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Author Archives: Popular Economics Weekly
Full Employment Is Here, But No Inflation (Revised)
Financial FAQs The Bureau of Labor’s JOLTS Job Openings and Labor Turnover Survey out Tuesday showed a huge boost in hiring and shrinkage of available jobs. What to make of it with almost nonexistent inflation, and the Fed’s Janet Yellen … Continue reading
Housing Starts Rebound, For How Long?
The Mortgage Corner The Conference Board’s Index of Leading Indicators that predicts future growth says it is being boosted by a rebound in housing starts, which means more badly needed new homes being built. Its June report posted a 0.6 … Continue reading
Full Employment Here, But No Inflation?
Financial FAQs The Bureau of Labor Statistic’s JOLTS Job Openings and Labor Turnover Survey out Tuesday showed a huge boost in hiring and shrinkage of available jobs. What to make of it with almost nonexistent inflation, and the Fed’s Janet … Continue reading
Minimum Wage Raises Should Boost Employment, Spending
Financial FAQs Minimum wages are about to rise in several cities, and eventually states. San Francisco and Los Angeles minimums rose last weekend to $14 and $12 per hour, respectively, and ultimately to $15 per hour by 2021. But Seattle, … Continue reading
Great Employment Report
Popular Economics Weekly The U.S. created 222,000 new jobs in June as hiring accelerated in the spring, showing that companies are still finding ways to add staff despite a growing shortage of skilled workers. The increase in new jobs was … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged BLS, gas taxes, private payroll employment, unemployment report
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Interest Rates On the Rise!
Financial FAQs Central Banks everywhere seem to be following our Federal Reserve in selling bonds they had accumulated to keep interest rates low for so long—in fact, since the end of the Great Recession. They also seem to be crossing … Continue reading
What Health Care System Do Americans Want?
Popular Economics Weekly This is a quiz. What country had the second-highest mortality from noncommunicable conditions — like diabetes, heart disease or violence — and the fourth highest from infectious disease? Also, what country has the highest chance of dying … Continue reading
Housing Shortage Continues
The Mortgage Corner It was very good news that new-home sales rose nearly 3 percent in May to a 610,000 annualized rate. The report, always volatile, included a big upward revision to April which however, at 593,000, is still the … Continue reading
Consumers Not Shopping Anymore?
Popular Economics Weekly What has happened to second quarter economic growth? Economists had been predicting 3 percent plus GDP growth for Q2, but consumers are cutting back instead. Retail sales have fallen with inflation, not a good sign for demand, … Continue reading
Posted in Consumers, Economy, Weekly Financial News
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Why Home Sales Rising Fast, Construction Lagging?
The Mortgage Corner We are once again in a housing conundrum. May Existing-home sales just surged 1.1 percent to 5.62 million units, after falling for several months. And housing starts fell for the third straight month an unexpected 5.5 percent … Continue reading
