Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – MORE
The Fascist Felon took to his shithole, ‘Truth’ Social, to attack Federal Reserve Chair Jerome Powell because it’s all the Fed’s fault that our economy is quickly headed towards a ONE, man-made recession. His attacks MORE
Only an incompetent, ignorant buffoon would claim that tariffs and trade wars which are tanking the global economy are a ‘beautiful thing to behold,’ but that’s our (p)resident, in a nutshell…an incompetent, ignorant buffoon. For MORE
The morning hangover following ‘Liberation Day!’ has hit the global markets hard and not in a good. Stock futures cratered after the Fascist Felon implemented his stupid tariffs that will affect all consumers across the MORE
Tomorrow is The Fascist Felon’s ‘Liberation Day,’ the day he will roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods. MORE
As early as Saturday, February 1, 2025, The Fascist Felon will impose 25 percent tariffs on Mexico and Canada; he considered whether to include oil from those countries as part of his import taxes. He MORE
The costs of this year’s holiday feast — estimated at $58.08 for a 10-person gathering, or $5.81 a head — dropped 5% since last year, the lowest level since 2021, according to a nationwide survey of MORE
“I was always very good at mathematics,” Trump told John Micklethwait, the editor in chief of Bloomberg News, in an interview at the Economic Club of Chicago. Explaining that his favorite word in the dictionary MORE
In a speech delivered in the key state of Pennsylvania, the Democratic vice president sought to neutralize Republican rival The Felon’s Guy advantage with voters on the economy. She vowed to govern as a pragmatist MORE
Grocery prices have not decreased as much as other categories but Robert Reich explains why:
Filing for free is available on IRS.gov CBS reports “The IRS announced that it expects more than 128 million individual tax returns to be filed by the deadline, so they’re trying to help and have MORE
Stocks in the banking industry have fallen since the collapse of SVD and Signature Bank. Shares of the Swiss bank, Credit Suisse were down by more than 20% after its biggest backer, Saudi National Bank, chose not MORE
Although unemployment ticked up a bit to 3.6% from 3.4% in January as more than 400,000 people joined the workforce, US employers added 311,000 jobs in February. January’s job gains were only slightly weaker than 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
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
The US Senate just approved a $1 trillion bipartisan infrastructure plan, which provides momentum for this first phase of Biden’s “Build Back Better.” The vote tally was 69-30; it now heads to the House of Representatives 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
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
Join News Views for a Live Discussion on President Biden’s remarks on the economy. According the White House website, the President should begin his speech at 1:15 PM ET/10:15 AM PT.
Dow Jones and some economists estimated the US would add 1 million new jobs and an the unemployment rate would fall to 5.8%; but…that didn’t happen. The US only added 266K jobs and the unemployment rate MORE
As more people got shots in their arms and more economic aid from the government hit American wallets and bank accounts, ‘gross domestic product, the sum of all goods and services produced in the U.S. MORE
Although the US economy is far from recovering completely since the pandemic hit a year ago, February jobs report show positive signs. According to Bureau of Labor Statistics, “total nonfarm payroll employment rose by 379,000 MORE
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new viral infections. Last week’s total declined from 812,000 the previous MORE