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Keyword: bhoeconomy

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  • African Americans are the only U.S. racial group earning less than in 2000

    10/15/2017 5:34:42 PM PDT · by GuavaCheesePuff · 59 replies
    Chicago Tribune ^ | September 15, 2017 | Heather Long
    African Americans were worse off financially in 2016 than they were in 2000. The median income for an African American household was $39,490 last year, according to U.S. Census Bureau data released last week. It was $41,363 in 2000. (Both figures are in 2016 dollars, so they have been adjusted for inflation). African Americans are the only racial group the Census Bureau identifies that has been left behind. White, Asian and Latino households have all seen at least modest income gains since 2000.
  • How President Obama Shrank America’s Consumer Dollar

    09/04/2017 9:24:23 AM PDT · by Kaslin · 14 replies
    American Thinker.com ^ | September 4, 2017 | Michael Bargo, Jr.
    President Obama’s great stimulus spending and QE programs saw disposable income of average Americans reverse historic trends and stagnate or actually decline. There has been a huge increase in the taxes they have to pay for everything from gasoline to cell phones and property taxes. And since government is responsible for these taxes and the big states are all run by Democrats with liberal news media, these facts are seldom reported. A December 2015 study of the American middle class done by the Pew Research center found that for the first time in over forty years the middle class no...
  • Q1 GDP Stuck at 1.2%

    05/26/2017 3:45:32 PM PDT · by ForYourChildren · 13 replies
    CNS News ^ | 05/26/2017 | Terence P. Jeffrey
    The Bureau of Economic Analysis’s advance estimate of real gross domestic product in the first quarter of 2017, which was released in April, had the U.S. economy growing at an annual rate of just 0.7 percent. The BEA’s second estimate, which is “based on more complete source data” and which was released today, increases the estimate for the annual rate of first quarter growth in real GDP to only 1.2 percent. In the last quarter of 2016, according to the BEA, real GDP grew at an annual rate of 2.1 percent, while for all of 2016 it grew at only...
  • It's more than Amazon: Why retail is in distress now

    05/07/2017 5:56:43 AM PDT · by SeekAndFind · 113 replies
    CNBC ^ | 05/07/2017 | Courtney Reagan, Leslie Picker
    With more than half of 2017 still ahead, the retail industry is seeing a record-setting pace for bankruptcy filings and store closings — and more are expected in the not too distant future, despite what most consider a healthy consumer. This tipping point for retail is the result of a number of compounding reasons, but the inability to pay looming, massive debt bills is dealing the final death blow to many. More online shopping Yes, more shopping is shifting online in general, and to Amazon specifically, as in-store shopping traffic and sales trends fall for many retailers and shopping...
  • Obama Oversaw The Weakest Growth In American's Personal Income On Record

    01/30/2017 5:19:55 PM PST · by ForYourChildren · 8 replies
    ZeroHedge ^ | 01/30/2017 | Tyler Durden
    Over the past 10-years personal income in the US has increased at a 3.39% annualized rate which is the slowest 10-year annualized growth rate since the data began in 1960. Clearly, there has been a ‘stair-step’ decline in the growth rate of personal income over the past several decades. In the 1980s personal income averaged a 9.5% annualized growth rate, in the 1990s it averaged a 6.4% annualized growth rate, and in the 2000s it averaged a 5.2% annualized growth rate. Thus far in the 2010s, the average annualized growth rate has fallen to 3.9%. [..snip..]
  • Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?

    01/13/2017 9:35:34 AM PST · by Lorianne · 42 replies
    Economic Collapse ^ | 11 January 2017 | Michael Snyder
    The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well. Unfortunately, that is precisely what is happening. USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…
  • A giant wave of store closures is about to hit the US

    12/31/2016 12:23:49 PM PST · by TaxPayer2000 · 197 replies
    Business Insider ^ | Dec 31, 2016 | Hayley Peterson
    Retailers are bracing for a fresh wave of store closures at the start of the new year. The industry is heading into 2017 with a glut of store space as shopping continues to shift online and foot traffic to malls declines, according to analysts ~SNIP~Nearly every major department store, including Macy's, Kohl's, Walmart, and Sears, have collectively closed hundreds of stores over the last couple years to try and stem losses from unprofitable stores and the rise of ecommerce. But the closures are far from over. Macy's has already said that it's planning to close 100 stores, or about 15%...
  • Americans Are No Longer on the Move

    12/30/2016 1:09:50 PM PST · by Kaslin · 31 replies
    Townhall.com ^ | December 30, 2016 | Michael Barone
    Americans see themselves as people on the move. When the going gets tough or when opportunity beckons, we get up and go. We move around a lot. Actually, we don't -- or don't nearly so much as we used to. The percentage of Americans moving every year is less than half that of a half-century ago and down significantly since the early 1990s. Some of that decline is a response to the economic cycle. Contrary to widespread impression, mobility tends to decline in bad economic times. The Okies moving from the Dust Bowl to the Central Valley of California made...
  • The Millennial Job Deficit

