economy

American Economy

Economic Growth Slowed Last Quarter

The American economy grew just 0.7 percent in the last quarter of 2015, stroking fears of a downturn on top of the tumultuous activity to open the year. The Commerce Department’s report on economic activity bested the predictions from some economists who believed the economy might have contracted in last year’s fourth quarter, but others had anticipated at the new year of growth reaching at…


Jobs

Economy Adds Jobs, But Wages Fall, In Latest Labor Report

The U.S. economy continued to defy international trends by adding a robust 292,000 jobs in December, the Labor Department reported Friday, a 40,000 increase from the previous month and nearly 100,000 more than projected. But, wages trended downward, again. Labor also reported the unemployment rate at 5 percent, unchanged from November. Average hourly salaries dropped 1 penny. November’s wage gains were a nickel and the…


Halloween Is America’s Candy Cash Cow

Straddling the line between fall and winter is Halloween, candy’s biggest holiday. Halloween first emerged around 2,000 years ago. As it began so long ago, people left food and wine on their doorsteps to keep roaming spirits away. As you can imagine, it was not a huge impact on the economy at the time. In contrast, modern day Halloween is a billion dollar night. In…


Fourth Quarter Outlook Teetering On Dim For American Economy

The American economy is teetering between stability and a drastic market crash. As the markets roller coastered throughout August, closing with record lows and recovering briefly before sharply dropping again, the outlook for the final months of the year look uncertain. All eyes are on the equities markets as investors continue to question whether the American economy is headed to another market crash. The constant…