Economy

Inflation Exceeds Forecast As Healthcare Costs Rise

Bloomberg reports: A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans. The core consumer price index, which excludes food and energy, rose 0.3% from the prior month and was up 2.4% …

Read More »

Trump’s Approval Rating Sags Amid Recession Fears

The Hill reports: President Trump’s approval rating dropped 6 points in a new poll as Americans voice concerns about the economy. Trump’s approval rating fell to 38 percent after July’s career-high 44 percent approval, based on the ABC News/Washington Post poll released Tuesday. The survey also found that 46 percent of Americans approve of Trump’s handling of the economy and …

Read More »

Temp Census Workers Buoy Lackluster Jobs Report

NPR reports: U.S. employers added 130,000 jobs in August, according to a monthly snapshot from the Labor Department, signaling a slowdown in the pace of job growth. Forecasters surveyed by the Reuters news service had predicted job gains of around 158,000. The unemployment rate held steady at 3.7%. Manufacturers added just 3,000 jobs. The jobs total would have been lower …

Read More »

Half Of Trump Voters Would Blame Him For Recession

The Hill reports: Approximately half of respondents in a new survey who voted for President Trump say they would blame him if the U.S. economy falls into a recession. A Morning Consult poll released Wednesday found that 42 percent of respondents who say they voted for Trump in 2016 would hold him partially responsible for an economic downturn, and another …

Read More »

Home Prices Grew 4X Faster Than Income Since 1960

From the real estate site Clever: To understand how expensive the American Dream has become — and whether it is still achievable today — we gathered Census data from 1960 to 2017 on home prices, rents, and household income. After adjusting for inflation over time, the future of the American Dream seems rather gloomy: Median home prices increased 121% nationwide …

Read More »