CNN’s article on last week’s jobs report was a negative one, where the article avoided mentioning how many jobs were added to the U.S. economy (209,000 jobs were added, per CNBC), but admitted that the unemployment rate is at a sixteen-year-low. But, the article focused on the lack of wage growth, ignoring the signs of […]
This is the liberal media’s new narrative: President Barack Obama left a strong economy behind for President Donald Trump to enjoy. At least, that’s what a CNN Money article said: By contrast, Obama handed Trump an economy that was close to what economists consider full employment. The unemployment rate on Inauguration Day was 4.8%, and […]
Even though the Trump administration has not been able to implement many of their deregulatory policies, the economic numbers released on Friday indicate there is some economic progress on the horizon. The Department of Labor reported that the number of employed Americans went up, the labor force participation rate increased slightly (0.1%) and added 220,000 […]
An article at CNN dug into some of the reported firings by business owners after employees did not report to work and used the excuse that they were protesting for the “A Day Without Immigrants” protest held in various cities. One owner had consulted with employees who planned to protest and drew the line at […]
The much-heralded Obama recovery post-Great Recession has not really materialized, as this article from CBS News outlined (if you read between the lines): It is a sign of the uneven economic terrain impeding the recovery: Although U.S. consumer confidence is at its highest level in 15 years, a combination of stagnant wages and surging housing costs are […]
Wouldn’t it be fair, for example, to run two pieces with one focusing on how investors should react to a Hillary Clinton presidency and one about Trump’s? Is this a liberal media bias example?
Economics and common sense means less jobs when the minimum wage is hiked: Washington, D.C., is getting a real life lesson in economics as the city moves closer to implementing a $15 per hour minimum wage. During the first six months of 2016, restaurants in D.C. shed 1,400 jobs. That’s a 2.7 percent decline in […]
That’s not too encouraging: There were 94,517,000 Americans not participating in the labor force in June, a decline of 191,000 people from the previous month, according to data released by the Bureau of Labor Statistics on Friday. The bureau counts those not in the labor force as those who do not have a job and did […]
Cue the spin from New York Times: The seven-year period since the end of the Great Recession has become one of the longest economic expansions in American history and, at the same time, one of the most disappointing. The Fed, in a statement announcing its decision, noted what had become a typical mix of good […]
Erick Erickson with the spot-on analysis on flagging jobs growth: The economy sucks. Only 38,000 jobs were added and supposedly unemployment went down because of the number of people dropping out of the workforce. This is not a good thing. Barack Obama has done everything possible to reshuffle and alter economic accounting to make himself […]