Median U.S. Household Income Up for 2nd Straight Year; Tops ’07 Level

By BINYAMIN APPELBAUM September 12, 2017 WASHINGTON — American household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity. The median household income was $59,000 in...

Economic Trends: Trump Shouldn’t Focus on Job Growth. The New Numbers Show Why.

Economic Trends By NEIL IRWIN April 7, 2017 When the first employment report of the Trump presidency was released a month ago, the administration was quick to point to the strong growth in the number of jobs in the United States in February: 235,000, in that...

Economic Trends: Trump Shouldn’t Focus on Job Growth. The New Numbers Show Why.

Economic Trends By NEIL IRWIN April 7, 2017 When the first employment report of the Trump presidency was released a month ago, the administration was quick to point to the strong growth in the number of jobs in the United States in February: 235,000, in that...

Economic View: Caution Signals Are Blinking for the Trump Bull Market

March 31, 2017 Economic View By ROBERT J. SHILLER Despite an eight-day losing streak that ended on Tuesday, the stock market has generally been buoyant in the opening weeks of the Trump administration. The bullish mood could be a self-fulfilling prophecy and lead to...

On Money: The Major Blind Spots in Macroeconomics

Years after the financial crisis — a disaster that economists were supposed to foresee but didn’t — the field still struggles with its self-conception.