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The Friday File: While the cost of owning a dog varies considerably by breed, age, geographic location etc…, after accounting for food, vet bills, toys, treats, a license, beds, dog sitters, grooming, medicine and supplies, the average is $1,670/year. In…

For the years 2010 through 2012, of the 5.5 million jobs created, 22% paid between $30,000/year and $60,000/year, 40% paid less than $30,000/year, and 38% paid more than $60,000/year. However, for the three years ending 2015, 42.6% of the 5.3…

From 1968-1990, the marriage rate steadily declined from about 82% to 67% for all women regardless of education. Since 1990, rates have diverged. For women with a professional degree/Ph.D., the rate is 80% and rising while for women with a…

In a recent poll of all 45 living former members of the White House Council of Economic Advisers going back to Richard Nixon, among the 22 Democrats, 14 support Clinton, none oppose her, 7 have no opinion and 1 did…

The FY 2016 budget deficit, which ends next month, will rise to $590 billion, or 3.2% of GDP, up from $438 billion or 2.5% of GDP in FY2015, the lowest level since 2007. The deficit is up because revenues will…

The Friday File: Using a combination of variables including sales of food, drink, lodging and for the unlucky, medical care, economists estimate that the 2,500 global locations with high-quality waves sought out by surfers generate about $20 million/year each or…

While single-family starts are up 11% YTD and single-family permits are up 7.2% YTD, multifamily starts are down 1% and multifamily permits are down 17%, suggesting multifamily activity has peaked. Separately, new home sales are strengthening. The 727,000 seasonally-adjusted annual…

Obamacare healthcare exchanges suffer from mispriced insurance. The law requires insurance for the elderly be no more than three times as costly as insurance for the young. But, the elderly consume way more healthcare than the young. This mispricing discourages…

To improve employment outcomes, many states are prohibiting employers from inquiring about the criminal histories of job applicants prior to job offers. While well intended, the unintended consequence of this is that the probability of being employed fell 5.1% for…

In 16Q2, 12.1% of homes with a mortgage were underwater, down from 14.4% a year ago and down from the negative equity peak of an astonishing 31.4% in 12Q1. On average, 19.4% of homes valued in the bottom third of…