Economy  (Page 1)

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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Above Expectations: GDP Increased 2.6% in Fourth Quarter

https://www.youtube.com/watch?v=li5sdxGllIs
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Posted by  ▪  Thursday, February 28, 2019 at 3:00pm 2/28/2019 at 3:00pm
https://www.youtube.com/watch?v=li5sdxGllIs

The gross domestic product (GDP) in the last quarter of 2018 grew 2.6%, which exceeded expectations. This is the first time since President George W. Bush that we had four straight quarters with GDP growth 2% and up.

Experts

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January Jobs Report Crushes Expectations With 304,000 New Jobs

https://www.youtube.com/watch?v=kP83e18AKhk
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Posted by  ▪  Friday, February 1, 2019 at 12:00pm 2/1/2019 at 12:00pm
https://www.youtube.com/watch?v=kP83e18AKhk

The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January.

Labor force participation (LFP) is the highest it’s been since 2014 at 63.2%.

Average hourly wages only grew by 0.1%, but overall it’s up 3.2% from a year ago. The unemployment...

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U.S. is Quickly Making Headway in Economic Freedom

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Posted by  ▪  Tuesday, January 29, 2019 at 9:00pm 1/29/2019 at 9:00pm

On Friday at the Heritage Foundation in Washington, DC, I attended the release event of their 2019 Index of Economic Freedom. Heritage, the nation’s preeminent conservative think tank, has been publishing its Index for 25 years.
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Student Loan Debt Contributing to Declining Home Ownership

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Posted by  ▪  Monday, January 21, 2019 at 3:00pm 1/21/2019 at 3:00pm

This is one of the reasons why so many young people are attracted to ideas like free college and socialism.

FOX Business reports:

Mounting student loan debt s...

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*UNEXPECTEDLY* — NYC Restaurants Cut Staff and Worker Hours Due to New $15 Minimum Wage

https://youtu.be/bEJrbEP-GtY
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Posted by  ▪  Saturday, January 19, 2019 at 10:00am 1/19/2019 at 10:00am
https://youtu.be/bEJrbEP-GtY

A new law in New York City which took effect at the start of the year, requires businesses with eleven or more employees to pay them a minimum of $15 an hour. It’s not working out too well for restaurants.

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December Jobs Report Smashed Expectations With 312,000 Jobs

https://www.youtube.com/watch?v=k8cKAEurGC8
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Posted by  ▪  Friday, January 4, 2019 at 11:00am 1/4/2019 at 11:00am
https://www.youtube.com/watch?v=k8cKAEurGC8

Economists predicted we’d only see around 176,000 new jobs in December 2018, but the jobs report showed employers added 312,000 jobs instead.

2018 also went out with a bang by averaging 220,000 new jobs every month, which is the best average since 2015.

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November Jobs Report: Only 155K Jobs Added, But Unemployment Remained at 3.7%

https://www.youtube.com/watch?v=MSrN00z005Y
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Posted by  ▪  Friday, December 7, 2018 at 12:00pm 12/7/2018 at 12:00pm
https://www.youtube.com/watch?v=MSrN00z005Y

Economists expected 198,000 in November, but the economy only added 155,000. While expectations fell short, there’s some positivity within the report and stocks traded higher on Friday morning.

Experts told The Wall Street Journal that fears of a recession may have been overblown:

Friday’s jobs report shows that the market’s volatility and lingering...

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Dick’s Sporting Goods May Close Field & Stream After Gun Control Policy Hurt Business

https://www.youtube.com/watch?v=dqMQu2bchIY
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Posted by  ▪  Thursday, December 6, 2018 at 8:30pm 12/6/2018 at 8:30pm
https://www.youtube.com/watch?v=dqMQu2bchIY

Stephen Gutowski at The Washington Free Beacon reported that since siding with those who support gun control, business has gone down at Dick’s Sporting Goods and the company may have to close Field & Stream:

Edward Stack, chairman and CEO of Dick’s, said during the event that the sporting goods chain’s recent...

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Obama Now Wants Credit for Boom in U.S. Oil Production: “That was me, people”

https://youtu.be/qXsyCKw3lxM
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Posted by  ▪  Thursday, November 29, 2018 at 4:00pm 11/29/2018 at 4:00pm
https://youtu.be/qXsyCKw3lxM

Former President Obama has developed a habit of running after President Trump and trying to take credit for positive developments happening on the current president’s watch. The latest example came Tuesday when Obama declared that he is responsible for increased oil production in the United States.

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More Senior Citizens Have Entered the Fast-Food Job Market

https://www.youtube.com/watch?v=Y0iArCvSvkw
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Posted by  ▪  Friday, November 9, 2018 at 7:00am 11/9/2018 at 7:00am
https://www.youtube.com/watch?v=Y0iArCvSvkw

Bloomberg has reported that more senior citizens have entered the fast-food market as those restaurant chains have actively aimed to recruit this age demographic.

Yes, the job market is tight, but the senior citizens have what teenagers lack: social skills and punctuality.

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China’s Xi Promises to Lower Tariffs, Raise Imports to Cool Down Trade War

https://commons.wikimedia.org/wiki/File:Turnbull_selfie_with_Xi_Trump_Quang.jpg
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Posted by  ▪  Tuesday, November 6, 2018 at 3:00pm 11/6/2018 at 3:00pm
https://commons.wikimedia.org/wiki/File:Turnbull_selfie_with_Xi_Trump_Quang.jpg

Chinese President Xi Jingping announced at the large China International Import Expo (CIIE) that he will lower tariffs and increase imports as a way to “demonstrate goodwill amid mounting frictions with the United States and others.”

While this appears like a good thing, Xi has made these promises before.

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Superb October Jobs Report: 250,000 Jobs Added, Wages Increased 3.1%

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Posted by  ▪  Friday, November 2, 2018 at 10:32am 11/2/2018 at 10:32am

The labor market continues to strengthen as the economy added 250,000 jobs in October and the unemployment remained steady at 3.7%, a 49-year low.

In other good news, wages increased by 3.1%.

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Summer Ends on a High Note: 201,000 Jobs Added in August

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Posted by  ▪  Friday, September 7, 2018 at 11:00am 9/7/2018 at 11:00am
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Failure: The $1.7 Billion Federal Job Corps Program Doesn’t ‘Demonstrate Beneficial Job Training Outcomes’

https://www.facebook.com/doljobcorps/photos/a.485201014861005/485203741527399/?type=3&theater
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Posted by  ▪  Thursday, August 30, 2018 at 3:00pm 8/30/2018 at 3:00pm
https://www.facebook.com/doljobcorps/photos/a.485201014861005/485203741527399/?type=3&theater

The Department of Labor’s Job Corps program receives an annual budget of $1.7 billion dollars. You’d think a program that is a sacred cow to people on both sides of the aisle and with that budget pushes out success after success.

Nope. This Great Society program birthed by JFK’s brother-in-law R. Sargent...

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Consumer Confidence at Its Highest Since 2000

https://commons.wikimedia.org/wiki/File:Illinois_Target_Store.jpg
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Posted by  ▪  Tuesday, August 28, 2018 at 3:00pm 8/28/2018 at 3:00pm
https://commons.wikimedia.org/wiki/File:Illinois_Target_Store.jpg

Overall the jobs reports during President Donald Trump have shown stellar economic growth with low unemployment and almost more jobs than job seekers. More jobs means more money for people, which means more money poured into the economy.

More news came out today as the research group The Conference Board

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