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12 September 2014: ECRI's WLI Improves Marginally

September 19th, 2014
in econ_news, syndication

ECRI's WLI Growth Index insignificantly improved - remains in positive territory - but still forecasting almost no growth within the next six months. ECRI released their coincident index also this week showing a slowing in the rate of economic growth, as well as their lagging index.

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It's a Negative Victory in Scotland!

September 19th, 2014
in News, econ_news, syndication

Econintersect:  The Financial Times is reporting that that outcome of the referendum on national independence in Scotland has become evident earlier than many expected because the "No" vote is going to be victorious by a larger margin than public opinion polls had predicted. With Edinburgh and an additional "handful of results to be declared" there is a ten point margin of approval for Scotland to remain part of the United Kingdom.

uk-scot-flags-380x190

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Rail Week Ending 13 September 2014: Strong But Decelerating Growth Cycle Continuing

September 18th, 2014
in econ_news, syndication

Econintersect: Week 37 of 2014 shows same week total rail traffic (from same week one year ago) grew according to the Association of American Railroads (AAR) traffic data. Rail growth this week continues to demonstrate an improving economy - even though the rate of growth compared to the rolling averages one year ago continues to slow.

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Employee Tenure Unchanged

September 18th, 2014
in econ_news, syndication

from US Census

The median number of years that wage and salary workers had been with their current employer was 4.6 years in January 2014, unchanged from January 2012.

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The Importance of Asset Building for Low and Middle Income Households

September 18th, 2014
in econ_news, syndication

by Chair Janet L. Yellen, Board of Governors of the Federal Reserve System

The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve. But the effects of the recession are still being felt by many families, particularly those that had very little in savings and other assets beforehand.

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