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USA Today (October 4)

2019/ 10/ 05 by jd in Global News

“The unemployment rate fell from 3.7% to 3.5%, the lowest since December 1969….  Average wages, however, fell. Wall Street cheered the mixed report, which … kept in play a possible Fed rate cut this month, which would be the third since July.”

 

Market Watch (August 24)

2019/ 08/ 26 by jd in Global News

“U.S. China tensions over trade policy have reached a boiling point, the only question remaining is whether business executives — and the stock market — can stand the heat…. The further upping of trade barriers, along with Trump’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment, which could eventually lead to rising unemployment.”

 

Boston Globe (January 10)

2019/ 01/ 12 by jd in Global News

“Many investors had expected department stores to enjoy robust sales over the holidays in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas.” Lackluster results from Macy’s and Kohl’s sent “retail stocks into a tailspin… calling into question whether such mall-based chains can compete in a changing landscape where shoppers are shifting more of their spending online.”

 

Inc. (June Issue)

2018/ 06/ 03 by jd in Global News

It’s 2018, “unemployment is at a 17-year low, and every company is competing over the same hot employees.”

 

Newsweek (January 18)

2018/ 01/ 20 by jd in Global News

“As 2018 begins, the United States has become the largest producer of gas, oil, and coal in history. Its stock market is at record levels. The economy is growing at a 3 percent rate—and unemployment may dip below 4 percent, even though some commentators have claimed over the last decade that it likely would never fall below 5 percent again. The auto, steel, manufacturing, financial, agricultural, and high-tech industries are ascendant.”

 

The Economist (November 2)

2017/ 11/ 03 by jd in Global News

“On some measures, Japan’s labour market is as tight as it has been since the 1970s. America’s jobless rate, at 4.2%, is the lowest for over 16 years. Inflation has nevertheless been surprisingly weak. In other words, the trade-off between unemployment and inflation, known as the Phillips curve, has become less steep.”

 

The Economist (April 30)

2016/ 05/ 02 by jd in Global News

Developed in the wake of the Great Depressions and World Wars, gross domestic product (GDP) was originally designed “to measure the economy’s capacity to produce. Since then, GDP has become a lodestar for policies to set taxes, fix unemployment and manage inflation.” The metric can be inaccurate and is often overstretched. More robust benchmarks must be developed and this will require “a revolution in national statistical agencies as bold as the one that created GDP in the first place”.

 

New York Times (August 2)

2015/ 08/ 03 by jd in Global News

Millenials are “the most educated generation in history,” but this same generation is “on track to becoming less prosperous, at least financially, than its predecessors.” Millenials “are faced with a slow economy, high unemployment, stagnant wages and student loans that constrict their ability both to maintain a reasonable lifestyle and to save for the future.” On top of that, previous generations are burying them under government debt and insufficiently funded obligations.

 

Washington Post (March 11)

2015/ 03/ 13 by jd in Global News

An “epidemic of stagnant wages” continues in the U.S. despite robust job growth. In February, the “official unemployment fell to its lowest rate since early 2008. Wages, however, increased by an anemic 0.1 percent. Over the previous 12 months, they increased just 2 percent. Factoring in inflation, they’ve barely increased at all.”

 

Bloomberg (January 2)

2015/ 01/ 03 by jd in Global News

“Venezuela had a banner year in 2014: the world’s highest misery index (inflation plus unemployment), a fresh recession, and a currency whose black-market value plunged faster than even the Russian ruble…. Unfortunately, President Nicolas Maduro doesn’t seem to have any good ideas — any ideas at all, really — for improving things.”

 

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