◀ The Principal Blog

Posts from the ‘Economic Insights’ category

November Jobs Report – Nothing New in November



The Department of Labor reported on Friday that 178,000 jobs were added in November, roughly what the 2016 average has been. The unemployment rate ticked down to 4.6%, which is the lowest since 2007, however the labor-force participation rate and wage growth were both down. Here are my thoughts on…

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Italy votes “No”… but it’s not all bad



Italian voters voted “no” in yesterday’s referendum on constitutional reform, for once in line with opinion polls. By rejecting the reform bill, Italy has entered yet another round of political instability with potentially negative implications for growth and the banking sector. However, the…

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