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Economy

“Economy added 263,000 jobs in April, unemployment falls to lowest level since 1969”

The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor… The nation’s unemployment level fell to 3.6 percent, the lowest since December 1969, and average… Continue Reading…

Personal Finance, Predictions, Opinions, & Comments

“Social Security Costs to Exceed Income in 2020, Trustees Say”

“WASHINGTON—Social Security’s costs are expected to exceed its income in 2020 for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits…” https://www.wsj.com/articles/social-security-trust-fund-to-be-depleted-in-2035-trustees-say-11555946113 If you’re young don’t count on social… Continue Reading…

Economy

“US economy grows by 3.2% in the first quarter, topping expectations”

“First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015… Continue Reading…

Economy

“Social Security shortfall: Trust fund to run dry in 2035, trustees predict”

“Social Security’s Opens a New Window. reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits Opens a New Window. in full. That’s according to the annual… Continue Reading…

Economy, Real Estate

“Home sales fall 4.9% in slow start to spring buying season”

“Sales of existing U.S. homes Opens a New Window. fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties Opens a New Window. . The National Association of… Continue Reading…

Business, Economy

“…small businesses shows signs of cooling”

“The number of small business sales counted by online market BizBuySell.com fell 6.5% during the first quarter from the same period of 2018, following a 6% fourth quarter drop. BizBuySell.com reported 2,504 first quarter transactions, down from 2,678 a year… Continue Reading…

Economy

“Central Florida cities among fastest growing in US”

“Metro Orlando grew by 60,000 residents last year, almost as large as the number of people who can fit into the city’s Camping World Stadium, where college football bowl teams face off each winter. The Tampa area grew last year… Continue Reading…

Economy

“US manufacturing flat in March, capping weak Q1”

“American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported Tuesday. That weak performance has contributed to fears about a slowing… Continue Reading…

Economy

“Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low”

“The federal government spent $2,198,468,000,000 in the first six months of fiscal 2019 (October through March), which is the most it has spent in the first six months of any fiscal year in the last decade, according to the Monthly… Continue Reading…

Economy, Personal Finance

“America’s Upper Middle Class Feeling the Pinch Too”

“The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt… Credit card interest rates… Continue Reading…