In May, for the first time, solar energy installations generated more U.S. electrical power than coal-fired utility plants.
Tag: U.S. Economy
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CONSUMERS’ OUTLOOK TICKS UP IN NEWEST SURVEY
Falling gasoline prices and news of a stable labor market eased consumers’ worries in the first days of June, according to the University of Michigan’s twice-monthly survey of consumer sentiment.
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NEW JOBLESS CLAIMS EDGED UP IN JUNE
During the week ending 6 June, 229,000 people filed new claims for unemployment benefits.
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U.S. WHOLESALE PRICES ROSE 1.1 PERCENT IN MAY
The prices that manufacturers charge for their products went up 1.1 percent in May from April, when those prices rose by the same percentage.
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U.S. CONSUMER PRICES RISE FASTEST IN THREE YEARS
U.S. inflation rose to 4.2 percent in May from 3.8 percent in April, reaching its highest rate since April 2023, according to data from the U.S. Bureau of Statistics.
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ECONOMIC UPDATE
It appears that for now, the U.S. involvement in the Iran War is coming to an end. As a result, Brent crude, which at one time was trading around $120 a barrel as the war intensified, is now trading in the $77 per barrel range.
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ARIZONA FIGHTS OVER WHO PAYS AI’S MASSIVE ELECTRIC BILL
The greater Phoenix area in Arizona has predictable weather and limited risk of floods, wildfires, or tornadoes.
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HYBRID VEHICLE SALES IN U.S. JUMP 33 PERCENT IN MAY
Sales of hybrid cars and passenger trucks, which run on both gasoline and battery power, shot up 33 percent in May, year on year, as gas prices stuck above $4 a gallon and drove American consumers to look for alternatives.
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PROMISED MANUFACTURING “RENAISSANCE” HAS YET TO APPEAR IN THE U.S.
Despite a tariff war, two tax cuts, and pressure on domestic and foreign companies to build factories in the U.S., President Donald Trump’s promised “manufacturing renaissance” in the U.S. has failed to materialize.
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U.S. PRODUCTIVITY GROWTH SLOWED IN FIRST QUARTER
A new report from the Labor Department’s Bureau of Labor Statistics (BLS) showed workers’ productivity growth slowed faster than initially thought in the first quarter.