The economy grew at a 2.9 percent annual rate to end 2017, the Bureau of Economic Analysis reported Wednesday in its final update to its estimate of Gross Domestic Product. That figure was revised up from 2.5 percent in the second estimate of GDP, thanks to better consumer spending and higher business investment in inventories […]
The Uber Crash Is Just the Start: How the Gig Economy Threatens the Future of Work …
Uber, the embodiment of the sharing economy, was once again propelled into the spotlight on March 19, 2018, after one of its self-driving cars struck and killed a pedestrian in Arizona. This has resulted in renewed debate over the safety of Uber’s driverless cars, as well as over its illegal and unethical tactics of skirting […]
Record One Million Full and Part Time Jobs Added…
Here’s Who Hired the 313k Employees…
While February was expected to match the January payrolls number at best, the February payrolls print was a blockbuster, blowing expectations out of the water with 313K jobs added, over 785K according to the Household Survey, and a record 1 million full and part-time jobs. So which sectors were responsible for the surge in February […]
DOW Closes +441…
Black Unemployment Falls to Second-Lowest Level on Record…
Jobs Added by the Numbers…
Federal Government Gives $2 Billion if Businesses Hire Aliens over Americans…
The Federal government is still incentivizing businesses to favor immigrants over Americans, to the tune of $2 billion in subsidies across the country, according to the Center for Immigration Studies. They do this via the Optional Practical Training (OPT) program. This program by the Federal government provides money to businesses that discriminate against American citizens […]
Tech Moguls Driving Mass Layoffs in the Economy Want Universal Basic Income As a Cure…
Driverless cars! IBM Watson! News-writing robots! Amazon Go! The future is here, friends, and it apparently excludes humans. People are preparing for the next mass extinction — an evaporation, if you will — not of humans, polar bears or other creatures, but of jobs. This prospect has been sending shivers through humanity, from New York […]
Jobless Claims Plunge to 222,000, Second-Lowest Mark in Decades…
New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy. Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they […]