By Robert Romano Consumer confidence in the U.S. collapsed in September with its largest monthly decline since Aug. 2021 as U.S. households increasingly expected a weaker labor market, fewer job openings and less growth moving forward, according to the latest survey by the Conference Board . “Consumers’ assessments of current business conditions turned negative while views […]
By Robert Romano The U.S. Census on Sept. 10 released its annual reading of real household median income , finding that after adjusting for inflation, income is still below that of 2019 levels prior to the Covid pandemic, with 2019 being at $81,210 while 2023 came in still at $80,610 after […]
By Robert Romano The first fifteen minutes of the Sept. 10 ABC News debate — roughly 16 percent of the airtime — between Vice President Kamala Harris and former President Donald Trump was devoted to the economy and inflation, by far the top concern of voters in poll after poll taken nationally this […]
By Rick Manning Debit cards are ubiquitous in America. Virtually everyone with a bank account has them as a convenience to allow relatively easy access to one’s own money. Obviously, these cards cost the issuer money to service each transaction with the Federal Reserve Board designated under […]
By Robert Romano There are no more Americans who say they are employed than one year ago, the latest data from the Bureau of Economic Analysis’ household survey shows for the month of August, with 161.43 million saying they have jobs, compared to 161.5 million in Aug. 2023. On a year over year basis, […]
By Robert Romano U.S. labor markets continued showing signs of weakening as job openings fell to 7.6 million in July, the lowest level since Feb. 2021. Job openings are now 4.6 million below their March 2022 high of 12.2 million, a more than 37 percent drop. This is what […]
By Robert Romano The Institute for Supply Management (ISM) manufacturing index once again showed signs of contracting, coming in at 47.2 in August — anything less than 50 indicates less than half of firms reported expansion — which marks the 21 out of the past 22 months showing contraction. The index itself tends to dip during […]
By Robert Romano The U.S. employment level in the Bureau of Labor Statistics’ household survey has barely grown the past year, only increasing at 0.03 percent since July 2023 , from 161.2 million to 161.26 million, with just 57,000 more people saying they’re employed today than a year ago. This puts the U.S. economy at […]
By Robert Romano Upon accepting the Democratic Party presidential nomination for 2024 on Aug. 22 in President Joe Biden’s stead, Vice President Kamala Harris delivered a short speech wherein she never mentioned inflation by name even though it is by far the top issue in the campaign alongside the economy among voters, according to recent […]
