The Daily Economy
Non-Manufacturing Growth Decelerates Slightly in July; Initial Claims Remain Low
Following Tuesday’s report from the Institute for Supply Management suggesting that the manufacturing sector expanded at a slightly slower pace in July, yesterday’s report from the ISM suggests a similar […]
AIER’s 2017 Summer Fellowship Comes to a Close
AIER’s 2017 Summer Fellowship Program comes to a close today. As students are departing, we are reflecting on continued legacy of our founder, Col. E.C. Harwood, who advocated “efforts to promote independent scientific inquiry and education.”
Manufacturing Activity Expands at a Slower Pace in July
The manufacturing sector’s Purchasing Managers’ Index registered a 56.3 reading in July, down from 57.8 in June. The PMI and most of the components remain at solidly favorable levels despite […]
Why a “Blockchain Bubble” Might Be a Good Thing
Some types of bubbles can have long-term economic benefits.
Economic Growth Accelerated in the Second Quarter
The initial estimate for second-quarter real gross domestic product shows the economy expanded at a 2.6 percent annualized rate, up from a revised 1.2 percent pace in the first quarter. […]
Aircraft Orders Surge While Core Capital-Goods Orders Stall
New orders for nondefense aircraft and parts surged 131.2 percent in June to $25.3 billion, the third-highest on record. The backlog of unfilled orders rose $13.3 billion to $585.6 billion, […]
Dear Mr. President, Part 2
In 1969, as the war in Vietnam was raging, AIER Founder Edward C. Harwood and his brothers wrote an open letter to President Richard Nixon.
Consumer Confidence Rises, Home Sales Fall
Consumer confidence as gauged by The Conference Board’s consumer-confidence survey improved in July, rising to 121.1 from 117.3 in June. The result differs from the slightly lower consumer-sentiment data from […]
Improving the State of Economic Education
Col. E.C. Harwood considered Educating the Educators project a way of fulfilling the educational aspects of AIER’s mission.
Blockchain Technology Could Power Driverless Cars
Blockchain technology could be essential to making the cars of the future run.
Tradeoff Between Decentralization and Scale Puts Bitcoin to the Test
With the meteoric rise of Bitcoin over the past few years, the seams of the system have begun to strain.
Initial Claims for Unemployment Insurance Fall Again While Leading Indicators Rise
The latest data on new filings for unemployment insurance suggest the labor market remains tight. Data from the Employment and Training Administration within the Department of Labor show initial claims […]
