The July jobs report just came in and the US added 528,000 jobs beating estimates of 258,000. Unemployment remains very low at 3.5%. Wages also surged higher, as average hourly earnings jumped 0.5% for the MORE
This week, Biden announced a move that observers had long been expecting: An official visit to Saudi Arabia, effectively thawing diplomatic relations between the countries, and acknowledging that treating the powerful petrostate as a “pariah” MORE
President Biden on Wednesday warned the CEOs of seven oil companies that he is considering using emergency authorities of the federal government to increase U.S. refinery capacity and output. The letter was sent to the MORE
Lordstown Motor’s prototype burnt down to the ground in it’s first few minutes of operation, it’s now known as the good old days. The company’s financial future hangs on a deal it struck last September MORE
The national average for a gallon of gas hit an all-time record high in the U.S. on Tuesday, and for a short time on Monday the popular app GasBuddy went down as consumers searched for MORE
From the Washington Post: The U.S. economy grew 5.7 percent in 2021, the fastest full-year clip since 1984, roaring back in the pandemic’s second year despite two new virus variants that rocked the United States. MORE
CNBC: Nonfarm payrolls rose by 199,000 in December, far fewer than the 422,000 estimate. The unemployment rate dropped to 3.9%, better than the 4.1% estimate. Wages increased more than expected, rising 4.7% year over year. MORE
There is extraordinary good economic news that the Democrats are not talking about. Biden and the Democrats are presiding over the strongest two-year performance on growth, jobs, and income in decades. Federal Reserve Chair Jerome MORE
The Biden administration is expected to announce they will release his decision to release oil from the Strategic Petroleum Reserve on Tuesday during a speech at the White House, officials tell CNN, but the timing of such a MORE
CHP Sgt. Curtis Martin told reporters that the truck had been headed from San Diego to an office of the Federal Deposit Insurance Corp., commonly known as the FDIC. It’s not clear which office the MORE
All the wannabe, MAGAt economists can now pipe down and move on to the next faux outrage. William Foster, vice president and senior credit officer (Sovereign Risk) at Moody’s Investors Service, told Reuters that both MORE
All is not so happy at the happiest place on Earth. The guests of the Magic Kingdom are restless. Despite reopening more than six months ago, Disney World and Disneyland have yet to restart their MORE
“There’s a solid body of evidence that suggests paid leave has a positive effect on parents and doesn’t adversely affect employers. Paid maternity leave is associated with improved physical and mental health for both mothers and infants, MORE
MOLINE, Ill. (AP) — More than 10,000 Deere & Co. workers went on strike Thursday, the first major walkout at the agricultural machinery giant in more than three decades. The union had said its members MORE
On Wednesday, President Biden will address the supply chain issues the United States has experienced since the beginning of the pandemic. Major retailers have warned us about ‘shortages and price hikes during the upcoming holiday MORE
A record number of people have quit their jobs, inspired by a combination of factors that include ample opportunities elsewhere and better pay. In August, about 2.9% of the workforce, or 4.3 million people walked MORE
Rumor Has it, it Will be Renamed Taiwan Town “Don’t move. Don’t sell your house” – Trump at a 2017 After GM nearly gifted it’s Lordstown plant to Lordstown Motor Corporation (LMC) in 2019 for MORE
Come October, the 42 million people receiving Supplemental Nutrition Assistance Program, or SNAP, will get over a 25 percent increase in benefits, the largest single increase in the program’s history. Thanks to the GOP controlled MORE
July’s jobs report shows hiring rose ‘at its fastest pace in nearly a year’ even as new cases of the deadly COVID-19 increase. According to CNBC, ‘nonfarm payrolls increased by 943,000 for the month while the MORE
BOSTON (AP) — The State Department will offer rewards up to $10 million for information leading to the identification of anyone engaged in foreign state-sanctioned malicious cyber activity, including ransomware attacks, against critical U.S. infrastructure. MORE
Economists expected that the jobs numbers for June would total around 706,000. But, nonfarm payrolls totaled 850,000 for the month, much better than the upwardly revised 583,000 seen in May. The unemployment rate rose from 5.9% MORE
President Joe Biden is raising wages for federal firefighters to no less than $15 an hour, as the White House seeks to put a spotlight on the growing threats of wildfires and heat waves exacerbated MORE
Inflation soared 5 percent in May, the fastest year-on-year pace since 2008, as surging demand from the reopening economy met supply chains choked with shortages. Rising prices in the heating, yet fragile, economy are continuing MORE
ProPublica, a non-profit newsroom that investigates abuses of power, released a report of IRS information that shows how little some of the wealthiest Americans pay in income taxes — sometimes even nothing. ProPublica obtained a MORE
After a disappointing April jobs report, the US added 559,000 jobs in May and the unemployment rate ticked down to 5.8 percent from 6.1 percent, according to data released Friday by the Bureau of Labor MORE