Monthly Archives: October 2019

A Weak Unemployment Report Tomorrow?

Financial FAQs ADP There could be a sharp drop in new job creation in tomorrow’s Labor Department unemployment report. Why? The GM strike could have shaved as much as 65,000 jobs from the report due to layoffs over the past … Continue reading

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Lower Q3 GDP Growth = Slowing Economy

Popular Economics Weekly BEA.gov Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real … Continue reading

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Do We Need a New Jobs Deal?

Popular Economics Weekly Calculated Risk The best picture we have of current and future job trends is the Labor Department’s JOLTS report (i.e., Job Openings and Labor Turnover Survey). Calculated Risk’s colorful graph shows Job Openings (yellow line) hasn’t yet … Continue reading

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Residential Construction Holding Up

The Mortgage Corner Calculated Risk Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,256,000. This is 9.4 percent below the revised August estimate of 1,386,000, but is 1.6 percent above the September 2018 rate of … Continue reading

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Lower Retail Sales Hint at Weaker Economic Growth Ahead

Popular Economics Weekly Fred U.S. retail sales that mirror consumer spending, which powers some two-thirds of U.S. GDP growth, fell for the first time in seven months in September, raising fears that a slowdown in the American manufacturing sector could … Continue reading

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Nobel Prize in Economics Breaks New Ground

Popular Economics Weekly STOCKHOLM (AP) — The 2019 Nobel Prize in Economic Sciences has been awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” It was ground-breaking for several reasons. Firstly, … Continue reading

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Donald Trump’s Reptilian Brain

Does this description sound familiar? “Territoriality, hierarchical structure of power, control, ownership, wars, jealousy, anger, fear, hostility, worry, stuck or frozen with fear, aggressiveness, conflict, extremist behavior, competitiveness, cold-blooded, dog-eat-dog beliefs, might is right, and survival of the fittest,” is … Continue reading

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