The United States Labor Market Current State

Ken Ward Economy

Since the end of the Great Recession, the economy has added 8.1 million jobs, and the unemployment rate has fallen from 10 percent to 6.2 percent. The labor market is much healthier today than at any point since the Great Recession, but beneath the top-line numbers, it still has a long way to go before it returns to historically healthy …

The Current Expansion Should Have Plenty of Life Left In It

Ken Ward Economy

News that America’s economy grew at a brisk annualised rate of 4% in the second quarter was greeted with relief. After a puzzling first-quarter contraction, growth has returned, though the recovery remains the weakest since World War II. As of June, the expansion is now five years old, longer than the post-war average of 58 months (see chart 1). The …

Failed Giant Deals Damage Credibility

Ken Ward Economy

On August 5th, Rupert Murdoch withdrew 21st Century Fox’s unrequited pursuit of Time Warner. The deal would have been worth at least $70 billion and have created a media monolith. Hours later Softbank, a Japanese conglomerate which owns Sprint, an American telecoms firm, abandoned its effort to buy control of T-Mobile US, another operator in America, with an enterprise value …

The Economy of The World – 2014

Ken Ward Economy

The global economy is plodding ahead in fits and starts as the largest countries struggle to achieve consistent growth. Europe is faltering again. Japan is suddenly surging. China is cooling. The U.S. is strengthening. In the background, central banks are aiming to administer just the right amount of stimulus — not too much, not too little. Their efforts have yet …

United States Banks Relax Commercial Loan Policies

Ken Ward Economy

Banks in the U.S. eased policies for loans to businesses including real estate companies during the first quarter amid stronger demand for credit, according to a Federal Reserve survey. For households, banks reported easier standards on consumer credit card and auto loans, the Fed said today in Washington in its quarterly survey of senior loan officers. The central bank surveyed 74 …

Unites States Economy – March 2014

Ken Ward Economy

FOR several months data-watchers have scratched their heads and attempted to peer through winter-storm distorted figures for a glimpse at the underlying labour-market trend in America. Some reckoned they saw signals of a tightening labour market, with further rapid declines in unemployment and wage growth taking off. Others feared a slowdown, pointing to plateaus in other indicators and the Fed’s …

Unemployment in America: Current State – March 2014

Ken Ward Economy

It took barely a month for the bubble of optimism that formed over the American economy at the start of the year to deflate. Job growth slowed sharply in December, and stayed weak in January, suggesting more than bad weather was to blame. The unemployment rate, though, tells a much cheerier story: it dropped to 6.6% in January from 7% …

Global Economy

Ken Ward Economy

Quiet start to an important year for the global economy The past two years have started in a mood of crisis with grave concerns about global economic prospects. This year has been refreshingly different. The recent news has not all been positive, but there is a sense of steady economic improvement and of reducing risk as the developed world emerges …

Occupy Hedge Funds?

Jason Economy

The Securities and Exchange Commission is expected to soon begin allowing hedge funds and other private placement investments to begin advertising and otherwise promoting themselves to the general public. That means television commercials and gussied-up websites, not to mention cold calls and online marketing pitches, coming to your home. “Ms Olen, would you like to hear about an innovative investment …