News & information

Economics blog

This blog contains information on the postal sector and the broader economy. It includes NALC Research blog posts and links to posts created by other organizations that may be useful to letter carriers in their advocacy efforts.

State of Working America Data Library

The Economic Policy Institute has a great employment statistics website called The State of Working America Data Library, which contains information that may be of interest to letter carriers who are looking at economic trends.

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USPS $1.2B operating profit this year

On Monday, USPS released its financial results for the fiscal third quarter of, and the first nine months of, 2015. So far, things are looking good for fiscal 2015.

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Lessons learned from Whistl’s troubles

Last week, a private mail delivery company in the UK called Whistl announced it was suspending delivery operations, on the heels of its loss of a private equity investor’s funding.

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Expand Social Security

In this video, economist Robert Reich explains why expanding Social Security is important and how expanding it could be done—all in under 3 minutes.

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USPS OIG: The absurdity of pre-funding and its role in USPS’ financial problems

What if your credit card company told you: “You will charge a million dollars on your credit card during your life; please enclose the million dollars in your next bill payment. It’s the responsible thing to do.” The U.S. Postal Service’s Office of the Inspector General says that’s what USPS’ requirement to pre-fund its long-term pension and healthcare liabilities is like.

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Trade Promotion Authority (a.k.a. ‘Fast Track’)

Letter carriers may be hearing this week about something called Trade Promotion Authority, also known as “Fast Track.” It may be the most important issue for America’s unions in the first months of the new Congress.

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U.S. package deliveries hit their peak

On average, the Postal Service delivers around 11 million packages per day to homes across the United States. This is nearly double the amount of home deliveries made by UPS and almost six times the home deliveries made by FedEx.

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FY2014: First-Class Mail

Last year, the Postal Service forecast that First-Class Mail volume and revenue would decline. However, in 2014, volume actually declined by only about half of the Postal Service’s forecast and revenue rose by nearly 1 percent.

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First-Class and Standard Letter mail revenue

Some people would have you believe that the Postal Service continues to incur net losses because people don’t use letter mail anymore. However, a look at the 2014 Postal Service performance data doesn’t back that argument.

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Postal banking

On Oct. 29, the Federal Deposit Insurance Corporation (FDIC) released an updated version of its National Survey of Unbanked and Underbanked Households.

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What’s in a name? Controllable income is operating profit

In the third quarter of this year, the Postal Service decided to change the name of a key line in its quarterly results slide presentation. It changed the name of a line that was previously called “Operating Income/(Loss)” to “Controllable Income/(Loss).”

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Impact of a stalled minimum wage

The Economic Policy Institute has released a new report on the minimum wage. One of EPI’s charts really shows the impact of a stalled minimum wage.

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Resources for USPS data

Recently, a good question came up at the NALC Leadership Academy about where to find data on the Postal Service. For those who are interested, a lot of information can be found on the websites of these organizations.

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The cause of a $1.6 billion swing

In mid-November the Postal Service will announce its full-year Fiscal 2014 financial results. At of the end of August 2014, it had a $1.3 billion operating profit, so the 2014 full-year operating results are on track to be very good.

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Boost or Bust: Jobs and Places

This "Simply-Put" video provides a brief illustration of how to make the core points emerging from Topos research on communicating job quality.

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August 2014 was another good month for the Postal Service

The PRC just posted the Postal Service’s monthly results for August 2014, and the year to date results through August. This is the last results report we will see before the Postal Service announces their full-year results around mid-November.

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