Has the Death of American Manufacturing Been Exaggerated?

Manufacturing’s share of U.S. employment has been on a steady decline since the end of World War II. In May, the figure touched 8.48 percent, the lowest level since the Labor Department first began keeping records in 1940. The decline has been linked to the growth in income inequality, the weakening of the American middle […]

The White House Exaggerated the Growth of Coal Jobs by About 5,000 Percent

On Sunday’s “Meet the Press,” Scott Pruitt, the head of the Environmental Protection Agency, claimed that the U.S. has created 50,000 jobs in the coal sector since the fourth quarter of 2016. The statistic carries an important message for the White House. Trump has brought extraordinary attention to the decline of coal jobs, for which […]

The death of the bank branch has been greatly exaggerated

KBW Online banking is all the rage. But that doesn’t mean bank branches have been rendered irrelevant. Bank of America’s mobile customers reached 22.2 million in the first quarter of 2017. And JPMorgan, which boosts 27.3 million mobile users, is making a number of investments in digital banking. But according to a recent note penned by equity analysts at Keefe, […]