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Economy

Everyone complains that the U.S. savings rate is too low. To be sure, the way it is calculated is very flawed. It’s basically income minus...

Growth in the American economy since the year 2000 has averaged 1.7 percent per annum. That’s about half of what it averaged in the Reagan,...

This month’s jobs report is a distinct improvement over last month’s mediocre results. The economy created 248,000 jobs, somewhat above the recent average of about...

Job growth stumbled in August. While economists had been expecting 225,000 new jobs, there were only 142,000, the first time the jobs number was below...

The July jobs report came in this morning a little below expectations. That’s a good thing for Wall Street. It tumbled 318 points yesterday because...

Megan McArdle at Bloomberg View has a terrific article today arguing that the corporate income tax should be abolished. She points out that it has become “a...

The employment picture brightened somewhat in June, with 288,000 new jobs (up from a revised 224,000 in May) and a decline in the unemployment rate...

President Obama had a good time mocking congressional Republicans yesterday for being skeptics about climate change. But even he seems to know that selling his...

The Commerce Department announced this morning that American GDP in the first quarter of 2014 declined a stunning 2.9 percent. That’s the first decline in GDP since...

The economy added 217,000 jobs in May while the unemployment rate remained unchanged at 6.3 percent. The jobs number is a bit above the monthly average...

The French economist Thomas Piketty has made quite a splash with his new book Capital in the 21st Century, which is now No. 5 on Amazon’s...

Who actually pays the corporate income tax has long been a problem for economists. Depending on the particular competitive circumstances in an industry, the tax...