Photograph by David Paul Morris/Bloomberg
Workers assemble American Giant sweatshirts inside the SFO Apparel Co. in Brisbane, California, on May 1, 2013.
Productivity Cooling as U.S. Awaits Next Big Thing
If you were only looking at productivity data, you’d assume the U.S. was still in an economic slump. Employee output per hour grew at an average 0.7 percent annual rate over the past 12 quarters, which economists at JPMorgan Chase...
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Photograph by Jin Lee/Bloomberg
A job seeker holds his briefcase while waiting to see recruiters at a job fair in New York.
State, Local Gov’ts: Help Wanted
News on the government front isn’t all bad, says Jonathan Basile, an economist at Credit Suisse in New York. Take today’s Labor Department figures, which showed job openings at state and local government agencies posted the fourth straight monthly gain...
Read more »GDP Pushed Up — Yet Look Closer
The latest figures on third-quarter economic growth are best described by a cliché: The devil is in the details. Gross domestic product accelerated to a 2.7 percent annual rate, revised upward from a 2 percent pace previously reported by the...
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Photograph by David Paul Morris/Bloomberg
Employees hand off new Apple Inc. iPhone 5 devices at a store in San Francisco.
Retail Sales Jump in U.S. Extends Beyond IPhone
Americans bought millions of Apple Inc.’s iPhone 5 in September, one reason consumer spending bounced back last month. Retail sales advanced 1.1 percent after rising 1.2 percent in August, the strongest back-to-back showing since late 2010, according to a Commerce...
Read more »Workers in U.S. Face Stagnant Incomes and Cooling Job Prospects
As if the sluggish job market weren’t bad enough, Americans have one more thing to worry about: stagnant wages. Average hourly earnings barely budged in August compared to July and rose just 1.7 percent from a year ago, matching the smallest gain since records began in...
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