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Topic: Economy
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Initial Jobless Claims at 44-Year Low

Initial jobless claims fell to 223,000 last week, the lowest level since 1973. While experts may point to this figure as evidence that the U.S. economy is finally back on its feet, plenty of signs of labor market slack remain—such as declining labor force participation.

The Wall Street Journal

03/03/2017 — from NewsWire

The Spread of the Pink-Collar Economy

Blue-collar jobs continue to lose ground to pink-collar jobs—a trend with major implications for workers and the economy at large.
02/15/2017 — from Social Intelligence

Wall Street Bullish on Trump?

Fully 114 of the 242 S&P 500 companies that held investor events in January referenced Donald Trump—with many executives preaching patience and optimism. Though companies and investors remain sold on the “Trump rally,” beware: Full-on “Trumponomics” still has significant hurdles in its way.

The Wall Street Journal

02/03/2017 — from NewsWire

Boomers Poised to Send U.S. Deficit Skyward

New Congressional Budget Office projections indicate that the U.S. federal deficit will more than double to $1.4 trillion by 2027, in part due to the retirement of Boomers. This aging generation is poised to put an ever-greater strain on an already overburdened Social Security and health care system.

MarketWatch

02/03/2017 — from NewsWire

Financially Insecure Adulthood

The latest report from Young Invincibles finds that Millennials are significantly less financially secure than...
01/30/2017 — from Did You Know?

The Silent Generation has the Highest Credit Score of Any Generation

National financial data show that the Silent Generation has by far the highest credit score of any generation (with a 730 average), while other generations’ scores range from 700 to 630. It’s not surprising that the generation that came of age during the Great Depression would do their best to remain debt-free and in good financial standing.

Experian

12/09/2016 — from NewsWire

Who Are the Gig Workers?

We’ve written before that a growing share of Americans is making money through informal, contingent “gig work.” Now, Pew Research tells us...
12/05/2016 — from Did You Know?

The British Royal Mint Tries to Make Gold Work like Bitcoin

The British Royal Mint is working with CME group (a futures exchange operator) to allow customers to buy and sell fractions of gold, stored in the Mint’s vaults, using RMGs, a currency similar to bitcoin. The legitimacy that gold-backing offers, coupled with blockchain technology’s advantages, may finally allow this type of high-tech currency to go mainstream.

Quartz

12/02/2016 — from NewsWire

Millennials and G.I.s Have Similar Childhoods and Strengths

A comparison of Millennials and G.I.s lays out many of the strengths they share, but claims that Millennials were stunted by growing up free from economic hardship. However, the author conflates G.I.s and the Silent: While the Silent were raised during the Great Depression and WWII, the G.I.s actually grew up during the relatively prosperous 1910s and ‘20s.

THV11

11/25/2016 — from NewsWire