Economic Decline

Far Fewer Young People Looking For Summer Jobs


It’s good news/bad news for American young people looking for work this summer. According to the Bureau of Labor Statistics, the unemployment rate among young people aged 16 to 24 fell this summer to its lowest level in nearly 50 years. Unfortunately, the data is skewed by the far smaller number of young people actually (more…)

S&P/Experian July Report: More Americans Relying on Debt, Defaults Rising

Debt concept

S&P/Experian Consumer Credit Default Indices on the Rise in July Standards and Poor’s and Experian have jointly released the report for consumer credit defaults for the month of July, which illustrates a rising trend in delinquencies. The jointly-prepared report, which comes out every month, depicts the monthly trend in four categories of consumer loans—bank cards, (more…)