The creator of the famous voice assistant dreams of a world where Alexa is everywhere, anticipating your every need…The crux of the plan is for the voice assistant to move from passive to proactive interactions. Rather than wait for and respond to requests, Alexa will anticipate what the user might want. The idea is to […]
Small Business ‘Optimism’ at Record High, Up 160 Percent…
A national economic optimism index of small business owners is at its highest level ever, up 162% since the final months of President Obama’s two terms. The Wells Fargo/Gallup Small Business Index is at +142 compared to +54 at the end of the Obama administration. “When owners are asked a broad question about their financial […]
‘Blowout Numbers’ as Black Unemployment Reaches Record Low, Beating Forecasts…
The Bureau of Labor Statistics (BLS) on Friday released its monthly Employment Situation Report (pdf), which showed continued employment growth and near record unemployment rates in October. Employment gains among African-American women and Latinos were particularly impressive. The unemployment rate for African Americans reached a record low of 5.4 percent—a fall of 2.6 percent since […]
Stupendously Splendid Jobs Report – October Jobs +128,000, Aug/Sept Revisions +95,000, Wage Growth +3.0%…
Jumpin’ ju-ju bones, the October jobs report has blown away all expectations in every possible metric. It’s not just the top-line job gains, the two month revisions are huge. The Bureau of Labor Statistics (BLS) report for October shows 128,000 job gains; and that number includes absorption for negative impacts due to -20,000 census workers […]
Krugman Admits He and Mainstream Economists Got Globalization Wrong…Ya Think?…
Paul Krugman, Nobel-prize winning economist and avowed champion of free trade, admits he and his colleagues got a few things seriously wrong about globalization, in particular around its downside impact on local labor markets. “We missed a crucial part of the story,” Krugman wrote in a Bloomberg article in October, referring to members of the […]
Mexico’s President Obrador Gives Democrats the Pledges They Were Looking for on USMCA Trade Deal…
Mexican President Andrés Manuel López Obrador vowed in writing Thursday to pursue the labor reforms that House Democrats say are crucial if they are to support President Trump’s U.S.-Mexico-Canada agreement on trade. Democrats welcomed Mexico’s pledge on the trade deal, which would replace the 1993 North American Free Trade Agreement. “Our government is committed to […]
Sept. Jobs Report: 136,000 New Jobs, Unemployment Drops to 3.5% – Lowest in 50 Years…
MAGAnomics – Lowest Unemployment in 50 Years! The Bureau of Labor Statistics releases the September jobs report. 136,000 jobs were added to the economy and the unemployment rate falls to 3.5%, the lowest since 1969. Demand for workers remains strong (Table A-1). Overall employment is very stable across all sectors (Table B-1) and wage growth […]
Best “Recession” Ever – MAGAnomics: Inflation 1.7%, Wage Growth +3.5%, Real Worker Earnings +1.8%…
A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class. First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China […]
SHOT: Trump Praises China’s Tariff Exemptions as Trade Talks Approach…
US President Donald Trump on Wednesday welcomed an apparent olive branch from Beijing in the grinding trade war between the two nations, which came weeks before negotiations are due to resume. Beijing announced it was temporarily exempting some US exports from tariff increases, a gesture that lifted equities markets long buffeted by the ups and […]
CHASER: President Trump Delays China Tariff Increase Until October 15th…
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