Unemployment is down from 9.2 percent to 9.1 percent, and jobs and wage gains were more than we'd hoped for -- payroll grew by 117,000. Still, unemployment and payroll aren't where they need to be, the jobs report shows.
Groupon's challenge is a quirk in behavioral economics. People don't like products and services as well when they pay a discounted price for them.
Stock market debacle doesn't necessarily signal a spectacular crash. The stock market may be reacting to prospects of a garden-variety recession.
The stock market is tanking. At midday Aug. 4, the Dow had fallen 300 points. The bond market is also beginning to growl like a bear. Investors are buying long-dated bonds while eschewing shorter-term securities to protect their assets, a clear indication that they feel the economy is likely to weaken further. High-profile economists are also turning gloomy. Former Treasury Secretary Lawrence Summers put the chances of another recession at 1-in-3; Harvard economist Martin Feldstein put it at 1-in-2. What's behind all the pessimism? Here are four big factors that are weighing on stocks and could determine the course of the global economy in the coming months:
This summer, there will be at least 17 state tax holidays, usually lasting a weekend. Most of the state tax holidays are aimed at back-to-school shoppers, but a few involve far more goods.
The possibility of a recession this year or next is rising because growth is so weak. Weak growth makes the economy more vulnerable to shocks.
Instead of reigning in tax subsidies, the new deal might encourage more of them
Unfinished roads around the country suggest that perhaps the private sector is better suited to complete projects