US Says New Poverty Rate Is 10.5%, but It Isn’t Today
In 2019, the U.S. level of poverty was the best it has been in decades, but the official rate does not take into account everything.
Economy
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COVID-19 Pandemic Muddies Seasonal Hiring Plans at US Firms
The COVID-19 pandemic has lifted uncertainty among many retailers and other firms related to how many seasonal employees they'll be hiring. A repeat of last year's strong hiring is unlikely.
White Salmon WA Has the Most Polluted Air in the World
The World Air Quality Index project tracks air pollution in tens of thousands of locations around the world. White Salmon, Washington, now has literally off the charts of air pollution measurements.
Fed Policy Shift on Higher Inflation Looks Premature
Prices were higher in August, but not by levels that should have the inflation worriers overly concerned.
Jefferies Global Survey Has 12 Incredible COVID-19-Related Surprises and Predictions
This year that has seen some of the most dramatic and impactful changes to society, not just in America, but around the world. Jefferies has six surprises and six predictions from its exhaustive global…
Was the Federal Reserve Worried About This Massive Inflation Report?
The Bureau of Labor Statistics has released its Producer Price Index for final demand in August, and there was no spike in the inflation report.
America Has the World’s Most Polluted Air
Today, the worst air quality is not in India, China, Pakistan or Bangladesh. It is in the western U.S. states, where wildfires are raging.
Home Mortgage Delinquencies Decline Slightly but Remain High in June
Home mortgage delinquencies were higher year over year in June but down slightly from May's total.
Can the 6.6 Million Job Openings Actually Be Filled?
Each week following the unemployment report, the U.S. Department of Labor releases its monthly Job Openings and Labor Turnover Summary.
Will 52% of Young Adults Living at Home Undermine Housing Prices?
Many people who live at home today will not have the financial means to buy a home later, and demand for homes at the less expensive end of the market will suffer, undermining the…
New York Fed’s Weekly Data Points to Slower Recovery
According to the New York Federal Reserve, weekly data suggests that the economic recovery already may be slowing.
Teenage Unemployment Nearly Double National Average
The Bureau of Labor Statistics released its August jobs report for nonfarm payroll employment. The national figure dropped to 8.4%. The number of unemployed people dropped 2.8 million to 13.6 million. It was good…
Unemployment Is Rapidly Contracting, Yet Many Cracks Remain
Thursday’s sell-off in the stock market may have been profit taking in the market darlings after such massive runs, but there was already a growing fear that Friday’s unemployment report was going to be…
The Unemployment Rate In America’s 389 Cities Two Months Before The Election
The unemployment rate in July was 10.5%, an improvement from each of the two prior months. However, the figure is still above the worst single month of The Great Recession–October 2009. According to the…
What ‘Going to Work’ Will Mean in the Very Near Future
Some of the changes to Americans' work lives brought about by the COVID-19 pandemic have been popular. Others, not so much.