Auto Sales Continue to Slip, Truck Sales Rise and Americans Struggle to Pay Their Car Loans
Auto sales dropped in March, well below market expectations, led by a decline in sales numbers of three large car companies, General Motors, Ford, and Fiat Chrysler. The boom of the auto industry might be weakening but truck sales continue to rise despite the auto...
U.S. Expected to add Jobs, as it Reaches Full Employment
The U.S. is expected to continue its record streak on job growth for March, as the economy barrels toward full employment and maintains a low unemployment rate. Economists believe that the U.S. economy will add around 200,000 jobs in March, signaling a strong economy...
Political disparity among Americans bringing spending down
Tanya Tankou supported Donald Trump in the presidential election. The resident of Austin, Texas, and an owner of Credit Engineers, a credit repair company, says that whenever there is a Republican in office, her business improves. But besides a personal financial...
Personal Income Increases, as Purchasing Power Weakens
Personal income increased in February, a few weeks after the Federal Reserve increased interest rates in a move indicating strength in the economy. The gain of 0.4 percent brought income to $57.7 billion this month, according to the Bureau of Economic Analysis. This...
The Missing Men: Political Focus on White Men Misses the Troubles of Black Men
After Donald Trump’s stunning defeat of Hillary Clinton on Election Day, many were quick to point to one voting bloc that helped hand him the keys to victory. Political pundits described them as angry; and some referred to them as abandoned. It’s the white working...
As Labor Market Tightens, Manufacturers Add Efficiency, but Not Jobs
GE plants across the country will hum with conversation more and more this year, but it won’t be from workers. The machines on the shop floor now talk directly to technicians and plant managers via software that collects and transmits data in real time, part of what’s...
The Rich Feel Richer with Trump in Office, Dow Increase and Are Buying Luxury Cars to Celebrate
What does a wealthy person do when the Dow has continued to maintain impressive numbers and their fellow rich person is the president of the United States? They buy a Porche, a Rolls Royce, a Maserati, a Bentley or heck maybe all of them. Just last month the Dow...
Slow Manufacturing Growth Delivers Optimism, but Not Jobs
Manufacturing continued to make only modest gains in February as producers struggle to compete globally and wait for the White House to produce fiscal policies that will stimulate significant growth. New orders for durable goods, products that last for more than three...
Fed’s Rate Hike Stirs Consumers More Than Financial Markets, For Now
A steady rise in inflation pushed the Federal Reserve on Wednesday to lift interest rates, triggering financial markets to shrug but consumers to gear up for a more expensive life. The economic indicator largely responsible for the Fed’s decision to raise interest...
Retail sales slowed in February; building materials, furnishings sales benefit from low rates
Retail sales in February showed their smallest growth in six months, signaling consumers’ concern about the economy’s prospects. Despite an unusually warm February, consumers didn’t go out shopping and retail sales rose only 0.1 percent over January to $474.0 billion....