Topic: Economy
News
June 9, 2015
Data from the trade consulting group Trade Partnership Worldwide illustrates how the congressional districts with the highest value of exports in 2013 (excluding oil and gas shipments) were places where the number of households earning more than $100,000 a year and the number of college graduates were above the national average–often far above. (See the complete chart.)
News
June 9, 2015
Federal Reserve policies launched in a historic economic slump may have exacerbated wealth disparities in the U.S., according to new research from the Philadelphia Fed.
News
June 9, 2015
As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees.
News
June 9, 2015
Broadly speaking, the high level of part-time workers now found in the economy make improvements in the jobless rate look better than it actually is. The unemployment rate, one of the most important indicators of the nation’s economic health, has undergone a rapid decline in recent years. After peaking at nearly 10% in the spring of 2010, it now stands at 5.5%.
News
June 9, 2015
U.S. economic growth in the second quarter will be far weaker than previously expected and it will prevent the pace of growth from exceeding last year's 2.4 percent, according to a forecast by a group of U.S. business economists.
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