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…
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 […]
Trump Reveals ‘Fake News Awards’…
President Trump revealed the highly anticipated “Fake News Awards” on Wednesday night in the form of a list on the Republican National Committee’s website which immediately crashed due to high traffic. The list included 11 “fake news” reports from the president’s usual targets: CNN, the Washington Post, and the New York Times. It also mentions […]
Walmart Closes 63 Sam’s Clubs After Announcing Bonuses Attributed to Tax Cuts…
Walmart is shuttering 63 Sam’s Club stores around the country, an announcement that came shortly after the company said it would be rewarding its employees with up to $1,000 in bonuses because of the new tax cuts that were just signed into law. Some of the stores were closed Thursday, including several in the Houston […]
153,513,000: Record Number of Americans Employed in July…
The number of employed Americans hit a record high of 153,513,000 in July, according to the latest numbers released by the Bureau of Labor Statistics. There were 345,000 more Americans who gained employment over the month, and more individuals joined the labor force as well. There were 349,000 more Americans who joined the labor force […]
‘Free Wage’ Recipients in Finland Report Less Stress & Greater Incentive to Work…
Participants in Finland’s universal basic income program say they are less stressed and more inspired to find a job than when they were receiving welfare. Under the pilot program aimed at tackling unemployment, 2,000 people have been given €560 every month for two years. The participants are not obliged to start looking for a job […]
The US Spent $20 MILLION Per Job Created From ’08 Onward…
Since 2008 the financial media has been proclaiming that the US was in a “recovery.” This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in QE. Well, it turns out there was no recovery to speak of when it […]
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