Economic News

National Association of Manufacturers, which lobbies for its U.S. companies, said it took “swift action” to secure its networks

By Alan Berube For more than a decade, Brookings and other experts have recommended increased policy focus on older industrial cities. With their substantial populations (especially in the Midwest), significant clusters of jobs, sustainable infrastructure, and high degree of racial/ethnic diversity, these cities represent important focal points for efforts to close widening gaps in America’s…

Central bank likely to hold off on additional interest rate cuts unless growth cools significantly

As regulators examine health risks, e-cigarette maker will cut 16% of its workforce in a cost-cutting move

The new class-action suit comes a week after McDonald’s fired CEO over a “consensual relationship” with subordinate

“There is no uncertainty. We’re the bank that everybody wants to take from,” the president told attendees of a lunch sponsored by the Economic Club of New York.

After an “unprecedented” marketing campaign, the streaming service debuts Tuesday with spinoffs and reboots

Harrods in London says its store Santa is only available to big spenders “in recognition of their loyal” patronage

By Camille May Professor Ju-Ho Lee served at the Minister of Education, Science, and Technology of Republic of South Korea from 2010 to 2013. Before joining the ministry as a Vice Minister in 2009, he was Senior Secretary to the President for Education, Science, and Culture. He has been recognized for his education reform endeavors…

A new study found patients whose income dropped by 50% or more were 17% more likely to suffer from a cardiovascular event

By Annelies Goger Nobel laureates Esther Duflo and Abhijit Banerjee recently penned a compelling critique of some basic assumptions in the field of economics. They argue that financial incentives often fail to deliver on the promises of fairness and efficiency, because people do not respond to them in ways that mainstream economics predicts. Ultimately, they…

By Alan Berube The United States is pulling apart economically. Some regions continue to face vastly different economic outcomes, and there are troubling signs on the state of manufacturing in the Midwest that suggest further disparity. New work by my colleagues Mark Muro and Jacob Whiton shows an explicitly partisan tilt to this divergence, with…

Goldman Sachs, the issuer behind the tech-branded plastic, insists gender is not a factor in credit-decision process

We added up what it could cost you to stay current on shows on various platforms

The FAA is voicing safety concerns about 88 planes bought by Southwest from foreign airlines

The labor market is the tightest in a generation, and the wage premium for college graduates has never been higher

By Marcela Escobari, Ian Seyal, Michael J. Meaney Every person deserves the opportunity for dignified employment that provides living wages and potential for advancement. But for many in America today caught in a cycle of low-wage work, this is far from reality. Low-wage workers are struggling—and not for a lack of new jobs. The coming…

By Dennis Snower Underlying every economic system is a social contract setting people’s norms, values, and beliefs, thereby determining how people are expected to behave within the economy, what their reciprocal obligations are, and how the economy is to be run. Many market economies around the world—in both advanced and emerging countries—rest on a materialistic…

By Martha Ross, Nicole Bateman Jobs play a central role in the lives of most adults. As forces like globalization and automation reshape the labor market, it is clear that some people and places are positioned to do well while others risk becoming collateral damage. The well-educated and technically savvy find ample employment opportunities, while…