Economy - /contrib/economy

Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country this year. Department stores like Kmart,

America’s long-term “balance sheet numbers” just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine.
The truth is that GDP is not the best measure for the health of

While the rest of the economy pointed higher in July, American workers took a step backwards. Hourly and weekly earnings actually declined on the month when factoring in the rise in cost of living, according to figures the Labor Department released Friday

Prices rose at their highest clip since 2012 over the past year, the Labor Department reported Thursday. The 2.9 percent inflation for the 12-month period ending in June is a sign of a growing economy, but it's also a painful development for workers,

Money manager Michael Pento is sounding the alarm because we are getting very close to something called a "yield curve inversion." Pento explains, "Why do I care if the yield curve inverts?" "Bec

- U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve's last policy meeting on June 12-13 relea

The last few months have seen a rash of studies on a coming automation apocalypse, and analysts are moving to a few targeted worries about the jobs future: Their big picture: There may be a long, deep economic disruption lasting decades and taking million

Last year, three states in the Northeast New Jersey, New York and Connecticut landed in the top five places people were moving out of fastest, according to 2017 data from United Van Lines. The cost of living across the region is among the highest in the nation and three of the five most expensive

Authored by Michael Snyder via The American Dream blog, The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first tim