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In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy.
The United Auto Workers are on strike against General Motors, Ford, and Stellantis. A look at the UAW’s demands, Shawn Fain’s tactic of stand-up strikes, and the potential impact.
Labor productivity is a key economic indicator policymakers use to gauge the health of the economy. But U.S. productivity has been declining in recent years.
EY chief economist Gregory Daco tells Fortune that the example of Japan shows elevated debt and a deflationary environment is “the worst of both worlds.”
Americans spending more on services and less on goods is a shift that may be showing signs of tapering off, says one economist. “The relative shift in spend…