Economy and Trends

Labor Participation Up, 213,000 U.S. Jobs Added in June

According to a Labor Department Report release Friday, more Americans are entering the workforce. The number of African Americans, in particular, looking for work has spiked by 62.2 percent in June. Four million African-Americans were either working or looking for work in last month. “Friday’s Labor Department report showed the share of American adults working or looking for a job ...

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Market Keeps Close Eye on Chinese Yuan as Trade Spats Continue

The invisible hand of Adam Smith and free market economics is not exactly what politicians and traders are referring to when speaking of the movement of the Chinese yuan.  Strong election rhetoric by President Trump regarding Chinese currency manipulation is gaining traction again. In a tit-for-tat struggle between the world’s two largest economies, nothing is being left off the table. ...

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SCOTUS Eliminates Union Fair Share Fees

The Supreme Court on Wednesday ruled that unions cannot force government employees to pay dues. The ruling essentially overturns a 41-year-old decision that had given states the authority to decide whether public employees, including non-members, were required to contribute to the unions that represent them. “The 5-4 decision fulfills a longtime wish of conservatives to get rid of the so-called ...

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HORIST: Are the #NeverTrump folks really willing to destroy America?

Not long ago, I wrote a piece headlined “Please stop making me defend Donald Trump.”  I maintain a rather objective view of Trump (believe it or not) and have leveled my criticism of his pugnacious and erratic personality – and even my opposition to some policies, such as permanent tariffs.  This type of objectivity is not good enough for the ...

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Trump’s Booming Economy: Retail Sales up, Unemployment Rates Down

In the month of May, the retail sales spiked to $502 billion, a .8 percent increase from the month before, according to the Commerce Department. May’s retail sales beat expectations. Economists polled by Reuters predicted that retail sales would increase by .4 percent in May. The Commerce Department also said that April’s retail sales were revised from the .2 percent ...

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FED Under Pressure to Balance the Economy

There have been only two times in the last 50 years that unemployment has gone below its current level at 3.8 percent. In the late 1960’s and for a month in 2000. The latter was a blip due largely to the dot com bubble bust. The 1960’s led to over a decade of soaring inflation, culminating with the stagflation of ...

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The Fed is in a No-Win Situation

When the Fed raised rates on Wednesday and changed its outlook to include two more rate hikes for 2018, the decision was met with some concern. The market sold off after the decision and statement as investors feared the rate hikes could be too much and the possibility that the action would cause the yield curve to invert. While those ...

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Inflation At Six-Year High and Could Keep Going

One of the reasons the Fed has been raising interest rates is to keep inflation in check. Earlier this week the Consumer Price Index showed that prices at the consumer level increased by 0.2% in May. The report also showed prices were up 2.8% over May 2017 and that is the highest year over year rate since February 2012. This ...

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Economics and Americans Migrating Less

According to the latest information published by the U.S. Census Bureau the percentage of people that move every year equates to 14 percent of the population, or roughly 40 million people. There are various reasons why people move each year; jobs, family, retirement, etc. Migration patterns can be of interest as it relates to business and economics. Everything from real ...

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HORIST: It is clearly a Trump economic boom

The new economic numbers are out, and they are spectacular. The growth in the economy is accelerating. Last month, more than 223,000 new jobs – almost 50,000 more than economists had projected. The inflation rate has held steady at around 2 percent. The unemployment rate is down to 3.8 percent – a level not seen in decades. And, a lot ...

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