The slowdown in payroll employment growth over the past year or so has been concentrated in low wage occupations, indicating that the overall mix of jobs being created has improved. This makes the...

The rise in real consumption in April, following an upwardly revised gain in March means that a sharp increase in consumption growth in the second quarter is now largely baked in the cake. Following...

Congress might need to raise the debt ceiling by late August, a little earlier than previously anticipated, and it has become increasingly clear that, even though the Republicans control both Houses...

While the overall participation rate has continued to trend down, there has been a sharp rebound in the share of 25-54 year-olds in the labour force. This has added 1½ million additional people to the...