Topic: Parthenon Group LLC
The US added 69,000 jobs in May, the Labor Department reported Friday – the third straight month of disappointing jobs numbers. The unemployment rate edged higher, to 8.2 percent.
Fears that Greece may default on its debt are spurring interest in US Treasury bonds, driving down interest rates on mortgages and auto loans – but not (alas) for credit card debt.
Backers of a gold standard – a view popular with many tea party advocates – see a gold-backed currency as a way to rein in government spending and minimize the role of the Federal Reserve.
12/16/2011 04:58 pm
Black Friday weekend may give economists a snapshot of how shoppers are feeling going into the holiday season. Even though some consumer numbers are sluggish, Americans may spend when they hit the malls.
11/25/2011 03:16 pm
Growth rate for the US economy was 2.5 percent in the third quarter, the government reported. That's an improvement over the first half of 2011, when concerns escalated about a double dip recession.
10/27/2011 01:04 pm
The Obama deficit plan would raise taxes on the wealthiest Americans, but would it hurt the economy? The answer to that question depends on what happens during the next two years.
09/19/2011 08:44 pm
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
07/29/2011 01:32 pm
Gas prices have fallen to $3.72 since topping out at $3.98 a gallon in May. Plenty of supply and soft demand mean gas prices are likely to keep falling this summer – perhaps another 30 cents a gallon.
06/10/2011 06:13 pm
The unemployment rate is at its lowest level since May 2009, but this partially reflects some people giving up on job searches.
01/07/2011 12:50 pm