The Morning Economic Report | WYPR

The Morning Economic Report

China's Economy

Feb 21, 2017
Thomas Depenbusch/flickr

China is home to the world’s second largest economy. Considerable concern has been expressed regarding the Chinese economy in recent years due to a combination of rampant debt and fears of overbuilt real estate markets. For now, China’s economy continues to perform. Chinese gross domestic product expanded 6.7 percent last year and ended the year on a high note.

A Dynamic Economy?

Feb 20, 2017
Michael Daddino/flickr

We economists could easily make the case that America’s economy is in fine shape. Jobs are being created, unemployment is low, wages are rising faster than inflation, which remains contained, and national output remains ascendant. But while economists express such views, our fellow countrymen and women don’t seem to be buying it.

The Rise in Contract Employees

Feb 17, 2017
Kathryn Decker/flickr

Even as hiring activity remains brisk and more firms spend resources training employees, many American companies are activity planning to hire fewer people in the future. As indicated by writer Lauren Weber, the outsourcing wave that moved thousands of apparel manufacturing jobs to China and dozens of call center operations to India remains just as likely to happen within companies across the U.S. and in virtually every industry.

Job Training

Feb 16, 2017

With the economy approaching completion of its eighth year of recovery, employers large and small are complaining that they can’t find workers with the right skill sets. Skilled workers in manufacturing, construction, logistics, finance, technology and other industries have been steadily scooped up as the economy has expanded. The result is that more businesses are now spending resources to train people to satisfactorily fill available job openings.

Job Growth

Feb 15, 2017
Jeremy Sternberg/flickr

Many economists have been indicating that the economy is approaching full employment. This doesn’t mean that the unemployment rate will soon be zero – it means that we are approaching a situation in which a tighter labor market will eventually translate into more inflation, which in turn will produce higher interest rates.

Jon Welsh/flickr

Economists generate lots of forecasts. Usually, we offer many caveats along with our estimates, indicating that the accuracy of our forecasts is threatened by a set of risks. Risks can take many forms, including geopolitical risks like war or terror, policy risks such as unanticipated actions by the Federal Reserve or a presidential administration, or sudden financial market corrections.

The Global Economy

Feb 13, 2017

The global economy is one massive riddle. For instance, in a world characterized by sluggish economic growth, why are companies around the world hiring so aggressively, and why hasn’t the demand for workers translated into faster wage growth? As pointed out by writer Tom Fairless, from Tokyo to London, unemployment rates have declined. In America and in the United Kingdom, the official unemployment rate has been below five percent recently. In the 19 nation Eurozone, the unemployment rate just hit a seven year low.

Female Homeowners

Feb 10, 2017

You’ve heard it before. Women earn less than men – they pay harsher penalties in the workplace when pursuing parenthood – they also often struggle more with debt and save less for retirement. But as pointed out by Bloomberg, there’s at least one area of personal finance in which single women are outpacing their male counterparts in America – homeownership.

Pachakutik ../flickr

Who does one consider to be the head of a particular household? Economic circumstances have much to do with that designation. As pointed out Janet Adamy, a century ago, father’s were typically considered to be the head of household. That status often derived from dad’s role as the sole breadwinner.


One of our contemporary conventional wisdoms is that healthcare spending is surging because of our expanding life spans. As indicated by writer Austin Frakt, the average American lives three years longer today – reaching nearly 79-years-old, than in 1995. The median age in the U.S. is set to rise to about 40 by 2040, up from less than 38 years today.