Category Archives: Weekly Financial News

What Happened to Rising Wages?

Posted on August 15, 2017 by Popular Economics Weekly

Popular Economics Weekly Everything should point to higher wages and salaries ahead for employees with a 4.3 percent unemployment rate and record corporate profits, but corporate profits go mainly to their executives and owners (and their stockholders) these days. The … Continue reading →

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More Job Openings, Fewer Hirings Mean What?

Posted on August 11, 2017 by Popular Economics Weekly

Popular Economics Weekly The job market continues to fluctuate, as job openings rose sharply in June to 6.163 million from 5.702 million in May. Hires, however, fell sharply, to 5.356 million from 5.459 million. This data set can be volatile … Continue reading →

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Another Great Jobs Report?

Posted on August 5, 2017 by Popular Economics Weekly

Financial FAQs No economist predicted another 209,000 private payroll jobs would be created in July, or that the last 2 months’ total would be 431,000, or the y-t-d total would be 1,290,000 payroll jobs created this year. But they should … Continue reading →

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Great Q2 GDP Growth, But Q3?

Posted on August 1, 2017 by Popular Economics Weekly

Popular Economics Weekly Second quarter GDP came in at a 2.6 percent annualized growth rate. This is one of the best showings of the last 2 years and keeps overall growth at 2 percent; because first quarter’s growth was downwardly … Continue reading →

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The End of Easy Money?

Posted on July 27, 2017 by Popular Economics Weekly

Popular Economics Weekly The Fed just completed its July FOMC meeting and said the sale of some of its $4.5 trillion in securities would begin this year. CNBC has predicted the first installment of $300B in sales could begin anytime. … Continue reading →

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Home Sales Disappoint

Posted on July 25, 2017 by Popular Economics Weekly

The Mortgage Corner Existing-home sales were at a 5.52 million seasonally adjusted annual rate in June, the National Association of Realtors said Monday. That was 0.7 percent above the year-ago rate, but 1.8 percent lower than in May and marked … Continue reading →

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Full Employment Is Here, But No Inflation (Revised)

Posted on July 21, 2017 by Popular Economics Weekly

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 →

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Housing Starts Rebound, For How Long?

Posted on July 20, 2017 by Popular Economics Weekly

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 →

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Full Employment Here, But No Inflation?

Posted on July 14, 2017 by Popular Economics Weekly

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 →

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Minimum Wage Raises Should Boost Employment, Spending

Posted on July 12, 2017 by Popular Economics Weekly

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 →

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