Economic News

New car sales outpacing the struggling economy

New car sales are at their highest point since the recession began, but the jobs outlook must improve before the overall economy looks as hopeful as the auto industry.

Private sector employment sees healthy gains in June

Private sector employment data from ADP is positive, but economic challenges remain.

22% of Americans have less than $100 in savings

Many Americans have little to no savings and are becoming less willing to ask family for help. This makes emergencies and major purchases more and more difficult.

FOMC predicts unemployment under 6.4% by 2015

The FOMC statement has offered positive and negative news for the slowly recovering economy, with hints that 2015 is looking pretty good.

BoA sued for lying, denying applications for bogus reasons

Former Bank of America staff members are coming forward, alleging bank policies that forced employees to lie to homeowners and in some cases, illegally foreclose.

Flood insurance subsidies being phased out

After years of what is being called uncertainty of flood insurance subsidies being available then unavailable to homeowners and businesses, they are now being completely phased out.

California budget crisis turns into a big fat surplus?

For years, the California budget crisis has dominated headlines, but the state now projects a substantial surplus - what happened?

Debunking the myth that the economy hasn’t changed

Just as it is hard to see the forest for the trees, determining the health of the economy is complicated when in the moment, and economists don't typically form a consensus until after the fact.