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Employment Near Record Low but Job Rate is Slowing

Employment Near Record Low but Job Rate is Slowing

US payrolls saw a healthy bump in July, with wage gains indicating a strong labor market as we head into this week’s interest-rate cut from the Federal Reserve. According to the United States Department of Labor, employment... 
Farm Aid Details Released

Farm Aid Details Released

Details of a $16 billion federal aid package intended to help farmers hurt by the current trade war with China have been released. According to a statement from the Agriculture Department, 50 percent of farmers’ aid will be... 
Durable Goods in the US Take A Big Dip

Durable Goods in the US Take A Big Dip

New US orders on durable goods fell for the second straight month in May, largely complications at Boeing impacting demand for aircraft.  But the consecutive decline suggests a bigger issue in the manufacturing sector... 
More Tariffs Proposed For EU Goods

More Tariffs Proposed For EU Goods

The U.S. Trade Representative’s (USTR) office in Washington has published a list of $4 billion worth of European Union goods to target in retaliation for European aircraft subsides. The tariffs cover 89 products, including meat,... 
Mexico Senate Ratifies USMCA Trade Deal

Mexico Senate Ratifies USMCA Trade Deal

Mexico has become the first country to ratify the United States-Mexico-Canada Agreement (USMCA). Mexican President Andrés Manuel López Obrador’s administration submitted the required texts for Mexican lawmakers to approve... 
China Set To Retaliate Over U.S. Blacklist

China Set To Retaliate Over U.S. Blacklist

The Chinese government may be about to take the first step toward retaliating against the United States over its blacklisting of Chinese firms. According to China’s Ministry of Commerce, an “unreliable entities list” of... 
US Home Sales Down On Extended Slide

US Home Sales Down On Extended Slide

Sales of new single-family homes in the United States fell from a near 12-year high, in April, as prices bounced back and manufacturing dropped to its lowest level in nearly a decade, this May.  This suggests quite a... 
Unemployment Drops To Lowest Level In Five Decades

Unemployment Drops To Lowest Level In Five Decades

The unemployment rate in the United States has dropped to its lowest in nearly half a century. The unemployment rate fell to 3.6 percent in the first quarter of the year, the lowest since December 1969. However, the decline in... 
Labor Department Classifies Gig Workers As Contractors

Labor Department Classifies Gig Workers As Contractors

The Labor Department has classified workers for an unnamed gig company as contractors rather than employees. The decision was disclosed in an “opinion letter,” meaning it applies only to the company that sought it. The letter... 
Gas Cross $4 Threshold in California

Gas Cross $4 Threshold in California

It should come as no surprise that the price of gas in California is higher than most other parts of the United States as this is consistently the case. It should also come as no surprise that the passing of this Easter weekend...