The cost of insuring a passenger car or pickup truck in the U.S. leaped up 22 percent in the 12 months ending 30 April, the Bureau of Labor Statistics said.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – May 21 2024
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CONSTRUCTION OF SINGLE-FAMILY RENTAL HOUSES SETS RECORD
In 2023, U.S. developers built 93,000 single-family homes as rental units, leaping 39 percent above the number in 2022 and setting a record, according to John Burns Research and Consulting.
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COPPER FUTURES PRICES SET RECORD
On 15 May, the price of copper for July delivery in New York shot past $5 a pound, or more than $10,000 a ton, gaining 11 percent over just the previous week to set a record on U.S. markets.
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HOSPITAL COSTS HELP KEEP INFLATION STRONG
The prices U.S. hospitals charge for care ballooned at an annual rate of 7.7 percent in April, the sharpest increase since October 2010, the Labor Department reported.
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INTEREST ON NATIONAL DEBT COSTS MORE THAN DEFENSE, MEDICARE
Since 1 October when the current federal fiscal year began, the U.S. government has paid $514 billion in interest on the national debt.
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U.S. SMALL BUSINESSES FEEL MORE CONFIDENT ABOUT THE FUTURE
In April, U.S. small business owners expressed more confidence in the future than they did in March, according to the National Federation of Independent Business’s monthly survey.
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ECONOMIC UPDATE – MARKET OVERVIEW
The worst is yet to come and it is coming soon. Week after week, for 85 weeks, we have been reporting on job losses in The Trends Journal. As the saying goes, “The fish rots from the head down.”
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PLANTATION WORKERS OF SLAVELANDIA FLAT-LINED IN U.S.
Retail sales showed no change in April from March, after the U.S. Commerce Department revised March’s figure downward by 0.6 of a percentage point.