Economy  (Page 1)

U.S. Economy Only Adds 130,000 Jobs in August

https://www.youtube.com/watch?v=i6LNGRIuscE
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Posted by  ▪  Friday, September 6, 2019 at 11:00am 9/6/2019 at 11:00am
https://www.youtube.com/watch?v=i6LNGRIuscE

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...

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Expert Predicts up to 25 Percent of American Colleges Will Close in Next Two Decades

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Posted by  ▪  Tuesday, September 3, 2019 at 11:00am 9/3/2019 at 11:00am
https://youtu.be/joTFddr3wFk

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.

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China Complains to WTO Over Trump Administration’s Tariffs

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Posted by  ▪  Monday, September 2, 2019 at 6:00pm 9/2/2019 at 6:00pm
https://www.youtube.com/watch?v=9AsQh_RwRm0

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...

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Germany Heading Towards Recession, Says Government Report

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Posted by  ▪  Saturday, August 24, 2019 at 12:00pm 8/24/2019 at 12:00pm
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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...

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China Retaliates With Tariffs on $75 Billions of More U.S. Goods

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Posted by  ▪  Friday, August 23, 2019 at 1:00pm 8/23/2019 at 1:00pm
https://www.youtube.com/watch?v=sADXhHpOn1A

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.

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Economy Remains Healthy After Employers Added 164,000 Jobs in July

https://www.youtube.com/watch?v=bE9Emm7mHu8
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Posted by  ▪  Friday, August 2, 2019 at 11:00am 8/2/2019 at 11:00am
https://www.youtube.com/watch?v=bE9Emm7mHu8

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.

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House Approves Bill to Double Federal Minimum Wage to $15

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Posted by  ▪  Thursday, July 18, 2019 at 3:00pm 7/18/2019 at 3:00pm
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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.

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Restaurant Chain Files For Bankruptcy, Cites Progressive Minimum Wage Laws

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Posted by  ▪  Sunday, July 14, 2019 at 6:00pm 7/14/2019 at 6:00pm
https://youtu.be/ulNDUVtydAs

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.

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June Jobs Report Blows Past Expectations With 224,000 New Jobs

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Posted by  ▪  Friday, July 5, 2019 at 12:00pm 7/5/2019 at 12:00pm
https://www.youtube.com/watch?v=URv7IRO8KO0

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...

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May Jobs Report: Only 75,000 Jobs Added, Unemployment Rate Still Low

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Posted by  ▪  Friday, June 7, 2019 at 3:00pm 6/7/2019 at 3:00pm

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%.

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U.S. plans to refine its way out of potential “rare earths” crisis

public domain US govt photo https://pubs.usgs.gov/sir/2010/5220/ https://en.wikipedia.org/wiki/File:Rareearthoxides.jpg
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Posted by  ▪  Sunday, June 2, 2019 at 2:00pm 6/2/2019 at 2:00pm
public domain US govt photo https://pubs.usgs.gov/sir/2010/5220/ https://en.wikipedia.org/wiki/File:Rareearthoxides.jpg

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.

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Beer industry blames Trump’s tariffs for loss of 40K jobs

https://www.youtube.com/watch?v=X7_aw-K49m4
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Posted by  ▪  Sunday, May 26, 2019 at 10:00am 5/26/2019 at 10:00am
https://www.youtube.com/watch?v=X7_aw-K49m4

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.

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U.S. Birth Rate Plummets to Lowest Level in 32 Years

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Posted by  ▪  Wednesday, May 15, 2019 at 1:00pm 5/15/2019 at 1:00pm
https://www.youtube.com/watch?v=RKPozXzLyTU&t=1s

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...

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March Madness: Report Shows 196,000 New Jobs, Unemployment Rate at 3.8%

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Posted by  ▪  Friday, April 5, 2019 at 11:00am 4/5/2019 at 11:00am

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.

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Croissant-gate: Ocasio-Cortez outraged by inhumane cost of capitalist croissants at LaGuardia Airport

resized for featured image via https://www.youtube.com/watch?v=RG9N4ZP5MQA
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Posted by  ▪  Tuesday, April 2, 2019 at 9:00am 4/2/2019 at 9:00am
resized for featured image via https://www.youtube.com/watch?v=RG9N4ZP5MQA

Monday, outraged (scream emoji and all) by croissant prices at LaGuardia airport, Congresswoman Ocasio-Cortez tweeted thusly:

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Ouch: Economy Only Added 20,000 Jobs in February

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Posted by  ▪  Friday, March 8, 2019 at 11:00am 3/8/2019 at 11:00am

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%.

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Unions, Democrats Plead With Amazon in Open Letter to Return to NYC

https://www.youtube.com/watch?v=sVMSzfjQ_78&rel=0&modestbranding=1&controls=0
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Posted by  ▪  Friday, March 1, 2019 at 11:00am 3/1/2019 at 11:00am
https://www.youtube.com/watch?v=sVMSzfjQ_78&rel=0&modestbranding=1&controls=0

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...

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