A recent study from Cornell University finds a probable link between drilling activity and an increased frequency of earthquakes in Oklahoma. Published in the journal Science, the study indicates that the practice of injecting millions of gallons of wastewater underground after a well is hydraulically fractured may increase the occurrence of earthquakes.
One of the raging debates among economists and investors these days concerns the size of output gaps in the major developed economies. If output gaps are smaller than widely believed, central banks will need to tighten monetary policy...
As discussed earlier, home price increases in the US are slowing. One of the reasons for the slowdown is the continuing weakness in wage growth. The latest data seem to indicate that in spite of the overall improvements in job creation...
With not much on the economic calendar this morning, last week’s strong jobs report will likely remain the dominant theme in today’s session as well. Attention will soon shift to the second quarter earnings season, with Alcoa’s (AA) unofficial kick-off to the reporting cycle after the close on Tuesday.
The U.S. economy is building momentum in both the service and manufacturing sector, which is clearly visible no matter where you look, and June’s employment report is a perfect example.
I am beginning to see more and more stories about price hikes in various and sundry publications. Today’s Wall Street Journal and New York Times contained no fewer than three articles on this topic.
The jobs report for June was super good news. There were 288,000 new jobs created, and the unemployment rate dropped from 6.3% to 6.1%. The consensus forecast was for only 215,000 new jobs.
It stands to reason that when the Fed eventually lifts interest rates, we’ll see the usual effects. After a sustained rise in rates, you can safely bet on...
Today's report of 288K new nonfarm jobs was well above the Investing.com forecast of 212K. Moreover, the unemployment rate fell to 6.1%, beating the Investing.com expectation of an unchanged 6.3%.
The annualized 2.9% contraction in first quarter U.S. GDP was among the worst of the postwar era and the only one of its size that did not occur during a recession. But coincident and leading indicators suggest that a recession is highly unlikely.