Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
Tag: U.S. Economy
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U.S. AUTO INDUSTRY’S FLASHERS ARE WARNING THE AMERICAN ECONOMY
Americans are buying fewer cars, tariffs are shrinking automakers’ margins, the shift to electric mobility has stalled, and a company making car loans to subprime borrowers recently collapsed, all indications that a key U.S. industry might be rolling downhill.
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CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
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CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
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INFLATION ROSE AGAIN IN AUGUST
By several measures, consumer prices continued to rise again in August.
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U.S. SECOND-QUARTER GDP WAS GREATER THAN FIRST REPORTED
In this year’s second quarter, the U.S. economy grew by a robust 3.8 percent, the commerce department reported, not the 3.3 percent estimated earlier.
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ECONOMIC UPDATE – MARKET OVERVIEW
Week after-week, month-after-month, despite gold prices soaring 45 percent this year and nearly 30 percent last year when we had forecast 2024 would be a Golden Year for Gold, hardly a peep from the mainstream business Presstitutes; media whores who bow down, suck up and put out for the Wall Street White Shoe Boys, their corporate pimps and government whore masters.
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SPECIAL REPORT, THE FED’S RATE CUT: WHAT NEXT?
On 17 September, the U.S. Federal Reserve’s Open Market Committee shaved a quarter point from its policy interest rate, dropping the rate charged on loans to 4.25 percent in its first rate reduction since December 2024 and to its lowest in almost three years.
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ORDERS FOR CARDBOARD DROP, SIGNALING ECONOMIC TROUBLE AHEAD
Demand for cardboard boxes has plummeted this year, an economic danger signal.
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HOME CONSTRUCTION SLOWS IN AUGUST
New home construction dropped about 8.5 percent in August, month over month, to 1.307 million units as mortgage interest rates remained above 6.5 percent. The figure was down 6 percent from a year earlier.