Category Archives: Consumers

December Job Formation Slipping

Posted on January 10, 2020 by Popular Economics Weekly

Popular Economics Weekly MarketWatch This MarketWatch graph gives an instant picture of December payroll formation. The consumer-driven service sector is booming with more than 154,000 nonfarm payroll jobs created in December, but 19,000 jobs were lost in the Mining and … Continue reading →

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Today’s Very Unequal, Minimum Wage Laws

Posted on January 1, 2020 by Popular Economics Weekly

Financial FAQs nymag.com This New Year is a good time to talk about our record income inequality, in the hope that it can be improved. Because it’s the reason a minority of white male Republicans have been able to hold … Continue reading →

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A New Year’s Wish—Greater Prosperity for All of US!

Posted on December 26, 2019 by Popular Economics Weekly

Popular Economics Weekly Although this cannot happen until results of the 2020 presidential election overturn a Republican Senate, I wish for something that President Eisenhower has said best. With higher tax rates that prevailed in the 1950-1970s, corporations in the … Continue reading →

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Q3 GDP Unchanged

Posted on December 20, 2019 by Popular Economics Weekly

Popular Economics Weekly FRED The Commerce Department’s final estimate of third quarter U.S. economic growth was unchanged at 2.1 percent, as strong consumer spending was offset by weaker business investment and shrinking inventories. Consumers were the difference, as they kept … Continue reading →

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Full Speed Ahead for Housing Construction, Sales?

Posted on December 17, 2019 by Popular Economics Weekly

The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading →

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Why are Consumers Buying Less?

Posted on December 12, 2019 by Popular Economics Weekly

Financial FAQs Wrightson.com President Trump tweeted this morning that U.S. and China were close to a “really big deal”, and stocks rallied with the S&P up as much as 30 points and the DOW 250 points higher in early trading. … Continue reading →

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Big November Employment Boost

Posted on December 6, 2019 by Popular Economics Weekly

Financial FAQs MarketWatch.com Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional … Continue reading →

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Economic Growth…Watch Out Below—Part II!

Posted on December 2, 2019 by Popular Economics Weekly

Popular Economics Weekly Wrightson.com It is obvious from the above graph that manufacturing activity is contracting, whereas the service industries continue to grow.  Exports that depend mostly on manufactured goods are therefore declining, while imports that depend on consumers will … Continue reading →

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Consumer Confidence Is Boosting Housing

Posted on November 26, 2019 by Popular Economics Weekly

The Mortgage Corner StLouisFRED New-home sales are now back to the long term average in the above graph that dates back to the 1960s, and consumers are still reasonably confident of their future. “Sales of new single‐family houses in October … Continue reading →

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Is It Start of a New Housing Boom?

Posted on November 20, 2019 by Popular Economics Weekly

The Mortgage Corner Calculated Risk We should be careful in announcing a new housing boom. It can be a two-edged pronouncement, since a housing bust followed the last housing boom and precipitated the Great Recession. But it certainly looks like … Continue reading →

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