Month: October 2017

Declining Dropouts

10/17/2017

As recently as 1996, 34% of Hispanics dropped out of high school. By 2016, the rate was just 10%! Similarly, the rate for blacks declined from 16% to 7%, while the rate for whites fell from 8% to 5%. Asians…

Read More

Global Growth

10/16/2017

Global economic growth is expected to be 3.6% this year and 3.7% next year, up pleasantly from 3.2% in 2016. Better yet, all 15 nations that the IMF individually follows are growing. As for the US, after 1.5% growth last…

Read More

Seriously Superstitious

10/13/2017

The Friday File: While 13% of Americans consider themselves superstitious, among those 18-25, 18% are and 15% of those 30-44 are. Among those 45-64, it’s 11%, and for those over 64, it’s 6%. Interestingly, 35% consider picking up a penny…

Read More

Deficient Departures

10/12/2017

While the number of job openings declined slightly in August to 6.08 million from July’s all-time high of 6.14 million, quit rates remain relatively low. Since 10/16, quit rates have vacillated between 2.1% and 2.2%, and are barely above the…

Read More

Falling Fuel

10/11/2017

US households spent slightly less than $2,000 on gasoline in 2016, the lowest inflation-adjusted amount since 2003. The lowest amount spent on gasoline since 1980 was $1,500 in 1998, while the highest was about $3,300 in 1980 and 2012. However,…

Read More

Powerful Pay

10/10/2017

Despite confusion wrought by hurricanes Harvey and Irma, September’s employment report was stellar. Upward revisions to wage growth totaling three-tenths-of-one-percent for July and August and a 0.5% rise in September suggest wages are rising! Moreover, the unemployment rate declined to…

Read More

New Nobelist

10/09/2017

The 2017 Nobel Prize in Economic Sciences was awarded to University of Chicago Professor Richard Thaler. Thaler’s research in behavioral economics incorporates psychology and the awareness that people are irrational in relatively consistent ways to improve decision making. His research…

Read More

Prolific Petty

10/06/2017

The Friday File: This past Monday, Tom Petty passed away at just 66. During a career that began in earnest in 1975 with the formation Tom Petty and the Heartbreakers, he won or shared three Grammy Awards, sold over 80…

Read More

Strengthening Spending

10/05/2017

After hitting an all-time high rate of $69 billion/year in 4/08, core capital goods (CCG) spending collapsed, bottoming at $46 billion/year in 4/09. It then quickly recovered, hitting a new high of $70 billion/year in 9/14, but oil prices then…

Read More

Outpatient Operations

10/04/2017

According to the American Hospital Association, from 1995 through 2014 inpatient admissions to hospitals rose by just 7.6%. By contrast, outpatient visits to free-standing emergency rooms, clinics, urgent care facilities and micro-hospitals rose 81%. Non-hospital operations generate lower revenues but…

Read More

Recent Posts

Categories

Archives