economy

Inflation Rate Falls Below Three Percent, Lowest Rate Since 2021

08/14/2024 Ms. G 0

Grocery prices have not decreased as much as other categories but Robert Reich explains why:

Yes, It’s One of Those Two Sure Things: Tax Time Starts Today

01/30/2024 Rachel Kennedy 0

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

DOW Falls 500 Points Amid Global Banking Fears

03/15/2023 Ms. G 0

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

About that ‘Weak Economy’ Under President Biden: Employers added 311,000 jobs in February

03/10/2023 Ms. G 0

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

December Jobs Report: US economy adds fewer jobs than expected

01/07/2022 Ms. G 0

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

Future Points to a “Biden Boom” in 2022

12/10/2021 PMSwithESP 0

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

President Biden will announce decision to release oil from Strategic Petroleum Reserve to combat soaring gas prices

11/23/2021 Ms. G 0

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

Moody’s concludes Biden’s spending plans will not add to inflationary pressure

11/17/2021 Ms. G 0

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

US Senate Passes $1 Trillion Dollar, Bipartisan Infrastructure Bill

08/10/2021 Ms. G 0

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

June’s job report: US added 850,000 jobs; much better than expected

07/02/2021 Ms. G 0

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

US added 559,000 jobs in May; unemployment rate fell to 5.8 percent

06/04/2021 Ms. G 0

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

President Biden speaks on the economy

05/10/2021 Ms. G 0

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.

April Jobs Report: US added a paltry 266K jobs; unemployment ticks up

05/07/2021 Ms. G 0

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

U.S. GDP jumps 6.4 percent in first quarter, showing signs of boom to come

04/29/2021 Ms. G 0

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

February Jobs Report: US adds 379,000 jobs

03/05/2021 Ms. G 0

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

Weekly jobless claims remain high despite decline in new COVID-19 cases

02/11/2021 Ms. G 0

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

What is going on with Gamestop’s shares?

01/28/2021 Great Gazoo 0

GameStop is a retail chain with about 5,000 locations across North America which, as its name suggests, sells video games and game-related accessories. Like many retailers, its business has been under pressure for several years MORE

Shutdowns in Blue states did not cause the pandemic jobs losses

01/25/2021 Ms. G 0

People started staying at home before the shutdowns were ordered, data shows With the input Indiana University economists Sumedha Gupta, Kosali Simon and Coady Wing, the Washington Post released their conclusions on pandemic-related economic research. In MORE