by Dave Johnson | Dec 4, 2015 | Blog, Trade
The U.S. Census Bureau reported Friday that the October goods and services trade deficit was an enormous, humongous $43.9 billion. This is for a single month. This is up $1.4 billion – 3.4 percent – from September's enormous, humongous $42.5 (revised) billion trade...
by Dave Johnson | Dec 4, 2015 | Blog, Jobs and Growth
Friday's November jobs report said nonfarm payrolls increased by a seasonally adjusted 211,000 and unemployment was unchanged at 5 percent. Analysts had expected 200,000 so they are happy; overall hiring seems to be continuing at an OK pace. Wages might not be going...
by Robert Borosage | Dec 4, 2015 | Blog, Jobs and Growth
The November jobs report – 211,000 jobs with the headline unemployment rate staying at 5 percent – met "expectations." It is now virtually inevitable that the Federal Reserve will begin raising interest rates at its December 15-16 meetings, as Fed Chair Janet Yellen...
by Jeff Bryant | Dec 3, 2015 | Blog
On Wednesday afternoon, the House overwhelmingly passed the proposed Every Student Succeeds Act by 359 to 64. The Senate is expected to vote on the measure this month, and the White House has signaled President Obama's willingness to sign it. As is true with any time...
by Chuck Collins | Dec 3, 2015 | Blog, Economy, Progressive Vision
When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income gains since then have flowed to the top one-tenth...
by Dave Johnson | Dec 3, 2015 | Blog
In the recent post, "How The Clinton and Sanders Infrastructure Plans Measure Up," I mistakenly wrote that candidate Bernie Sanders does not yet have a corporate tax proposal: Clinton’s infrastructure plan says only that it will be paid for through “business tax...
