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White House Economist: Jobs Report Shows Risks to Economy, But Still Reasons for Optimism…

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Top Trump economic adviser Kevin Hassett said that Friday’s jobs report indicates higher risks to the economy but that he remains hopeful job growth will pick up in June and the U.S. will avoid a recession. Hassett, the outgoing chairman of the White House Council of Economic Advisers, acknowledged that the estimated 75,000 jobs created […]

Oil Just Had Its Worst Run Since 2008…

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Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative. The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million […]

Personal Income Posted Solid Gains in April, Beating Forecasts…

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The Bureau of Economic Analysis (BEA) said personal income gains beat the consensus forecast in April, rising $92.8 billion (0.5%). The reflected increases were fueled by personal interest income, wages and salaries, and government social benefits to persons. Disposable personal income (DPI) rose $69.3 billion (0.4%) and personal consumption expenditures (PCE) gained $40.8 billion (0.3%). […]

“Largest Group of Illegal Immigrants Ever” Apprehended at the Border…

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Border Patrol agents apprehended a group of 1,036 illegal immigrants Wednesday making it the largest group ever. President Trump shared the news on Twitter Thursday saying, “Yesterday, Border Patrol agents apprehended the largest group of illegal aliens ever: 1,036 people who illegally crossed the border in El Paso around 4am. Democrats need to stand by […]

Struggling Millennials Are Poorest Generation Since WWII…

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Millennials have felt more financial strain than any other generation since the Great Depression. Despite a decade of economic growth and decreasing unemployment, Americans born between 1981 and 1996 have less wealth and property, lower marriage rates, and fewer children, according to new data. “Their economic fundamentals are fundamentally different,” Christopher Kurz, an economist at […]

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