Topic: Indicators
News
Dec. 21, 2016
Donald Trump’s election pushed confidence in the economy’s direction to its most favorable level since 2012, according to the latest WSJ/NBC News poll. . . The upbeat mood is consistent with other gauges of confidence in the economy, which soared in November and December. A survey of CEOs recently said they were optimistic about Mr. Trump’s policies. Economists see somewhat less risk of recession.
News
Dec. 12, 2016
A recent analysis by the Bureau of Labor Statistics found that union membership as a percentage of the entire labor force declined in 24 states in 2015 compared to the year before, while some 34 states and the District of Columbia were down from where they were a decade earlier. . . Union membership in California fell by .6 percent over the last 10 years, falling to 15.9 percent in 2015 from 16.5 percent in 2005.
News
Nov. 16, 2016
The study, which surveyed businesses with revenues from $100,000 to $5 million, showed 47 percent of entrepreneurs believed the Los Angeles economy would improve in the next year – up from 40 percent in a spring survey. Of those surveyed, 39 percent felt the national economy would improve, a 10 percent gain from the spring.
News
Oct. 30, 2016
Data released Friday showed that core inflation, which excludes food and energy, reached a two-year high of 1.7% in the third quarter, according to the Fed’s preferred measure. Other data found stirrings of wage acceleration.
News
Oct. 30, 2016
Economists seeking to explain slowing productivity growth have pointed to a downturn in global innovation. Overlooked in that debate is how hard it is to innovate in services, which are lapping up a growing share of consumers’ budgets as goods prices fall. Technology has transformed many services—think of TurboTax, for instance—but has left many sectors like education relatively untouched.
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