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Tag Archives: tariffs
Where are the Workers?
Popular Economics Weekly The number of job openings rose to 7.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged employment, GDP growth, JOLTS report, tariffs, unemployment report
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Who’s Most Damaged by Trade Wars??
Popular Economics Weekly Why cannot the Trump administration make $1 + $1 = $2? It’s obvious to all major economists and anyone with basic arithmetic skills that foreign tariffs not only raise the prices of those imports to US, which … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged balance of trade, foreign trade, tariffs, trade deficit
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Can US Service Sector Boom Reduce Our Deficits?
Popular Economics Weekly Econoday.com All 18 non-manufacturing industries reported growth in February, according to the ISM’s non-manufacturing index, which gives a monthly overview of service sector activity. This is huge and says the service sector that makes up two-thirds of … Continue reading
Can U.S. Economy Weather Trade Wars?
Financial FAQs Econoday.com Why is manufacturing doing so well in the face of rising tariffs—in January when mid-winter business activity tends to slow? Consumers flush with cash from rising wages and full employment are powering higher domestic demand. Exports, on … Continue reading
What Happened to Consumers’ Confidence?
Financial FAQs http://www.sca.isr.umich.edu/ Consumer sentiment declined in early January to its lowest level since Trump was elected, reported the December U. of Michigan sentiment survey. It’s down for a number of reasons—too many reasons, and economists are consequently beginning to … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged Consumer sentiment, Federal Reserve, interest rates, nafta, tariffs, Trump administration
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A Week of Conflicting Growth Signals
Popular Economics Weekly Econoday How do we reconcile the fact that industrial production in 2018 was very good, probably due to producers stocking up before more new tariffs are announced, and consumer sentiment has plunged to a 2-year low because … Continue reading
Is There Too Little Inflation?
Financial FAQs The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis after being unchanged in November, the U.S. Bureau of Labor Statistics reported Friday. Over the last 12 months, the … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged CPI, Federal Reserve, inflation, Janet Yellen, tariffs
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Weaker Employment Report Due to Trade Wars?
Financial FAQs MarketWatch.com Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged foreign trade, Great Recession, President Trump, tariffs
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Trade Wars Hurt U.S. the Most!
Popular Economics Weekly Econoday.com Is the trade war hurting U.S. jobs? Yes, says Mauldin Economics’ Patrick Watson, among others. Watson uses US automakers as an example. Ford and GM estimate that the 25 percent steel and 10 percent aluminum tariffs … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged Chinese economy, G20 summit, tariffs, trade deficit
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What Really Is Fair Trade?
Popular Economics Weekly China is our trading partner with the largest deficit; $506 billion in exports to the US vs. $130 billion in imports from US for a -$376 billion trade deficit in 2017. Canada is the 2nd largest partner … Continue reading
Posted in Consumers, Economy, Macro Economics, Weekly Financial News
Tagged foreign trade, nafta, tariffs, tpp, trade deficit
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