The Morning Economic Report

There are many recent college graduates running around.  Undoubtedly, some are still wondering what they should do and where they should go.  In partnership with LinkedIn, Trulia compiled its new Graduate Opportunity Index.  The index ranks forty of America’s strongest jobs markets based on what they have to offer recent college graduates. 

After many years of rapid economic growth, energy producing regions of the nation are feeling the pain of lower oil and natural gas prices.  According to the Federal Reserve Bank of New York’s quarterly report on household debt and credit, delinquencies on auto loans have spiked in U.S. counties that had the highest employment in the oil and gas industry. 

Economists continues to search for explanations regarding America’s soft economic growth.  The current expansion cycle has been associated with unusually slow growth, and 2016 has been no exception.  The economy expanded just zero point eight percent on an annualized basis during the first three months of the year. 

During the current election cycle, there has been a lot of discussion about protecting and creating manufacturing jobs in America.  Several candidates have railed against trade deals – one has proposed a forty five percent tariff on Chinese exports to the U.S. 

It is quite conceivable that over the next several years, there may come a time when many will long for the good old days when the economy was growing two percent.  Two percent doesn’t sound so impressive now.  As indicated by writer Eduardo Porter, back when Lyndon Johnson was president, the U.S. economy managed to expand by nearly five percent a year for nearly a decade. 

One of the labor markets early warning indicators may be flashing trouble for the broader economy.  As reported by writer Eric Morath, hiring by staffing agencies has ground to a halt in twenty sixteen.  The temporary staffing sector has shed more than twenty seven thousand positions since December, which is in stark contrast to the previous five years when the category expanded five times faster than overall national employment. 

Much attention has been paid recently to unfulfilled economic expectations in a number of large emerging nations, including China, Brazil, Russia, South Africa and Turkey.  Here’s another under performer – Venezuela, home to about thirty million people. 

There is a conventional wisdom suggesting that burdensome student debt is preventing many college graduates from purchasing a home.  There is much truth to that, but the issue is more complicated than it first seems. 

For many years, America’s college campuses collectively boasted growing student population.  But as reported by CNNMoney, enrollment peaked in two thousand and ten at just over twenty one million students. 

The share of foreign born workers in the U.S. labor force continues to rise.  According to recently released Labor Department statistics, the labor force included twenty six point three million foreign born persons in twenty fifteen. 

As reported by the Wall Street Journal, that amounts to nearly seventeen percent of the labor force, the highest level on records dating back two decades.  The share of foreign born workers in America’s labor force was in the range of eleven percent in nineteen ninety six and approached sixteen percent in two thousand and seven.