Jan 13, 2019

The shutdown could end a positive payrolls growth streak

Expand chart
Data: Congressional Research Service; Chart: Axios Visuals

The more urgent brinkmanship in Washington is surrounding the government shutdown, which is now officially the longest ever, with no end in sight.

The big picture: If furloughed workers are not on the government payroll, then there's an extremely high chance that the record 99-month streak of positive payrolls growth will come to an end this month.

  • A research note entitled "No Gain, More Pain" from S&P Global Ratings estimates that the shutdown will reduce U.S. GDP by $1.2 billion per week, with that number rising as the shutdown continues.
  • Markets will increasingly be flying blind, as government data releases are canceled or delayed due to the shutdown. Timely, accurate statistics matter!

Be smart: Federal workers haven't started breaking out their yellow vests quite yet. But this shutdown stings much more than any gasoline tax did in France — and look where that ended up.

Go deeper: All the ways Americans are feeling the effects of the shutdown

Go deeper

The insane news cycles of 2019

Data: Google News Lab; Chart: Danielle Alberti/Axios

The year started with a record-breaking government shutdown and is ending with the third presidential impeachment in U.S. history — in between an onslaught of investigations, conspiracies, scandals and memes.

Why it matters: The chart, based on search trends compiled by Google News Lab, highlights how short the public's attention span was as the media darted from one big thing to another.

Go deeperArrowDec 26, 2019

Podcast: Boeing's unfriendly skies

Boeing next month will indefinitely stop production on its 737 MAX jets, as it remains unable to get FAA approval to resume operation after two crashes killed over 300 people. Dan digs in with pilot and aviation expert Jeff Wise.

Go deeper: Boeing 737 shutdown indicates turbulence ahead

Keep ReadingArrowDec 17, 2019

Wages for typical workers are rising at their fastest rate in a decade

Construction workers holding a rally in the Bronx. Photo: Erik McGregor/LightRocket via Getty Images

Wages for nonsupervisory employees — who make up 82% of the workforce — are rising at the fastest rate in more than a decade, the Wall Street Journal reports.

Why it matters: It indicates that the benefits of a tightening labor market and a time of historically low unemployment rates are finally being passed along to most workers.

Go deeperArrowDec 27, 2019