Tag Archives: consumer spending

JOLTS Report – Too Many Job Openings!

Financial FAQs The Labor Department reported today that there were 6.1 million job openings in August in its JOLTS report, or Job Openings and Labor Turnover Survey, which was “little changed” from July, while hirings remained far behind at 5.430 … Continue reading

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JOLTS Report – Too Many Job Openings!

Financial FAQs The Labor Department reported today that there were 6.1 million job openings in August in its JOLTS report, or Job Openings and Labor Turnover Survey, which was “little changed” from July, while hirings remained far behind at 5.430 … Continue reading

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Another Decent Employment Report

Financial FAQs The Bureau of Labor Statistics reported that 156,000 additional nonfarm payroll jobs were created in August, which was less than expected, but will be enough to keep markets happy. And the unemployment rate edged up to 4.4 percent … Continue reading

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Retail Sales Back, But Not Consumers

The Mortgage Corner It turns out consumers decided to shop again in July, as retail sales surged in all categories. This includes online sales these days, as retailers adapt to the new reality that one large store size doesn’t fit … Continue reading

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Minimum Wage Raises Should Boost Employment, Spending

Financial FAQs Minimum wages are about to rise in several cities, and eventually states. San Francisco and Los Angeles minimums rose last weekend to $14 and $12 per hour, respectively, and ultimately to $15 per hour by 2021. But Seattle, … Continue reading

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This is A Goldilocks Economy!

Financial fAQs Economists have debated just what ideal economic growth should be, but the Federal Reserve does it for us. The Fed defines ideal growth as when we are at full employment with moderate inflation, inflation that says an economy … Continue reading

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April Employment Up, Q1 Consumer Spending Weak

Financial FAQs Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate fell to 4.4 percent from 4.5 percent in March, reported the U.S. Bureau of Labor Statistics today. Job gains occurred in leisure and hospitality, health … Continue reading

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