Consecutive job increases support the argument for the Bank of Canada to maintain interest rates in December, according to economists.
Canada’s Labor Market Surprises with Job Gains Canada’s labor market saw a significant increase of 66,600 jobs in October, and the unemployment rate dipped to 6.9%. This marks the second consecutive month of unexpected positive results, as reported by Statistics Canada on Friday. Economists had anticipated a loss of about 20,000 jobs, projecting an increase […]
Economists Awarded Nobel Prize for Demonstrating How Creative Destruction and Political Fragmentation Drive Growth
Sometimes you have to break something to fix it. On Monday, the Royal Swedish Academy of Sciences announced the 2025 Nobel Memorial Prize in Economics was awarded to Joel Mokyr from Northwestern University, Philippe Aghion from the Collège de France and the London School of Economics, and Peter Howitt from Brown University. Their research offers […]
American shoppers will cover 55% of tariff expenses, according to Goldman Sachs economists.
Consumer Impact of Trump’s Tariffs A recent report from Goldman Sachs indicates that U.S. consumers will take on over half of the costs associated with President Trump’s tariffs by the end of this year. According to economists, including Elsie Penn and David Mericle, U.S. consumers are expected to bear about 55% of these tariff costs, […]
Americans’ Stock Investments Raise Concerns for Some Economists
Stock ownership among Americans has reached an unprecedented level, and this is generally seen as a positive development, especially with the market on the upswing. However, experts caution that this escalating trend could leave many businesses vulnerable in the event of a recession. Recent data indicates that about 45% of financial assets held by U.S. […]
Shutdown postpones September jobs report while economists anticipated a gain of 50,000 jobs.
Impact of Government Shutdowns on the Economy President Austan Ghoolsby from the Federal Reserve Bank of Chicago has been discussing the repercussions of ongoing partial government shutdowns, particularly focusing on how they affect agents, inflation, and the intriguing concept of the “Craman Countdown.” The current shutdowns are delaying the Labour Bureau’s release of the anticipated […]
Tariffs Are Lowering Prices and Embarrassing Economists
Weekly recap: Supreme Court and Trump Madness Happy Friday! This week, the main figure in the US economy gathered at a friend’s briefing that made it clear—there’s still a strong disapproval of Trump’s actions. In August, the prices of items hit by tariffs dropped, disappointing those at the Kato Institute. Moreover, Americans again signaled their […]
Relying on working longer to save for retirement is a risky strategy, economists warn, yet some workers are depending on it.
Workers Increasingly Consider Delaying Retirement As life expectancy rises and concerns about finances during retirement grow, many Americans are leaning towards one solution: extending their working years. About 70% of those currently employed and not yet retired are contemplating postponing their retirement, according to recent surveys by F&G. Nearly half of the 2,000 adults surveyed […]
The danger that’s near: July inflation figures have economists worried
The market just wrapped up a week where the hotter-than-expected inflation figures barely raised eyebrows, yet a few economists caution that there’s more to the story than investors might be acknowledging. In July, the producer price index (PPI) hit three-year peaks, largely fueled by inflation in the services sector. A similar pattern was evident in […]
Most tariffs will be paid by American consumers, according to Goldman economists.
Impact of Tariffs on US Consumers and Inflation According to a recent report from economists at Goldman Sachs, US consumers are poised to experience the full effects of President Trump’s tariffs once these taxes are eliminated. Up until now, most of the tariffs have been shouldered by businesses, which has, in a way, kept prices […]
Economists criticize Trump’s choice to dismiss the BLS head
Economists from various political backgrounds are expressing concerns over President Trump’s decision to dismiss key statisticians at the Labor Bureau, especially following a July employment report that revealed disappointing job growth compared to May. These economists spent the weekend emphasizing the implications of politicizing data from agencies like the Bureau of Labor Statistics (BLS). “It’s […]