Economy
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Failure: The $1.7 Billion Federal Job Corps Program Doesn’t ‘Demonstrate Beneficial Job Training Outcomes’
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...
Consumer Confidence at Its Highest Since 2000
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
Economy Added 157,000 Jobs in July, Unemployment Down to 3.9%
Economists estimated 190,000 new jobs in July, but the month only added 157,000. Still, that’s not bad considering unemployment went down slightly to 3.9%.
Burger King Goes SJW In Fight Against Nonexistent “Pink Tax”
In a marketing stunt that has garnered a lot of attention, Burger King rolled out “Chick Fries” to demonstrate the unfairness of the “Pink Tax.” The problem? There is no “Pink Tax.”
The issue they are foregrounding is yet another of the seemingly endless stream of silly complaints the regressive left has...
Weekly Jobless Claims Dropped to Lowest Level Since 1969
The Labor Department reported on Thursday that weekly jobless claims in America has dropped to its lowest level since December 1969. Economists predicted 220,000, but the number is actually 207,000.
Chicago Toying With Universal Basic Income
Oh, Chicago. I love my home city so much, but it keeps giving me reasons to never move back! Now the corrupt city has decided to toy with universal basic income (UBI) because we all know Chicago has a ton of money to throw around.
Except it doesn’t.
Another Month of Strong Retail Sales Show a Strengthened, Growing Economy
Our economy continues to grow. Excellent jobs reports mean there’s a lot more expendable income.
Stimulating the economy is best accomplished not through government intervention, but by putting money back into the market, which is exactly what we’re seeing.
Consumer spending rose by 0.5% in June and the Commerce Department revised May’s spending...
June Jobs Report Shows 213,000 New Jobs, Slightly Higher Unemployment Rate
All in all, it’s not a bad jobs report to kick off the summer. The Labor Department’s report shows the economy added 213,000 new jobs in June even though experts predicted only 190,000.
This means job growth has happened 93 months in a row, which is a record.
Unemployment went up to 4%...
Bad News for Democrats: U.S. economy trumps Hong Kong’s as “most competitive in the world”
The U.S. has trumped Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and deregulation that is promoting innovation.
The Switzerland-based IMD World Competitiveness Center, which conducted the analysis, had Singapore, the Netherlands, and Switzerland rounding out the top 5 spots.
Nancy Pelosi Urging Democrats to Concentrate on Economic Issues
Wait, what? Did the Democrats actually listen!? Has Hell frozen over? For the past few weeks, I’ve blogged about the Democrats’ loss of registered voters, how millennials have turned their backs to the Democrats because they want jobs, and a Democrat pollster’s recommendation the party concentrate on the economy.
Maybe, just maybe, the Democrats have...
U.S. Unemployment Rate Below 4% for the First Time Since 2000
The April jobs report has a few good and bad items. The economy added 164,000 jobs, which sounds great, but below the 175,000 – 190,000 forecasters predicted.
The biggest news? The U.S. unemployment rate is at 3.9%. This is the first time the unemployment rate is below 4% since 2000.
U.S. Retail Sales Up .6 Percent After Three Straight Months of Declines
Retail sales in America grew by 0.6% in March after three straight months of declines. From The Wall Street Journal:
Retail sales—a measure of outlays at stores, restaurants and websites—increased a seasonally adjusted 0.6% in March from the prior month, the Commerce Department said Monday, beating economist expectations.
Gun Manufacturer Remington Files for Bankruptcy Protection
Remington, America’s oldest gun manufacturer, has filed for bankruptcy protection due to declining sales and mounting debt from Sandy Hook lawsuits.
Report: Trump’s Proposed Tariff May Result in Higher Prices for Beer, Soft Drinks
The Beer Institute, a 501(C) organization based in DC, “condemns” President Trump’s proposed tariff on steel and aluminum stating that it will have a significant impact on American beer-makers (and buyers).
The Beer Institute is condemning President Donald Trump’s surprise plan to impose tariffs on aluminum and steel imports.
Despite a...
Stellar Jobs Report Released Notwithstanding Nancy Pelosi’s Prediction of “Armageddon”
2018 has started off with a bang as the January jobs report showed the economy added 200,000 jobs during the month while the unemployment rate steadied at 4.1% for the fourth straight month. That’s the lowest it’s been since December 2000.
Report: Predictions of Post-BREXIT Economic Doom Vastly Overstated
Prior to the Brexit vote, the Centre for Economics and Business Research (CEBR) lent fuel to the “remain” proponents’ “Project Fear” by predicting economic gloom for the UK should voters choose “leave.” Their doom and gloom report assured...
