Santa appears to be delivering some good economic news this Christmas season for President Donald Trump, as his economic policies seem to have created a flurry of both spending and earning.
Economy
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Large Minimum Wage Hike Strikes Again, Killing Restaurant Jobs in California and Washington State
While America is enjoying record low unemployment, some areas are actually experiencing the loss of jobs. In certain cities where progressive activists and politicians have forced increases in the minimum wage, restaurants who can’t keep up are closing and taking jobs with them.
November Jobs Report: 266,000 Jobs Added, Unemployment at 3.5%
The November jobs report revealed the economy added 266,000 jobs. Unemployment hit 3.5%, which matches a 50-year low.
Shocking: Target Raised Wages to $15, Cut Employee Hours
How do I economy? A business needs to make a profit in order to stay in business and provide goods for customers.
I also think people do not realize the size of Target, which means a lot of people making $15 an hour.
Reality runs deeper than Target’s size, though. You have to...
Report Suggests Higher Education is Shrinking as an Industry
College closures and shrinking enrollment are taking a toll on the business of higher education.
Doug Lederman writes at Inside Higher Ed:
The Incredible Shrinking Higher Ed Industry
Higher education enrollments have been falling for years, a well-documented outcome that can be attributed to some combination of a strong U.S. economy, changes in birth...
College Closures Damage the Towns They Leave Behind
College closures can affect an entire community. They grapple with lost jobs, lost revenue, and even a loss of identity.
From the Denver Post:
Former college campuses left to adapt to business loss, redevelopment
As colleges and universities come alive this fall, some campuses sit closed and empty after succumbing to a recent wave...
U.S. Economy Only Adds 130,000 Jobs in August
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...
Expert Predicts up to 25 Percent of American Colleges Will Close in Next Two Decades
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 Complains to WTO Over Trump Administration’s Tariffs
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 Heading Towards Recession, Says Government Report
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 Retaliates With Tariffs on $75 Billions of More U.S. Goods
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.
Economy Remains Healthy After Employers Added 164,000 Jobs in July
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.
Restaurant Chain Files For Bankruptcy, Cites Progressive Minimum Wage Laws
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.
June Jobs Report Blows Past Expectations With 224,000 New Jobs
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 Jobs Report: Only 75,000 Jobs Added, Unemployment Rate Still Low
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%.
