The Federal Reserve's core guiding belief is that economic stimulus boosts economic growth, thus increasing employment opportunities, payrolls, tax revenues, corporate profits, retirement security and Wall Street wealth.
But the benefits still aren't standard.
Millennials in New York are more educated than the previous generation, but they're stuck in bad jobs with paltry pay.
Good news for consumers -- and possibly for Hillary Clinton.
America's economy is chugging along.
Where Do We Stand? Over the past month, media commentary on the U.S. economy has been almost uniformly pessimistic. In some
Outside of the labor market, it has been a rocky start to 2016. Disappointing corporate profits, plummeting stocks and weak industrial production all point to an economy that slowed sharply late last year.
The Federal Reserve announced Wednesday that it is raising its benchmark interest rate, putting downward pressure on job creation in order to address long-term concerns about inflation and financial stability.
The central bank's long-awaited decision will hit you in your wallet.
If the Fed raises interest rates for the first time since the Great Recession, they will effectively be declaring "mission accomplished" on jobs and wages. But there is a major issue: The data simply does not support a rate hike.
If we want to understand why America's wages are growing -- or not growing -- it's important to look beyond U.S. averages to specific industries.