Tag Archives: GDP growth

US Growth Full Speed Ahead?

Posted on September 26, 2024 by Popular Economics Weekly

Popular Economics Weekly Any signs of a recession are declining. The U.S. economy is picking up speed in the BEA’s third and final revision of second quarter GDP growth. The U.S. economy has held the 3.0 percent growth rate, mostly due to strong consumer … Continue reading →

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The Confused Consumer

Posted on September 24, 2024 by Popular Economics Weekly

Financial FAQs The Conference Board’s index of consumer confidence sank to 98.7 this month from a revised 105.6 in August the Conference Board said Tuesday. Consumer confidence dropped in September to near the bottom of the narrow range that has … Continue reading →

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Immigrants Drive Republicans Crazy!

Posted on September 17, 2024 by Popular Economics Weekly

Answering Kennedy’s Call The stakes are enormous if Republicans succeed in removing most of the estimated 11 million undocumented workers (only half of which are from Mexico and the Latin countries), and cut legal immigration in half, as they have promised to … Continue reading →

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Inflation Still in Decline

Posted on September 12, 2024 by Popular Economics Weekly

Popular Economics Weekly The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics. Over the last 12 months, the all items … Continue reading →

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Why No Recession?

Posted on September 4, 2024 by Popular Economics Weekly

Financial FAQs I said last month we know why the US economy is still growing. Consumers keep spending, and the unemployment rate, though rising, is just 4.2 percent. The second revision of second quarter economic growth confirms this as well, … Continue reading →

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Consumers Are Still Solvent?

Posted on August 17, 2024 by Popular Economics Weekly

Popular Economics Weekly FREDretailfoodservices My recent blogs have been questioning how long consumers can keep shopping for good reason; their debts have been piling up, which seems to mean they have been able to borrow enough to stay in the … Continue reading →

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Is This Another Upswing?

Posted on August 15, 2024 by Popular Economics Weekly

Answering Kennedy’s Call Something is going on in the American culture and psyche, a change that I believe will return us to a more optimistic era of hope and possibilities. I see what Pulitzer prize-winner and Political Scientist Robert Putnam (author … Continue reading →

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Too Many New Jobs?

Posted on December 2, 2022 by Popular Economics Weekly

Popular Economics Weekly FREDavghourlywages The Fed Governors won’t like this morning’s unemployment report. The U.S. Census Bureau just reported that 263,000 nonfarm payroll jobs were created in November and average hourly wages are still rising 5.1 percent annually. To make … Continue reading →

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Is Inflation Scare Over?

Posted on August 12, 2022 by Popular Economics Weekly

Financial FAQs BLS.gov Both the retail Consumer Price Index (CPI) and wholesale inflation index for raw materials—the Producer Price Index (PPI)—fell in July. Since the PPI feeds into retail prices, it’s a sure sign that inflation is on the wane. … Continue reading →

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No Real Slowdown in US Recovery

Posted on October 25, 2021 by Popular Economics Weekly

Popular Economics Weekly FRED The latest survey of US businesses shows little diminishing of economic activity in the near future. A survey of senior business executives in service-oriented companies, such as retailers and banks, rebounded to a three-month high of … Continue reading →

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