Things AP Econ Students Should Know

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The December Jobs Report in Seven Charts

The U.S. economy added 156,000 jobs in December, the unemployment rate was little changed at 4.7% and wages grew at the strongest pace since 2009. Here's a closer look at how that compares.<p>Job growth slowed in December, as employers added fewer jobs than economists surveyed by The Wall Street …


Want to Rev Up the Economy? Don’t Worry About the Trade Deficit

The economic policy of President-elect Donald J. Trump is still a work in progress. But if campaign rhetoric is a reliable guide, reorienting trade policy may become one of the main goals of the new administration.<p>Perhaps the best indication of Mr. Trump’s thinking is a report released by the …

21st Century

The hidden economic rules behind Tinder, marriage, kidneys, and college admissions

Stanford University’s Alvin Roth is a very rare thing: An economist who saves lives.<p>The co-recipient of the 2012 economics Nobel got his prize, in part, for helping to fix a long-standing problem with the market for kidney donations. Often family and friends were willing donors for someone who …

Nobel Prize

Greg Ip: Three Economic Puzzles Are Now Less Puzzling

After a perplexing start to the year, the economy is starting to make sense. That’s good news for workers and the Federal Reserve, but bad news for investors who are going to have to get used to some wrenching moves in the financial markets. Data out in the last week has begun to help solve three …


Catalan president fails to clarify whether region has declared independence: reports

Oct 16, 2017<br>2:49 AM<p>Oct 16, 2017<br>2:47 AM<p>Catalan president seeks 2-month dialogue period with Spain over independence: reports<p>Oct 16, 2017<br>2:44 AM<p>BEIJING–China’s factory-gate prices shot up to a six-month high last month, the latest surprise for an economy that has defied many economists’ expectations …


Fed study: Tennessee has most regressive tax system

State taxes and inequality<p>States that boost income inequality the most: <b><br>1. Tennessee,</b> offsets 32.7 percent of the progressiveness of the federal tax …

Federal Reserve

Senate Democrats vote to block Obama on trade

President Obama collided with his own party Tuesday when Senate Democrats stalled consideration of a trade measure that would give the administration greater authority to negotiate more freely with other countries.<p>The Senate vote was a sharp blow to the president’s efforts to win approval for a new …

U.S. Congress

Chicago Fed Says Natural Jobless Rate At Or Under 5%, Will Fall Further Over Time

Economists at the Chicago Fed argue in a new paper the U.S. economy remains even farther from a truly hot labor market than many central bankers think.<p>The economy’s so-called natural unemployment rate likely lies at or below 5%, and it will go even lower over time, the analysts say in a note …


The Real Reason Californians Can't Water Their Lawns

To continue reading this article you must be a Bloomberg Professional Service Subscriber.<p>If you believe that you may have received this message in …


Do Federal Taxes Reduce Income Inequality?


Ben Bernanke: The Fed Is ‘Groping’ to Find the Full Employment Rate

Former Federal Reserve Chairman Ben Bernanke said he doesn’t know where the so-called full-employment level is now, saying the Fed “is in some sense groping” to determine it.

Ben Bernanke