The current US recession is very deep. But it will likely be short-lived. The first round of Fededral stimulus aid did halt the spring economic decline.
Fed Chair Powell had good news Wednesday on sustaining near zero interest rates. He also had some positive if time-delayed news on the US GDP as well.
WASHINGTON: According to the Labor Department, the US economy added a whopping 312,000 jobs in December. The good news is that’s roughly twice what experts had forecasted. In addition, the unemployment rate increased from 3.7% to 3.9%. That too is good news. In total, the US economy added more than 2.6 million jobs in 2018, ...
Last week’s Q2 GDP estimate from the Atlanta Fed proved to be a real eye-opener. Though just a rolling estimate, this latest data dump by the Atlanta Fed would seem to indicate that at least in a business sense, President Trump’s MAGA Revolution is well underway.
The consensus view is that U.S. economic growth in 2018 will come in at about 3 percent Some economists think the number could be much higher.
Democrats need to stop whining and start working If the Democrat's message continues to be to vote for Dems because they will resist Trump, it is and will be a losing message.
The tax cut goal is to stimulate the long-stagnant American economy by passing cuts whose primary purpose is to significantly increase economic growth. Democrats don't get it.
The benefits of tax reform will be more than a paycheck increase. For millions it will be a paycheck, particularly for new college graduates
In the second quarter of this year, growth was running at a 2.6% rate. Trump wants to increase that number to 4% annually.
Paul Krugman sees vibrant growth and job creation in an economy that has added only 5 million jobs above the pre-recession level, with GDP up only 2% per year.
Obamacare's employer mandate, economic slowdowns abroad, the gap since our last recession and Fed policy all point to a recession this year. But maybe not.
WASHINGTON, Nov. 20, 2015 — After the horrific attack on innocent people in Paris last week, the nation is consumed with waiting to see how our elected officials will respond. There are the questions of how to deal with ISIS and how to set immigration policy. Since the economy was the primary concern prior to ...
The Busler Single Rate Tax plan will fairly and efficiently reach all of the nation's economic goals and ultimately solve almost all of its economic problems.
WASHINGTON, Oct. 3, 2015 − Recently released jobs data indicates that only 142,000 new jobs were created in September. Worse, the August number was revised downward to show only 136,000 jobs created. While the Obama administration continues to tell us that the economy is strong and the unemployment rate is down to 5.1 percent, the ...
The reason for Obama’s poor performance is simple. President Obama doesn’t understand the role of economic policy.
We have said many, many times here that in today’s politics, if you lie long enough and loud enough, people will think those lies are the truth.
WASHINGTON, April 4, 2015 — In March, the U.S. economy created 126,000 new jobs. This was the worst performance of this measure since December 2013, and it was far below the 269,000 jobs per month that the economy has been averaging over the past 12 months. In addition, the job numbers for January and February were revised ...
WASHINGTON, December 21, 2014 — For the fifth consecutive year, the U.S. GDP has been forecast to grow by more than 3 percent. And for the fifth consecutive year, it will grow by just over 2 percent. Economists could refer to this as a “growth recession” that should have ended years ago with a period of strong expansion, but ...
WASHINGTON, August 25, 2014 – The Obama Administration is pleased to report the continued growth of GDP. Their policies are working; the economy is fine. We have the number to prove it. It is time for politicians and journalists to recognize something that has become very clear to many economists: Gross Domestic Product (GDP) is ...
The problem is that while there is a net gain in jobs, the economy lost full time jobs and gained part-time jobs. The employment gains will not necessarily lead to growth in the economy..