Category Archives: Weekly Financial News

A Gangbusters Employment Report

Posted on November 6, 2017 by Popular Economics Weekly

Popular Economics Weekly Payrolls rose 261,000 in October following an 18,000 rise in September, easily weathering the season’s hurricane disruptions, the government said Friday. But 765,000 dropped out of the labor force, which is why the unemployment rate fell to … Continue reading →

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Increasing Growth Ahead, But Watch for Bubbles!

Posted on November 1, 2017 by Popular Economics Weekly

Financial FAQs Maybe it’s the natural disasters plaguing U.S. Or the fact businesses haven’t been investing in future growth until now. But the times they are a’changin, as GDP grew 3 percent in Q3 for the second quarter in a … Continue reading →

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Who Needs a Tax Cut?

Posted on October 27, 2017 by Popular Economics Weekly

Popular Economics Weekly It turns out very few of us need a tax cut. Marketwatch economist Rex Nutting calculates that those in the 60 percent middle-income brackets—from $32,000 to $140,000 per year—pay just an average 2.5 percent in income taxes. … Continue reading →

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Boom Times for Manufacturing

Posted on October 25, 2017 by Popular Economics Weekly

Popular Economics Weekly A measure used by economists to track investment, known as core capital orders (minus defense and aircraft), rose 4 percent in the 12 months ended in September. It has risen 1.3 percent for three consecutive months, according … Continue reading →

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Rising Existing-Home Sales Not Enough

Posted on October 20, 2017 by Popular Economics Weekly

The Mortgage Corner WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, … Continue reading →

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Republicans Killing the Housing Market

Posted on October 16, 2017 by Popular Economics Weekly

The Mortgage Corner The Trump administration and Republicans’ anti-immigration policies will kill the housing market. Why? Trump wants to cut immigration quotas by 50 percent when there aren’t enough qualified workers to fill current job openings. And congress can’t agree … Continue reading →

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JOLTS Report – Too Many Job Openings!

Posted on October 12, 2017 by Popular Economics Weekly

Financial FAQs The Labor Department reported today that there were 6.1 million job openings in August in its JOLTS report, or Job Openings and Labor Turnover Survey, which was “little changed” from July, while hirings remained far behind at 5.430 … Continue reading →

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A Poor Employment Report?

Posted on October 10, 2017 by Popular Economics Weekly

Popular Economics Weekly What does it mean when 33,000 nonfarm payroll jobs were lost in September? Not much, when many of the losses came from the hurricanes that threw 1.5 million out of work, according to Marketwatch’s Jeff Bartash, and … Continue reading →

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Time to Build More Homes!

Posted on October 5, 2017 by Popular Economics Weekly

The Mortgage Corner The National Association of Home Builders (NAHB) analysis of Census Construction Spending data shows that total private residential construction spending is soaring, as it rose to a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, … Continue reading →

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Who Needs a Tax Cut?

Posted on September 29, 2017 by Popular Economics Weekly

Popular Economics Weekly It turns out very few of us need a tax cut. Marketwatch economist Rex Nutting calculates that those in the 60 percent middle-income brackets—from $32,000 to $140,000 per year—pay just an average 2.5 percent in income taxes. … Continue reading →

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