Harvey Gram
May 18, 2018
Understanding the difference between stocks and flows is essential for interpreting income, wealth, deficits, and national accounts. This primer explains how balance sheets and flow accounts interact in households, governments, and the broader economy.
Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining. Read more
Ernesto Garcia
April 30, 2018
Exchange traded funds allow investors to cheaply and easily hold diversified portfolios while trading like individual stocks. While ETFs improve access and liquidity, their structure can also transmit shocks across markets and amplify volatility.
The New York State Department of Labor reported a gain of only 500 jobs statewide in March, following a gain of almost 30,000 in February. Employment in the state is up 1.1% over a year-ago compared to 1.5% for the nation. The Bureau of Labor Statistics reported that New York
Rubaiyat Tasnim and the ESG
April 12, 2018
Experts debated the 2017 U.S. tax reform, questioning its timing, fiscal sustainability, and distributional effects. While supporters argue it may boost investment and wages, critics warn it will widen deficits and inequality while threatening future funding for social programs.
Real gross domestic product increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. Read more
James Orr
March 27, 2018
Job growth in New York City remained solid in 2017 but slowed from the rapid pace of earlier years. While major service sectors continued to add jobs, weaker performance in retail and manufacturing highlights a gradual cooling in the city’s labor market.
In view of realized and expected labor market conditions and inflation, the Federal Reserve FMOC decided to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2
Total non-farm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining. Read more
It has become a truism to say that the welfare state is under stress from the effects of globalization and migration and thus may not be able to provide the same level of income support that it had provided in the past. Read more
