More Economy Articles

  • Good news in the jobs numbers? Depends on whom you ask

    Expect the White House and its media allies to tout Friday's March jobs report, which indicated that private-sector jobs have grown to an all-time high of 116,087,000. It's an important milestone because it means that the job market has finally recovered from the financial crisis of 2007-08....

  • Better weather may have lifted job growth in March

    WASHINGTON (AP) — Hiring went into a deep freeze this winter as harsh weather slowed the economy. A warmer March has raised a key question for Friday's monthly jobs report: Did hiring rebound in March along with the temperatures? Most economists think it did. But some of the pickup in hiring...

  • Manhattan Moment: Graduate borrowing is the real student debt problem

    It's no secret that student loan debt is reaching crisis levels in America, but the conventional narrative on student loans neglects a crucial aspect: the rapid growth of graduate student borrowing. A recent report by the New America Foundation argues that the real student debt problem occurs...

  • Federal Reserve governor Jeremy Stein, top bubble-watcher, resigns

    The Federal Reserve is losing its top bubble-watcher. Jeremy Stein, an Obama appointee who has served on the Fed's Board of Governors since 2012, submitted his resignation Thursday, effective late May. Stein, an academic economist before joining the Obama administration and then the central...

  • Money market fund assets fall by $13.12 billion

    Total U.S. money market mutual fund assets fell by $13.12 billion to $2.63 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds rose by $1.04 billion to $922.76 billion, the Washington-based mutual...

  • U.S. stocks slip, but hold close to an all-time high

    NEW YORK — The stock market held close to its all-time high on Thursday amid optimism that the economy is set to strengthen. Stocks are on course for their best weekly gain in seven weeks after investors got more encouraging news on the economy. A survey showed that U.S. service firms...

  • Signs of economic growth lure traders out of gold

    Gold prices are settling lower as more signs of growth in the U.S. economy draw traders away from precious metals. Gold for June delivery fell $6.20 to settle at $1,284.60 an ounce on Thursday. Silver for May lost 25 cents to $19.81 an ounce. The U.S. service sector grew in March, according...

  • US average rate on 30-year home loan 4.41 percent

    Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.

  • US home market: Few buyers and not enough sellers

    WASHINGTON (AP) — Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale. "Both sides of the equation are in a funk," said Glenn Kelman, CEO of the real estate...

  • US trade deficit hits $42.3 billion in February

    WASHINGTON (AP) — The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly. The deficit increased to $42.3 billion, which was 7.7 percent above the January imbalance of $39.3 billion, the Commerce...

  • US home market: Few buyers and not enough sellers

    Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale.

  • European Central Bank leaves rates unchanged amid falling inflation, considers quantitative easing

    In the face of 12-percent unemployment and 0.5-percent inflation, the European Central Bank took no action Thursday following the meeting of its monetary policy council. Mario Draghi, the Italian president of the ECB, said that the "moderate recovery of the euro area economy is proceeding in...

  • Applications for US jobless aid up 16,000 to 326,000

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 326,000. Despite the increase, the number remains close to pre-recession levels and points to stable hiring. The Labor Department said Thursday that the four-week average...

  • Real fight on minimum wage is among Senate Democrats

    As President Obama pitched a federal minimum wage increase in Michigan on Wednesday, Senate Democrats were divided over it, pushing off for a third time a planned vote on legislation that would have increased the minimum wage from $7.25 to $10.10 over three years.

  • Report says blacks, Latinos losing economic ground

    WASHINGTON (AP) — A new report from the National Urban League says African-Americans and Latinos are losing economic ground when compared with whites in the areas of employment and income. The annual report, called "One Nation Underemployed: Jobs Rebuild America," notes that the...



From the Weekly Standard

  • Kristol Podcast: The GOP's Prospects in 2014 & 2016

    THE WEEKLY STANDARD Podcast with editor William Kristol on the GOP's prospects in 2014 and 2016. This podcast can be downloaded here . Subscribe to THE WEEKLY STANDARD's iTunes podcast...

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  • Monotony Motors

    Anyone who’s ever misplaced the family car in a parking lot at the mall must surely sense that we are not living in a golden era of automobile design. Gazing in panic out across that vast tar...

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  • ‘Core’ Al Qaeda Gathering in Yemen

    A video of a large al Qaeda gathering in Yemen has raised eyebrows in the press. Nasir al Wuhayshi, the head of al Qaeda in the Arabian Peninsula (AQAP), as well as general manager of al...

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