Tag Archives: GDP growth

What Happened to the Minimum Wage?

Posted on February 28, 2025 by Popular Economics Weekly

Popular Economics Weekly As of January 2025, Alabama, Louisiana, Mississippi, South Carolina, and Tennessee have not adopted a state minimum wage. This means that workers in these states earn the federal minimum wage of $7.25 per hour. PBS.org Currently, just 34 states, territories … Continue reading →

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Who Is Going to Mars?

Posted on February 27, 2025 by Popular Economics Weekly

Answering Kennedy’s Call “There is nobody in this country who got rich on their own. Nobody. You built a factory out there – good for you. But I want to be clear. You moved your goods to market on roads … Continue reading →

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Are Consumers In Danger?–Part II

Posted on February 26, 2025 by Popular Economics Weekly

The Mortgage Corner “In February, consumer confidence registered the largest monthly decline since August 2021, This is the third consecutive month on month decline, bringing the Index to the bottom of the range that has prevailed since 2022.” Stephanie Guichard, … Continue reading →

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Does Trump Want Another War?

Posted on February 20, 2025 by Popular Economics Weekly

Answering Kennedy’s Call “I’m not sure most Americans appreciate the monumental damage President Trump is doing to the post-World War II order that is the wellspring of American global leadership and affluence.” NYTimes Nicholas Kristof USAToday There is a growing … Continue reading →

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Inflation Is Back?

Posted on February 14, 2025 by Popular Economics Weekly

Popular Economics Weekly “Kentuckians can’t afford the high cost of Trump’s tariffs,” which could cost the average Kentucky resident $1,200 a year. “[P]reserving the long-term prosperity of American industry and workers requires working with our allies, not against them.” Senator … Continue reading →

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Are Consumers In Danger?

Posted on February 12, 2025 by Popular Economics Weekly

The Mortgage Corner Total consumer credit rose $40.8 billion in December, after a $5.4 billion decline in the prior month, the Federal Reserve said last Friday. In percentage terms, it is the biggest gain since June 2022. FREDconsumercredit Will consumers lose … Continue reading →

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The Tariff Wars–Part III

Posted on February 11, 2025 by Popular Economics Weekly

Popular Economics Weekly “It is inconceivable that other countries won’t retaliate, even if some of the governments might not want to retaliate, their citizens will demand that you can’t allow yourself to be beaten up. When you make like a … Continue reading →

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Was It a Good Employment Report??

Posted on February 8, 2025 by Popular Economics Weekly

Popular Economics Weekly Total nonfarm payroll employment rose by 143,000 in January, and the unemployment rate edged down to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, and social assistance. … Continue reading →

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The Tariff Wars–Part II

Posted on February 3, 2025 by Popular Economics Weekly

Financial FAQs “Trump has called “tariff” the fourth most beautiful word in the dictionary behind “God”, “love” and “religion.” CNN FREDdebt/GDP On Saturday, President Trump, just 11 days into his second term, said he will impose a 25 percent tariff … Continue reading →

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Why Inflation Still a Problem?

Posted on January 31, 2025 by Popular Economics Weekly

Financial FAQs The Fed’s preferred inflation gauge, Personal Consumption Expenditures Index (PCE) isn’t declining because consumers continue to spend more than they earn. Why? BEA.gov Such spending gave a boost to retail sales and so made holiday shoppers happier. But … Continue reading →

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