Economy - /contrib/economy

Things that used to take months or years to happen are now happening in a matter of days.

An index of home-contract signings fell for the second month out of four so far in 2019, further evidence that the hoped-for rebound in housing is going to...

Just a few days after Morgan Stanley's chief equity strategy, Michael Wilson, warned that " volatility is about to rise... a lot ", the executive director of Morgan Stanley's institutional equity trading group, Chris Metli, has sent out an

Even at a time of low interest rates and rising wages, Americans simply can't afford a home in more than 70% of the country, according to CBS . Out of 473 US counties that were analyzed in a recent report, 335 listed median home prices were more than

Data: Challenger, Gray & Christmas, Inc; Chart: Axios Visuals The U.S. saw its highest level of layoffs in a first quarter since 2009, data from staffing firm Challenger, Gray & Christmas released Thursday showed. By the numbers: Employers cut 190,410 job

Authored by Michael Snyder via The Economic Collapse blog, The economic numbers just continue to get worse and worse, and at this point it has become exceedingly clear that an economic slowdown is happening. In fact, even the chair of the Federal Reserve

National Economic Council Director Larry Kudlow discusses the February jobs report, wage gains, stimulus from the European Central Bank, and President Trump's ongoing trade confrontation with...

Flat revenues due to tax reform and more spending are driving the deficit to dangerous levels. The post Debt Crisis: Deficit Balloons 77 Percent In First Four Months Of Fiscal Year appeared first on The Resurgent .

Young people have the highest debt levels since the recession, according to the latest numbers from the New York Federal Reserve Consumer Credit Panel. Despite reducing their spending, total debt among 19-to-29-year-olds exceeded $1 trillion at the end of

The pro-mass immigration Koch brothers' network of billionaire, donor class organizations are backing a Republican-Democrat coalition that would allow for the swift outsourcing of middle-class American jobs to mostly Indian nationals.

The inequality gap between the top 1% and the rest of the United States remains at unstable levels, for a wide variety of reasons.

Data: Robin Hood Poverty Tracker/Columbia University Population Research Center survey of 2,877 New York City adults between 2015 and 2018; Chart: Chris Canipe/Axios 42% of New Yorkers have lived in poverty at some point in the past three years. That'

U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year.

General Motors is expected to start its white-collar job cuts on Monday, but the carmaker might slash fewer jobs than it initially expected.

Source: ThinkstockIn a worrying start to the year, major companies laid off 52,988 workers in January, up 20.7% from December and up 18.7% from January a year ago. The data show a mixed trend. Long term, January 2019 numbers were better than for most Janu

An expanding group of American professionals is building support for a January 26 protest against the outsourcing of middle-class jobs via the H-1B visa program.

A major route to middle-class prosperity has been closed off

Despite the dangers of high-interest loans, many Americans are racking up enough credit card debt to worry about overdrafting their account on a single large purchase.

U.S. employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy's health that has roiled financial markets.' The unemployment rate increased to 3.9 percent from near a 49-year low of 3.7 percent in November

Nearly all industry sectors benefited from the robust jobs in December, with health care and education leading the way by adding 82,000 to their payrolls.