Amazon evades federal tax bill after doubling profits from 2017
For the second straight year, online commerce giant Amazon will pay zero dollars in federal…read more→
Economy churns out over 300,000 jobs in January as wages continue to rise
Hiring by U.S. employers dramatically exceeded expectations for January, according to the Department of Labor’s…read more→
US, Canada reach consensus for new NAFTA accord, renamed USMCA
The U.S. and Canada struck a last-minute deal Sunday evening to revise NAFTA, ending months…read more→
August jobs surge with 201K added to payrolls, jobless claims fall to 49-year low
UPDATE — 9/12, 11:46 p.m. EDT: U.S. Census Bureau data released Wednesday shows median household income…read more→
Trump to sign renegotiated NAFTA deal with Mexico; AFL-CIO weighs in
UPDATE — 9/14, 12:09 p.m. EDT: Speaking at a private GOP fundraiser Wednesday, President Trump reportedly…read more→
Cost of living increases have outpaced wage growth since Trump took office
While hourly wages have increased, inflation has gone up much faster in the U.S. since…read more→
The politics of 4.1 percent GDP growth
America’s latest Gross Domestic Product (GDP) number was released Friday by the Commerce Department showing…read more→
US imposes steel tariffs on allies; EU, Mexico, Canada to retaliate
The Trump administration announced Thursday it will impose tariffs on imported steel and aluminum from…read more→
Trump signs bill dismantling Dodd-Frank banking regulations
While surrounded by GOP lawmakers at the White House on Thursday, President Trump signed legislation…read more→
Threat of US tariffs on China could result in fairer, freer trade deal
UPDATE 2 — 4/10, 11:17 a.m. EDT: Speaking Tuesday at an annual business conference in Boao,…read more→
UPDATE: Trump signs aluminum, steel tariffs into law
UPDATE 2 — 3/8, 3:50 p.m. EST: Speaking Thursday afternoon at a signing ceremony from…read more→
Support rises for Trump tax cuts among American public, businesses
In the two months since its passage, public support for the Tax Cuts and Jobs Act (TCJA),…read more→
Unemployment statistics, stock market prices hide deeper problems in US economy
President Trump has been touting declining unemployment rates and a once-rising stock market as proof…read more→
Conservative magazine falsely claims California has highest poverty rate in America
The National Review recently published an article by Kerry Jackson claiming that California had the…read more→
Rural, urban poverty increase nationwide: How does your neck of the woods stack up?
Recently, the Carsey School of Public Policy at the University of New Hampshire (UNH) published…read more→
America adds 228,000 jobs in November
According research complied by the Bureau of Labor Statistics (BLS), the U.S. economy saw an increase of…read more→
Trump nominates Jerome Powell to lead Federal Reserve
UPDATE — 11/20, 8:48 p.m. EST: Federal Reserve Chair Janet Yellen informed President Trump in a…read more→
What predicts increase in the ‘living wage’ for cities and counties?
In a previous post this author looked at how cities and counties that have passed “living wage”…read more→
GOP tax reform plan scrutinized by budget hawks, middle class advocates
UPDATE — 10/4, 10:34 a.m. EDT: Congressional Republicans in states with Democratic majorities have started to…read more→
What do American cities with a ‘living wage’ have in common?
Over the past 15 years, there have been numerous local initiatives to increase the minimum…read more→
Federal Reserve vice chair’s resignation fuels speculation about Trump nominations
In a letter to President Trump delivered Wednesday, Federal Reserve Vice Chairman Stanley Fischer reveals…read more→
Study: 78 percent of Americans live paycheck to paycheck
A recent study commissioned by job resource company CareerBuilder found that 78 percent of Americans…read more→
Trump pushes tax reform, urges Congress to enact 15 percent corporate tax rate
UPDATE 2 — 9/7, 2:41 p.m. EDT: Speaking at a New York Times-hosted forum Thursday, House…read more→
July yields 209,000 jobs; June numbers revised up 10,000 as trade deficit shrinks
After a brief slowdown in hiring this spring, the Bureau of Labor Statistics released its…read more→
Consumer Financial Protection Bureau bans finance companies from blocking lawsuits
The Consumer Financial Protection Bureau (CFPB) banned most types of arbitration clauses on Monday, ending…read more→
America’s employment situation: 222K jobs created in June, Fed optimistic
The Bureau of Labor Statistics (BLS) reported Friday that 222,000 public and private jobs were created…read more→
BLS reports record low unemployment rates across the country
The Bureau of Labor Statistics (BLS) reports unemployment is falling to record low rates. Jobless…read more→
Fed raises base interest rate in show of confidence for US economy
On Wednesday, the U.S. Federal Reserve raised interest rates, indicating a growing confidence in the…read more→
Trump starts NAFTA renegotiation process
President Trump fulfilled one of his major campaign promises Thursday by starting the process to…read more→
Economy adds 211,000 jobs in April; Unemployment claims lowest in 3 decades
One month following a lower-than-expected report for jobs in March, the Bureau of Labor Statistics (BLS)…read more→
March jobs report falls way short of expectations; manufacturing rises as unemployment falls to decade-long low
According to data released by the U.S. Bureau of Labor Statistics Friday, 98,000 new jobs were…read more→
January yields 227,000 jobs; White House, Democrats fight over glory
Data released by the Bureau of Labor Statistics (BLS) on Friday revealed January payrolls increased to…read more→
Mexico sets new record for remittances, second largest source of foreign income
Mexico’s central bank announced Wednesday that remittances from foreign countries set a new all-time record…read more→
Global wealth inequality continues to increase as over half of population says system has failed
Two studies released ahead of the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, reveal that…read more→
Credit rating agency agrees to $864M settlement for role in 2008 financial crisis
The U.S. Department of Justice announced Friday that financial services company Moody’s Corp. has agreed to…read more→
President Obama’s final jobs report reveals mediocre results for 2016
The Bureau of Labor Statistics (BLS) released its monthly jobs report Friday revealing December 2016 produced…read more→
Ford plans to produce 7 new vehicle lines in Michigan by 2021, move Focus to Mexico
Ford Motor Co. announced Tuesday that it will cancel a $1.6 billion compact vehicle production…read more→
Census Bureau data shows wealth continues to concentrate in DC suburbs
The U.S. Census Bureau released its 2015 Small Area Income and Poverty Estimates (SAIPE) program data…read more→
Liberals, conservatives describe Carrier deal as ‘corporate welfare’
Fallout from President-elect Donald Trump’s announcement on Thursday that air conditioning and refrigeration company Carrier…read more→
New home construction hits decade-long high as Fed signals rate-hike
New U.S. home construction hit a nine-year high at an annualized, seasonally-adjusted rate of 1.323 million…read more→
Report: US economic growth beats expectations in Q3
The Commerce Department reported Friday that the U.S. economy grew at an annualized rate of…read more→
Unemployment insurance applications fall to four-decade low
A U.S. Department of Labor report released Thursday showed that jobless claims remain at their…read more→
September jobs weaker than expected; unemployment rises to 5 percent
A Bureau of Labor Statistics report released Friday revealed the economy produced 156,000 September jobs, a…read more→
Price of marijuana drops 40 to 66 percent in Colorado, Washington
The wholesale price of marijuana in Colorado has continued to plummet since recreational use of…read more→
Home ownership hits all-time low for millennials and all Americans
The U.S. Census Bureau released data Thursday showing that home ownership in America is now…read more→