The value of U.S. imports increased 1.1 percent in January while exports ticked up just 0.1 percent, widening the trade deficit by 5.1 percent over December’s gap to $67.4 billion, the most since April 2023 and larger than economists had forecast.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Mar 12 2024
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FEBRUARY JOBS REPORT FUELS OPTIMISM OVER RATE CUTS
The pace of wage growth slowed in February and unemployment rose slightly to 3.9 percent, strengthening convictions that inflation will fall to the U.S. Federal Reserve’s 2-percent target without tipping the country into a recession.
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ECONOMIC GROWTH? LAYOFFS ON THE RISE
In February, U.S. employers announced plans to cut 84,638 workers, 3 percent more than in January and 9 percent more than a year earlier, outplacement firm Challenger, Gray & Christmas reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
As we note just about every week, the “Bigs” keep getting bigger and the rich keep getting richer, while the average person—the plantation workers of Slavelandia—keeps getting poorer.
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TOP TREND 2024: BANKS GO BUST
Four private equity firms have together spent a reported $1.05 billion to buy stock in the ailing New York Community Bancorp (NYCB).
And the number of U.S. banks showing problems soared from eight to 52 in last year’s final three months, the sharpest spike since…