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Economy

Amazon evades federal tax bill after doubling profits from 2017

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

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

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

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

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

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

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

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

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

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: 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

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

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

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?

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

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

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?

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

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?

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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 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

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’

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 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

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

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

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

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

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→

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