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Economy Tag

Posted by Mary Chastain on December 07, 2018 41 Comments
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 uncertainty over the U.S. and China's trade relationship hasn't stopped businesses from hiring workers, said Chris Rupkey, chief financial economist and managing director at MUFG, in an email.

Posted by Mary Chastain on December 06, 2018 49 Comments
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 3.9 percent drop in same-store sales was the result of a mix of factors beyond their control as well as some he called "self-imposed." Specifically, he said, "the decisions we made on firearms" negatively affected their bottom line but the drop in sales was something they expected. They did not, however, regret their decision to change a number of their gun-sales policies and back new gun-control legislation.

Posted by Mary Chastain on November 09, 2018 9 Comments
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.

Posted by Mary Chastain on November 06, 2018 11 Comments
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.

Posted by Mary Chastain on September 07, 2018 7 Comments
The economy continues to grow as it added 201,000 jobs in the month of August and unemployment remained steady at 3.9%. Wages went up 2.9% from August in 2017. August 2018 is the 95th straight month that the economy has added jobs. Experts predicted 192,000 jobs and a 3.8% unemployment rate.

Posted by Mary Chastain on August 30, 2018 15 Comments
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 Shriver has turned into a money pit, a waste of that taxpayer money, according to those close to the program who spoke to The New York Times:
“Job Corps doesn’t work,” said Teresa Sanders, a former teacher at the North Texas center who quit in frustration in 2015 after a rash of violent episodes inside the center, but who keeps in touch with dozens of former students through a Facebook page. “The adults are making money, the politicians are getting photo ops. But we are all failing the students.”

Posted by Mary Chastain on August 28, 2018 7 Comments
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 revealed that consumer confidence is the highest its been since October 2000.

Posted by Fuzzy Slippers on July 28, 2018 63 Comments
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 taken up as a "the" most important socio-cultural inequity: the production and sale of products that are identical in every way other than that they are pink.  The pink items, those marketed to women, purportedly cost more "42%" of the time . . . because sexism.

Posted by Mary Chastain on July 17, 2018 31 Comments
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.

Posted by Mary Chastain on July 16, 2018 14 Comments
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 report, upgrading spending increases from 0.8% to 1.3%. Overall, retail sales are up 6.6% from a year ago.

Posted by Mary Chastain on July 06, 2018 11 Comments
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% from 3.8%, but that probably went up because of the rise in labor participation.

Posted by Leslie Eastman on May 28, 2018 31 Comments
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.
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