The Daily Economy
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After the Brexit Vote: Take a Deep Breath
The results of the referendum in the United Kingdom to leave the European Union have come as a shock to many, especially investors. While we have no greater insight into what the future holds, there are some things that are known.
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The Economy, Summed Up in One Chart
We are coming up on the seventh anniversary of the end of the Great Recession, and for about that long, Americans have been looking for a better-defined storyline for the U.S. economy.
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One Chart’s Foreboding Message About the Economy
The Labor Market Conditions Index has fallen into negative territory, and continued to fall since January this year. This indicates that the labor market may be worse as a whole than the individual measures show. The disappointing May jobs report may be not an outlier, but may instead be starting to capture a worsening labor…
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“Ban the Box” in Hiring: Unintended Consequences
Many U.S. jurisdictions are enacting “ban the box” laws prohibiting employers from asking about criminal histories on job applications. One common goal of these laws is to keep ex-offenders from being automatically screened out before even having the chance to interview. But some recent research found that in New Jersey and New York City, these…
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AIER Summer Fellowship Starts
Today marks the beginning of the seventieth Summer Fellowship Program at the American Institute for Economic Research.
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Small Business Judo: Using Size to Your Advantage
The common narrative about small business usually goes in one of two directions. First, many predict doom for “mom and pop” firms in America, arguing small businesses must be protected from giants like Walmart, who can charge lower prices. The second narrative focuses on the benefits these businesses bring to our economy and communities, stressing…
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After a Rough Patch, Some Smoother Sailing
We’ve seen data this week that shows positive signs for the consumer, which is a vital barometer of the economy’s health. That outweighed some mixed data from the manufacturing sector.
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Fed: A Rate Increase May Not Happen Any Time Soon
Today, the Federal Open Market Committee decided to keep the federal funds rate unchanged, consistent with public expectation after the disappointing May jobs report.
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Contemporary Economics in the Berkshires
The American Institute for Economic Research announces its 2016 Summer Speaker Series, held each year at its scenic campus in the Berkshires of Western Massachusetts. The series features members of AIER’s expert research staff discussing key contemporary economic issues confronting many Americans
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Americans Are Worth More, and Saving More Money
We are seeing two additional indications that are positive signs for the economy. First, household balance sheets are improving.
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Economic Outlook Brightens
AIER’s Leading Indicators model rebounded in May to the neutral level of 50, following two months at 38, which had indicated a somewhat higher risk of recession.
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The Value of an AIER Academic Year Internship
AIER’s 2015-2016 academic year internship program benefitted 13 students . Today, I would like to highlight three of them.
