Economy  (Page 1)

Restaurant Chain Files For Bankruptcy, Cites Progressive Minimum Wage Laws

https://youtu.be/ulNDUVtydAs
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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

https://www.youtube.com/watch?v=URv7IRO8KO0
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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

https://www.youtube.com/watch?v=RKPozXzLyTU&t=1s
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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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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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