National prosperity is more effective than government programs at fighting poverty. As proof, consider the U.S. Labor Department’s latest job statistics. With tax reform and deregulation making an impact, 600,000…
The Longest Period of Job Growth Ever. So What?
The second longest recovery … the second longest bull market … the longest period of job growth on record. Such records are pretty meaningless. The recovery has been pretty anemic,…
The Economic Recovery That No One Noticed
The average recovery since the end of World War II has been 58 months. The current “recovery” has just reached that milestone. So maybe we should be celebrating. But what’s…
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
Another Record Smashed: More Than 100,000,000 Americans Not Working
The Labor Force Participation Rate has fallen and it can’t get up. The U.S. Bureau of Labor Statistics (BLS) reported this week that 90,609,000 Americans who are 16 or older…
The Off-On-Off Economy
The economy recently has been full of stops and starts, ups and downs, good news and bad news. Optimists will say that progress is being made, as we’ve moved beyond…
The Unnoticed Recovery
It seems that every day we hear about a stronger economy with real jobs, a recovered housing market and renewed manufacturing strength being just ahead. We hear about it. We…
Key Indicators Negative Across The Board
The worst things get, the more they stay the same. As the stock market continues to set records, the latest Philadelphia Fed Business Outlook Survey shows that the business outlook…
The Black Cloud in the Silver Lining
All I want for Christmas is a new economy. Ours is broken. While there are a few positive signs that optimists can latch onto, it appears that either the country…
WOW! Manufacturing Index Up 0.2%!
“Been down so long, it looks like up to me.” Furry Lewis This is what passes as positive economic news these days: The Institute for Supply Management’s (ISM) reported Thursday…