Economy Now

Instant reaction and smart charts on economic trends.
  • Where CEOs get paid the least

    Sure, it's nice to rise to occupy a company's corner office ... but how lucrative it is depends on what state you're in.

    There's a very wide variation in average CEO pay. Chief executives in some places make $100,000 more, on average, than their peers in other states, according to new federal statistics.

    Overall, CEOs earn an average of $176,840 a year, which translates into $85.02 an hour. That seems pretty sweet MORE

    - Apr 1, 2013 3:49 PM ET
  • Is China cooking its books?

    Are China's economic statistics accurate?

    Pose this question to a group a China watchers and you're likely to receive a variety of responses. Some observers are convinced that China is cooking its books. Others believe state statistics are largely reliable and useful for drawing conclusions about the world's second largest economy. Still others will debate the accuracy of certain data classes, pointing to more meaningful alternatives.

    Now we have an opinion from researchers MORE

    - Mar 26, 2013 6:57 AM ET
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  • Where Americans stash their wealth

    Americans have gotten poorer over the past decade.

    The median net worth of American households came in at $68,828 in 2011, down from $81,821 in 2000 (in inflation-adjusted dollars) and far below the peak of $108,585 in 2005, according to recently released Census Bureau stats.

    The composition of that wealth has changed over time. Back when Ronald Reagan was president, home equity made up nearly half of young adults' net worth, while interest-earning accounts, MORE

    - Mar 22, 2013 12:24 PM ET
    Posted in:
  • Turn your resume into an interactive timeline

    Career site Beyond.com has a nifty new tool that turns your resume into an interactive timeline with graphics.

    I gave it a try. Check it out here. You can customize your page through various modules that highlight awards, publications, professional certifications and your skill sets.

    If you had numerous short-term jobs (as I did in college), they tend to get jumbled in this format. Of course, if you have a longer career MORE

    - Mar 21, 2013 4:05 PM ET
  • Wine exports surge ... from Florida and New Jersey?

    The last few years have been ripe for U.S. vintners. Wine exports have surged 64% since 2007.

    While most exports still come from California, other states are getting in on the game. New York has long been known for its growing wine industry, but Florida and New Jersey are nursing start-up vineyards as well.

    The top overseas destinations for U.S. wine are the U.K. and China, according to the Southern United States MORE

    - Mar 15, 2013 3:24 PM ET
  • Readers rage about the rich and taxes

    CNNMoney's story about how the top 10% of taxpayers paid 70% of the nation's federal income taxes, even though they received just 45% of the income, took off like wildfire in the social media world.

    Nearly 4,000 people commented on the piece. It also generated tons of tweets and was recommended more than 8,000 times on Facebook . Some people liked it:

    There is no room for complaint...The rich pay majority of MORE

    - Mar 13, 2013 11:32 AM ET
  • Hooray for Hollywood! Movie biz lifts job growth

    The labor market improved in February, and the jobs Oscar goes to... Hollywood?

    The entire U.S. economy added 236,000 jobs in February, but the film industry deserves a special shout-out. This sector alone added 21,000 jobs, marking a 5% employment boost in motion picture and sound jobs in just one month.

    This is highly unusual, and while the data can be choppy from month to month, it is not a statistical fluke, MORE

    - Mar 8, 2013 12:22 PM ET
  • Viral video shows how wealth is really distributed

    Think you know how wealth is distributed in America? Think again.

    A YouTube video that's gone viral recently shows that our perceptions of who has money and how much they have is quite skewed. The poor and middle class have a lot less than most people think, while the rich have a lot more. And the Top 1% are off the charts.

    The video, which has been viewed more than 3.8 million MORE

    - Mar 8, 2013 8:06 AM ET
  • China sets economic goals for 2013

    Premier Wen Jiabao opened China's annual parliamentary meetings Tuesday by issuing a new set of targets for the world's second largest economy.

    The target for gross domestic product growth will remain 7.5%, but the government said it will carry a larger deficit in 2013 to help finance spending plans.

    China recorded its weakest growth in 13 years in 2012, but a rebound in the fourth quarter removed any lingering concern that its MORE

    - Mar 4, 2013 11:01 PM ET
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  • Ick! America's economic signals are wildly mixed

    If you feel like economists are pushing and pulling you in different directions lately, it's because they are. I can't get them to agree on what's going on with American consumers right now.

    Are we holding up solidly, in spite of the payroll tax hike? Or are we being squeezed by that and higher gas prices?

    Here's the rundown on the conflicting signals:

    YAY, WE'RE RECOVERING

    Existing and new home sales picked up in MORE

    - Mar 4, 2013 9:15 AM ET
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