Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month.
To make matters worse, a lot of those jobs were temporary jobs for the 2020 census.
But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this...
For years now, there have been warnings that the higher education bubble was going to burst. While we have witnessed the closure of many small schools this year already, one researcher at Harvard who studies higher education says the worst is yet to come.
China filed a complaint to the World Trade Organization (WTO) over the tariffs set in place by President Donald Trump’s administration.
The 15% tariffs went into effect on Sunday. It covers items like tools, apparel, some shoes, and a few electronics. The overall value of the goods adds up to...
Germany is heading into a recession, a report released by Chancellor Angela Merkel’s office said. The economists working at the Chancellor’s office see Germany technically in a recession given the country’s negative growth in two successive quarters, the German weekly Der Spiegel reported. Europe’s largest economy is expected to contract between...
China has decided to implement tariffs on $75 billion worth of U.S. goods as the U.S. plans to impose tariffs on $300 billion worth of Chinese products.
These additional tariffs will cover almost all of the remaining U.S. products imported to China.
The economy added 164,000 jobs in July while unemployment held steady at 3.7%. Annual wage growth went up to 3.2%.
Overall the report satisfied analysts and economists since it almost fell in line with expectations. It shows a healthy economy despite a slight slowdown.
The House of Representatives passed the Raise the wage Act, 231-199, that would raise the federal minimum wage to $15 from $7.25. The bill states it has to happen by 2025.
While the left celebrates the news, the bill may never see the light of day in the Republican-controlled Senate.
The progressive push for higher minimum wage laws has had perfectly predictable results: lower-income people are most harmed, businesses switch to robots, businesses shutter, or as in the case of west coast Restaurants Unlimited, Inc., they simply file for bankruptcy. The chain closed six restaurants prior to filing.
The June jobs report blew apart expectations of economists as it showed the economy added 224,000 new jobs. Economists predicted only 160,000 jobs.
Unemployment crept up to 3.7% from 3.6%. However, the revisions are the noisy part of the report. The Labor Department trimmed 8,000 jobs...
May’s jobs report is not great, but not necessarily bad. It does not help that the Labor Department revised down the otherwise great April and March jobs reports.
The economy only added 75,000 jobs, but the unemployment rate stayed at 3.6%.
There was once a time that the American economy was threatened by OPEC (Organization of Petroleum Exporting Countries) because we were an importer of petroleum products.
Last week, the Beer Institute and the National Beer Wholesalers Association released their Beer Serves America economic report on the nation’s beer industry.
The timing is intended to mark Memorial Day as one of the top beer-selling holidays of the year and the beginning of the summer beer-selling season.
A study from the Centers for Disease Control and Prevention’s National Center for Health Statistics found that women only gave birth to 3.79 million babies in 2018, which is a dip of 2%. We have not seen that low of a birth rate since the 1980s.
The fertility rate, which they measure...
The March jobs report showed a rebound with hiring as the economy added 196,000 jobs and the unemployment rate stayed low at 3.8%.
For 102 months, U.S. employers have added jobs, which makes it the longest streak.
Monday, outraged (scream emoji and all) by croissant prices at LaGuardia airport, Congresswoman Ocasio-Cortez tweeted thusly:
Holy cow, what a drop off. The February jobs report shows the economy only added 20,000 jobs last month. Experts predicted 180,000 jobs.
However, the unemployment rate fell to 3.8%.
Unions and Democrat politicians asked Amazon to come back to Long Island City, Queens, in an open letter in The New York Times. They wrote:
New Yorkers do not want to give up on the 25,000 permanent jobs, 11,000 union construction and maintenance jobs, and $28 billion in new tax revenues that...
