Economic News

February Jobs Numbers Come In Low, Adding Just 20,000

Recent months have shown official job numbers well-exceeding economists expectations — but that was not the case in February. While estimates reported by CNN Business anticipated that data would show the U.S. economy added 180,000 jobs during the shortest month of the year, the Labor Department announced that it actually...

U.S. Trade Deficit Rises to New Record in 2018

Over the past year one of the biggest financial and economic stories has been President Trump’s use of tariffs on goods from China and other countries. Even before becoming President, then-candidate Trump frequently railed against the trade deficits we hold with various nations. However, despite efforts to curtail these deficits,...

Southwest's Hawaiian Entry Tanks Competitor's Stock

After years of waiting, Southwest Airlines is officially headed to Hawaii. Thanks to the longer range of the Boeing 737 MAX 8s that the budget airline has added to its fleet, travelers will soon be able to catch flights from Oakland and San Jose to Honolulu and Kahului. What's more...

2018 GDP Growth Comes Up Short of 3% Goal

For most of us 2018 is already far in the rear-view mirror as we motor through 2019. Of course, following the Bureau of Economic Analysis of the United States Department of Commerce’s release of 2018 gross domestic product (GDP) figures today, those who keep an eye on the U.S. economy...

President Trump Delays Increase to China Tariffs Due to "Substantial Progress"

Since first hitting the campaign trail in 2016, one of the topics that now President Donald Trump has hit one more than nearly any other (save “The Wall”) has been China. Thus, once ascending to the highest office in the land, the president has taken aim at the People’s Republic...

Bankrate Study Finds Credit Card Debt Rising, Emergency Funds Falling

We’ve often heard frightening statistics about how few adults could cover an unexpected expense of only a few hundred dollars. Additionally the amount of credit card debt Americans hold has topped $1 trillion in recent years. Now a new survey by Bankrate has some more bad news: the percentage of...

U.S. Dollar Continues to Strengthen

Despite economists bracing for the dollar to weaken due to the Fed's new dovish tone, it seems that the greenback is only continuing to rally. As CNN Business reports, the dollar has rallied 1.5% since January 30th — the date of the last Fed meeting. Not only is this development coming...

Finland's UBI Experiment Nets Happier Residents But No Extra Jobs

In recent years the concept known as universal basic income has gained steam as a potential alternative to the existing welfare state and/or a necessary preparation for upcoming changes to the economy. While economists and think tanks of many policial stripes have floated their own ideas and theories for what...