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Tag Archives: u.s. economy
Washington Dithers as Unemployment Increases Again
There aren’t enough jobs to reemploy U.S. citizens who want to go back to work, let alone absorb new graduates as tax payers into the economy. The real rate of unemployment is much higher – some critics have at more than 18%. Continue reading
Consumer Confidence Declines as Economic Woes Continue
The Conference Board Consumer Confidence Index decreased in May and now stands at 60.8 (1985=100), down from 66.0 in April. The bad news follows last week’s U.S. unemployment report that says that first time jobless claims soared to 425,000, which means that there is virtually no hiring occurring in the economy as unemployment officially hovers at 9%. The real rate of unemployment is much higher. The latest survey does not bode well for the U.S. auto industry, which is expected to report steep May sales declines tomorrow. Continue reading
Unemployment Insurance Claims Rise for Fourth Straight Week
This is a clear sign that the U.S. economy is not creating jobs as both political parties maneuver for advantage in the upcoming presidential election with no apparent desire to address current economic problems. Continue reading
Posted in auto news, economy, labor issues, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, job creation, jobs, Ken Zino, u.s. economy, unemployment
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Making the Budget Deficit Great Again. November at $203 billion. Interest for Debt up $5 Billion
Not that it matters according to traditional Republican double-speak, such gigantic deficits are only a problem if they occur when the Democrats are in power. When Republicans cut taxes for the wealthiest and run up huge deficits it’s – don’t laugh – good for the economy. Worse, the federal budget deficit was $303 billion for the first two months of fiscal year 2019, says CBO. Continue reading →