November 5, 2021
“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…
November 3, 2021
“EDITOR’S NOTE: Market Watch explains why inflation is happening and how it will push the economy back closer to its pre-pandemic “normal” state. “Inflation is always caused by too much money chasing too few goods,” and the abundance of money… Continue Reading…
November 3, 2021
“EDITOR’S NOTE: A recently released Federal Reserve Bank of Dallas report on price hikes shows that “a record 50.5 percent of manufacturers had raised prices on their finished goods in October, while just 0.7 percent cut prices,” according to Breitbart.… Continue Reading…
October 28, 2021
“The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their… Continue Reading…
October 22, 2021
“…Gas keeps getting more and more expensive, especially in California. But perhaps nowhere is it pricier than the remote central coast community of Gorda. The town’s only gas station is offering regular unleaded for $7.59. Premium is nearly $8.50. The… Continue Reading…
October 20, 2021
“The trucking industry is short 80,000 drivers, a record high, Chris Spear, President and CEO of the American Trucking Associations, tells CNN. That’s a 30% increase from before the pandemic, when the industry already faced a labor shortage of 61,500… Continue Reading…
October 19, 2021
“With the ports of Los Angeles and Long Beach now running 24/7 operations, a new problem has occurred. Many of the shipping containers that spent weeks onboard ships waiting to be unloaded are now being dumped in nearby neighborhoods once they’re emptied…… Continue Reading…
October 18, 2021
“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…
October 15, 2021
“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…
October 14, 2021
“The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total… Continue Reading…
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