Tag Archives: economy

U.S. Economy Grew At 2.6 Percent Rate In 2nd Quarter

Cars on a dealer lot in Pittsburgh. Consumer spending helped drive economic growth in the 2nd quarter to more than double first quarter GDP. Gene J. Puskar/AP The U.S. economy grew at an annual rate of 2.6 percent between April and June. It was nice comeback from the tepid 1.2 percent annual growth rate of the first quarter and more ... Read More »

What’s Behind the Growth of the Gig Economy?

The use of work arrangements other than direct employment has grown substantially in the past decade, but few observers really understand the causes of that growth. The popular perception is that it has been driven by millennials’ use of online intermediaries like Uber and TaskRabbit. But rigorous scholarly research reveals that the gig economy’s growth stems largely from employers’ interest in contract ... Read More »

U.S. economy poised for faster growth? Leading indicators say yes

The U.S. economy might be accelerating, according to the leading economic indicators. A broad measure of how well the U.S. economy is performing surged in June after a strong gain in May, suggesting growth could speed up in the months ahead. The leading economic index jumped 0.6% last month after a revised 0.4% increase in May, the Conference Board said ... Read More »

Australia economy back in the groove as full-time work rebounds

Australia’s labor market strengthened for a fourth month in June led by a remarkable comeback in full-time jobs — an upbeat outcome that could bring nearer the day when the country’s central bank starts considering a rate hike. The data will offer much-needed relief to the Reserve Bank of Australia (RBA) which has been fretting over a “mixed” jobs performance while ... Read More »

Analysts: Economy is gathering momentum

The new measure of economy, using a version of GNI (gross national income) to better reflect the unique Irish conditions, showed the economy last year was worth just over €189bn, almost a third lower than the €275.5bn under the conventional GDP measure used across the world for international comparisons. The smaller size of the economy means the State’s debt ratio ... Read More »

The head of the Federal Reserve believes opioid abuse could be holding back the US economy

Carlos Barria | Reuters Federal Reserve Chair Janet Yellen testifies before a Senate Banking Committee hearing on the ‘Semiannual Monetary Policy Report to the Congress’ on Capitol Hill in Washington, July 13, 2017. Federal Reserve Chair Janet Yellen just weighed in on the opioid crisis in the U.S. In her testimony before the Senate Banking Committee on Thursday, Yellen said rampant opioid abuse ... Read More »

Mark Lister: Property market slowdown may hit economy

The rampant housing market has had a big effect on the strength of the economy over the last several years, writes Mark Lister. Picture / Greg Bowker Things have changed in the Auckland housing market. Sales volumes are well down from a year ago and the number of days to sell has been creeping higher. The number of auctions has ... Read More »

5 Things to Know About the Economy

Somalia faces numerous challenges on its quest for peace, stability, and economic prosperity. The recent drought and famine will test the country’s resilience to provide humanitarian assistance and will require help from the international community. The government’s recent policies demonstrate its strong commitment to improving the state of the country and Somalis’ livelihoods. Here are five things to know about ... Read More »

Confidence Boomed After the Election. The Economy Hasn’t.

After Donald J. Trump won the presidential election, Americans’ optimism about the economic future soared. But midway through the year, that optimism has not translated into concrete economic gains. This seeming contradiction exposes a reality about the role of psychology in economics — or more specifically, how psychology is connected only loosely to actual growth. It will take more than ... Read More »

Democrats still have nothing to say about boosting the economy

Liberal writers and political operatives, now that it’s finally dawning on them that no one is going to find evidence that Donald Trump conspired with Russia to steal the presidential election, are turning to giving advice to the Democratic Party. That’s a natural, if somewhat delayed, response to an election that left the world’s oldest political party out of power in the ... Read More »