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Economy Tag

Posted by Mary Chastain on September 06, 2019 32 Comments
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 week showed consumer spending continues to climb.

Posted by Vijeta Uniyal on August 24, 2019 16 Comments
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 July and September, as it did in the second quarter.

Posted by Mary Chastain on August 23, 2019 38 Comments
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.

Posted by Mary Chastain on August 02, 2019 6 Comments
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.

Posted by Mary Chastain on July 18, 2019 24 Comments
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.

Posted by Fuzzy Slippers on July 14, 2019 42 Comments
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.

Posted by Mary Chastain on May 15, 2019 13 Comments
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 by "the number of births per 1,000 women ages 15 to 44," went down to 59%. That is the lowest percentage ever since the federal government began to keep track of those births.
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