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Economy

“Robots outnumber human workers in this autonomous truck yard north of Denver”

“While people still outperform robots in a variety of tasks, economists predict that Outrider and other companies around the world are leading a shift that will displace millions of workers in retail, trucking and manufacturing over the coming decades. In Colorado,… Continue Reading…

Economy

“…A record number of Americans say they won’t be buying holiday gifts this year”

“The rising prices for fuel, grocery items and other goods are weighing on many shoppers’ minds. Consumer confidence hit a 10-year low in November, according to the University of Michigan Consumer Sentiment Index, as inflation climbed to the highest levels since… Continue Reading…

Economy, Real Estate

“US home sales rose again in October”

“…Existing-home sales, which include completed transactions that include single-family homes, townhomes, condominiums and co-ops were up 0.8% from September to a seasonally adjusted annual rate of 6.34 million in October. Home sales were down 5.8% from a year ago, which… Continue Reading…

Economy

“A record number of Americans quit their jobs in September”

“…A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.Workers are quitting in search for better pay or better jobs, representing a fundamental shift in America’s labor market…. The… Continue Reading…

Economy

“Here’s why groceries keep getting more expensive”

“…Food manufacturers and grocers have faced higher costs for commodities, labor, transportation and other expenses during the pandemic. Those costs have escalated in recent months, leading manufacturers to pass off some of these costs to their retail customers, who in… Continue Reading…

Economy

“US Trade Deficit Hits All Time High in September at $80.9 Billion”

“EDITOR’S NOTE: The Associated Press reports that “the U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, continue to climb.” This September… Continue Reading…

Business

“$283,927,000,000: Federal Tax Collections Set Record in October”

“(CNSNews.com) – The federal government, according to the Monthly Treasury Statement, collected a record $283,927,000,000 in total taxes in October, which was the first month of fiscal 2022. Federal spending hit $448,983,000,000 in October, which was the second highest ever for… Continue Reading…

Economy

“U.S. Electricity Costs Surge Most Since 2009 as Weather Cools”

“The price of electricity in October increased 6.5% from the same month a year ago while consumer expenses paid to utilities for gas went up 28%, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics. Fuel oil… Continue Reading…

Economy

“Americans have never been in so much debt”

“American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again.Between July and September, US household debt climbed to a new record of $15.24 trillion,… Continue Reading…

Economy

“…More Than 100 Million Not in Labor Force for 14th Straight Month; No Job, Not Looking”

“The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this “not… Continue Reading…