Last month, U.S. nonfarm payrolls grew by 172,000 new workers, topping all forecasts and indicating the U.S. labor market is stronger than suspected.
Tag: U.S. Economy
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MARKET OVERVIEW
Investors fled the chip sector in last week’s latter days, driving the NASDAQ down by more than 1,100 points, or about 4.18 percent, on Friday to book its biggest one-day loss since Donald Trump’s “Liberation Day” tariff turmoil in April 2025.
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ECONOMIC UPDATE
There are two major forces driving the equity markets, the Iran War and the AI boom.
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ENERGY SHOCK MAY NOT BE TEMPORARY, FED OFFICIAL SAYS
“I place little stock in assuming that the most recent runup in [energy] prices is transitory within an acceptable time horizon,” Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, said at a conference in Iceland last month.
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HOUSING MARKET IS BLEEDING PROFESSIONALS AS SALES TANK
About 6.1 million homes were sold in the U.S. in 2021. The number slipped to barely five million in 2022 and stagnated at roughly four million in 2023, 2024, and 2025, according to research service Statista.
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SALES OF U.S. NEWLY BUILT HOMES FELL IN APRIL
New home sales dropped at an annualized rate of 6.2 percent in April from March, with interest rates remaining high, the U.S. census bureau said. The decline was 11.3 percent from April 2025.
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A MILLION U.S. BUYERS HAVE DISAPPEARED FROM THE NEW-CAR MARKET
American auto companies had expected that sales of new cars – which fell during the COVID War – would steadily climb back to pre-COVID levels.
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PERSONAL CONSUMPTION INDEX UP SLIGHTLY IN APRIL
After rising 0.7 percent in March from February, the Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s favorite inflation gauge, moved up 0.4 percent in April to 3.8 percent.
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ECONOMIC UPDATE
It is beyond belief that month-after-month, week-after-week, day-after-day, hour-after-hour and minute-by-minute President Donald Trump is not condemned and/or thrown out of office for lying to the American people and the world about the Iran War that he and Prime Minister Benjamin Netanyahu illegally launched on 28 February.
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GAP BETWEEN PAY AND PROFITS GROWS WIDER
American workers’ pay and benefits increased 0.8 percent in this year’s first quarter from the one before. In the same period, corporate profits went up 2.7 percent, The Wall Street Journal noted.