Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

Australia – stagnant wages growth continues

The Australian Bureau of Statistics published the latest – Wage Price Index, Australia – for the June-quarter 2016 today. Annual private sector wages growth remained steady at 2.0 per cent (0.5 per cent for the quarter), which is the third … Read the rest of this entry »

Posted in Labour costs, UK Economy, US economy | 6 Comments

Seattle workers better off after significant minimum wage rise

I recently wrote about minimum wage principles in relation to a progressive manifesto and the desire to reduce income inequality, which has risen sharply in the neo-liberal era where mainstream ‘free market’ economics has been the dominant narrative. Please see … Read the rest of this entry »

Posted in Labour costs, US economy | 8 Comments

Growth outlook deteriorating – and don’t blame the Brexit vote

Last week, National Accounts data for the June-quarter 2016 was published for the US and the Eurozone and we learned that the next slowdown is happening now, even though neither economy has yet fully recovered from the last downturn (the … Read the rest of this entry »

Posted in Eurozone, US economy | 20 Comments

Brainbelts – only a part of a progressive future

Last week, the US Republican Party held an extraordinary convention in Cleveland, an old rustbelt manufacturing town. I say extraordinary because I guess you have to be American to understand how grown adults can systematically humiliate themselves for several days … Read the rest of this entry »

Posted in Demise of the Left, US economy | 19 Comments

US labour market – some improvement but still soft

Last week (June 8, 2016), the US Bureau of Labor Statistics published the latest – Employment Situation – June 2016 – and the data shows that “Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose … Read the rest of this entry »

Posted in Labour Force, US economy | 2 Comments

ECB research shows huge output gap and need for fiscal expansion

Last week, I reported on some claims by Australian private sector economists that the Australian government was deplete of policy tools (“run out of ammunition” was the cute term used among these self-serving characters) and would not be able to … Read the rest of this entry »

Posted in Britain, Central banking, Eurozone, UK Economy, US economy | 5 Comments

Bias toward low-wage job creation in the US continues

Last Friday (June 6, 2016), the US Bureau of Labor Statistics (BLS) released the latest – Employment Situation Summary – May 2016. I analysed that data release in this blog – The US labour market continues to weaken. The message … Read the rest of this entry »

Posted in US economy | 8 Comments

The US labour market continues to weaken

Last week (June 3, 2016), the US Bureau of Labor Statistics published the latest – Employment Situation – May 2015 – and the data shows that “nonfarm payroll employment changed little (+38,000)” in May, while the “unemployment rate declined by … Read the rest of this entry »

Posted in US economy | 3 Comments

The US government view of the 1976 sterling crisis

This blog continues the discussion of the British currency crisis in 1976. Today we discuss the way the US government was constructing the crisis. They had previously seen Europe in terms of military and political threats and had clearly developed … Read the rest of this entry »

Posted in Demise of the Left, IMF, UK Economy, US economy | 1 Comment

The Wall Street-US Treasury Complex

Today I am in Barcelona, Spain after travelling from Trujillo (in the western part of Spain). Today’s blog continues the analysis I have been providing which aims to advance our understanding of why the British government called in the IMF … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy, US economy | 6 Comments