. That is a solid gain, though it is below the average monthly gain of 175,000 over the past year.
Thursday, August 31st, 2017
As AIER’s Teach-the-Teachers program continues to impact teachers and students around the country, it is satisfying to realize that our approach follows the highest echelons of economic education.
Wednesday, August 30th, 2017
Revised estimates from the Bureau of Economic Analysis show the U.S. economy grew at a 3.0 percent annual rate in the second quarter, better than the initial estimate of 2.6 percent.
Tuesday, August 29th, 2017
The Consumer Confidence Index from The Conference Board rose for the second month in a row, increasing by 2.9 points to 122.9. The index is constructed so that 1985 equals 100. The index is now at the second-highest level since 2000, behind the 124.9 reading from March 2017.
Monday, August 28th, 2017
When governments try to ban the free exchange of goods and services, markets tend to make them look silly.
Friday, August 25th, 2017
Orders for nondefense aircraft plunged 70.7 percent in July after surging 129.3 percent in June. Aircraft orders tend to be extremely volatile. Despite efforts to adjust for seasonal patterns, the annual air show in Paris can result in huge swings in orders in some years.
Wednesday, August 23rd, 2017
New-home sales fell 9.4 percent in July to a 571,000 seasonally adjusted annual rate from 630,000 in June. The four major regions of the country had widely differing performances in July, with two regions posting sharp, double-digit declines, one posting a small decline, and one posting a gain.