Be an Empiricist – Econlib
On Monday, August 28, a colleague at the Naval Postgraduate School emailed a number of us retirees to tell us some unfortunate news. It turned out that our retiree passes that let us get on the base where the Naval Postgraduate School is would be cancelled effective August 31. To get a new pass, we […]
US Real Estate Market | Armstrong Economics
QUESTION: Mr. Armstrong, You were the only one who forecasted that real estate would continue to rise in conjunction with the rate increases by the Fed. I have been following you only since 2020 and COVID-19. I am impressed with your computer and your analysis, which does not change with every passing headline. Can […]
Market Talk – September 1, 2023
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 91.28 points or 0.28% to 32,710.62 Shanghai increased 13.37 points or 0.43% to 3,133.25 Hang Seng closed ASX 200 decreased 27.00 points or -0.37% to 7,278.30 Kospi increased 7.44 points or 0.29% to 2,563.71 SENSEX increased 555.75 points or […]
Jobs report August 2023:
The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode. Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday. However, the unemployment rate was 3.8%, up […]
Here’s where the jobs are for August 2023 — in one chart
The August jobs report was another sign that the U.S. labor market is cooling off, though some of the sectors that have fueled the post-pandemic rebound remain strong. The U.S. Department of Labor said Friday that the economy added 187,000 jobs in August even as the unemployment rate ticked up to 3.8%. Payrolls growth was […]
Black unemployment rate declines in August
Pixelseffect | E+ | Getty Images The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate. The overall unemployment rate ticked up to 3.8% last month, the highest since February 2022. It came as the labor force participation rate — a measure of the number of […]
Augmenting Intelligence and Interviewing Adam Smith
You’ve heard a lot about Artificial Intelligence (AI) on EconTalk of late- the good, the bad, and the frightening. In this episode, host Russ Roberts welcomes one of AI’s most strident acolytes, venture capitalist and entrepreneur Marc Andreessen, to talk about his vision of how AI will save the world. Andreessen maintains that AI will […]
