U.S. Economic News

May 17, 2018

U.S. Economic Indicators

Initial jobless claims rose 11,000 to 222,000 last week. The four-week moving average decreased 2,750 to 213,250.  DOL Report

U.S. News

According to the Wall Street Journal, Japan is examining ways to retaliate against the U.S. for recent steel tariffs. Officials have said that Japan may tell the World Trade Organization that it has the right to impose tariffs on U.S. goods equivalent to the damage it is suffering from the steel tariffs, an approach China has pursued. WSJ

Janet Adamy of the Wall Street Journal reports that the U.S. birthrate has dropped to a thirty-year low. Adamy writes that the severe lack of births could exacerbate the problems associated with an aging population, including having fewer wage-earners to pay into programs like Social Security and Medicare. WSJ

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