The U.S. economy added 50,000 nonfarm jobs in December, closing out the worst year for hiring since the COVID panic in 2020.
Tag: U.S. Economy
Post
U.S. PRODUCTIVITY WILL LEAD THE WORLD IN 2026, ECONOMISTS FORECAST
The U.S. will maintain or even widen its lead in economic productivity this year, according to 75 percent of economists in China, the Eurozone, U.K., and U.S. who responded to a December Financial Times survey.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
The big news in the U.S. today was the inflation report. The Bureau of Labor Statistics said that the Consumer Price Index (CPI) rose 0.3 percent in December.
Post
DOLLAR’S VALUE RETREATS AS WHITE HOUSE INVESTIGATES FED CHAIR
On 12 January, the U.S. dollar ended a five-day streak of gains in its value on news that Donald Trump’s justice department has opened a criminal investigation into Jerome Powell, chair of the U.S. Federal Reserve.
Post
HEATING FUEL SUPPLIES TIGHTEN AS TEMPERATURES FALL
This winter heating season, Americans will pay about 9.2 percent more for the electricity and natural gas that heat more than 90 percent of U.S. homes, bringing the cost of keeping warm this winter to about $1,000 per household, The New York Times reported.
Post
U.S. TRADE DEFICIT LARGELY UNCHANGED IN THIS YEAR’S FIRST HALF
By the end of this year’s second quarter, the U.S. trade deficit stood at 3.3 percent of GDP, close to its level a year earlier, according to an analysis by the Financial Times.
Post
U.S. HOME SALES RISE IN NOVEMBER
Last month, sales of existing U.S. homes edged up 0.5 percent from October’s total but fell 1 percent short of the figure in November 2024, the National Association of Realtors reported.
Post
DID INFLATION’S PACE EASE IN NOVEMBER?
The U.S. Consumer Price Index increased by 2.7 percent in November, down from 3.0 percent in September, the Bureau of Labor Statistics (BLS) reported.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
Last week, the U.S. Bureau of Labor Statistics reported that the nation's inflation pace eased, but as we report in this issue of The Trends Journal, “Did Inflation’s Pace Ease In November?” The hard facts are showing that U.S. inflation is still high and the reality on The Street is that the higher inflation rises the deeper the U.S. dollar falls and falling it is.
Post
‘ARE THESE NUMBERS REAL?’ ECONOMISTS WONDER
Last week, the Bureau of Labor Statistics (BLS) reported November’s inflation rate at 2.7 percent and core inflation, which filters out energy and food prices, at 2.6 percent, both reversing a rise in September.