    12/27/2016 4:32:43 AM PST · by expat_panama · 11 replies
    Investors Business Daily ^ | 12/23/2016 | Editorial
    Jobs: While economists, the administration and the Fed all trumpet "near full employment," a stark reality intrudes: Most of the jobs created in the last decade have been temp or gig jobs, not permanent full-time work. It's a huge problem. From 2005 to 2015, fully 94% of the 10 million net new jobs were either temporary or contract gigs, says a new study by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University. The share of Americans — mostly Millennials — now doing what the study's authors call "alternative work" has risen from 10.7% to 15.8%. That...
  • Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time

    12/23/2016 2:47:44 PM PST · by blam · 21 replies
    Zero Hedge ^ | 12-23-2016 | Tyler Durden
    TylerDurdenDecember 23,2016 Just over six years ago, in December of 2010, we wrote "Charting America's Transformation To A Part-Time Worker Society", in which we predicted - and showed - that in light of the underlying changes resulting from the second great depression, whose full impacts remain masked by trillions in monetary stimulus and soon, perhaps fiscal, America is shifting from a traditional work force, one where the majority of new employment is retained on a full-time basis, to a "gig" economy, where workers are severely disenfranchised, and enjoy far less employment leverage, job stability and perks than their pre-crash peers....
  • Car-tastrophe - GM, Fiat Chrysler Idle 7 Plants; Over 10,000 Workers Affected

    12/22/2016 5:29:21 PM PST · by Lorianne · 56 replies
    Zero Hedge ^ | 19 December 2016 | Tyler Durden
    Cannot copy and paste content for some reason
  • The Obama Years In 9 Charts

    12/17/2016 9:43:47 AM PST · by Boomer · 60 replies
    The FR ^ | 12/17/2016 | Self
    The Obama Legacy explained in just 9 charts. A dead rat could do better.
  • Fed raises rates for the second time in a decade

    12/14/2016 11:32:55 AM PST · by RummyChick · 172 replies
    cnbc ^ | 12/14 | cox
    Federal Reserve officials, amid signs that the U.S. economy soon could shed its long period of stagnation, approved the first interest rate hike in a year Wednesday and said it foresees three more increases next year. The stock market reacted calmly, while the dollar and bond yields rose.
  • Donald Trump Is Inheriting the Best Economy in a Generation Thanks to Obama

    12/06/2016 9:48:52 AM PST · by SeekAndFind · 93 replies
    Fortune ^ | 12/06/2016 | Chris Matthews
    Thanks, Obama! Donald Trump had a rocky campaign. And the transition has been bumpy as well. But he looks to be rolling onto the presidency on the smoothest economic path of any president in a long time. Data ranging from wage and job growth to manufacturing-sector indicators show that Donald Trump is getting an economy in better shape than any new president in a generation. Take a look at the following four indicators to see just how fortunate the President-elect is: GDP Growth The only indicator that shows Trump inheriting a generally weaker economy than is typical is GDP growth....
  • Here's How Many Manufacturing Jobs We've Lost Since Obama Took Office

    12/02/2016 10:30:27 AM PST · by Kaslin · 40 replies
    Townhall.com ^ | December 2, 2016 | Cortney O'Brien
    As the media begins to draw a pretty picture about the November jobs report, namely that unemployment has dropped to 4.6 percent, its lowest level in nine years, they are unlikely to tell you the other part of the story. The labor force participation rate continues to decline and is stuck at a rate we haven't seen since February 1978, according to the Bureau of Labor Statistics. It gets worse. Last month, we lost 4,000 manufacturing jobs, offering more damage to the already 301,000 we've lost since President Obama took office. The Republican National Committee says that is going to change under President-elect...
  • 6 million Americans have stopped paying their car loans, and it's becoming a 'significant concern'

    11/30/2016 10:18:58 AM PST · by SeekAndFind · 86 replies
    Business Insider ^ | 11/30/2016 | Matt Turner
    There is a lot of talk out there about the auto-loan market right now. Hedge fund manager Jim Chanos has said the auto-lending market should "scare the heck out of everybody," while the auto-lending practices of some used-car dealerships has been given the John Oliver treatment on TV. It's a topic we've been paying attention to as well. In a presentation in September at the Barclays Financial Services Conference, Gordon Smith, the chief executive for consumer and community banking at JPMorgan, set out some eye-opening statistics on the market. Now the New York Federal Reserve is taking a closer look...
  • Pelosi Challenger: Dems Failed Because We Didn't Focus on Economy

    11/28/2016 3:45:03 PM PST · by Son House · 62 replies
    Fox News Sunday ^ | Nov 27, 2016 | Fox News Sunday with Chris Wallace
    Ohio Democratic Rep. Tim Ryan told Chris Wallace that the Democratic caucus' failure in this past election is due to the fact that their legislators have not concentrated enough on economic issues. Ryan, 43, who is challenging Rep. Nancy Pelosi (D-Calif.) for her House Minority Leader position, said "a robust economic message that covers everybody" is the best prescription for Democrats' success in the future.
  • Trump team looks to cash in on Black Friday

    11/25/2016 11:01:40 AM PST · by conservative98 · 7 replies
    NY Post ^ | November 25, 2016 | Natalie O'Neill
    Donald Trump’s online campaign shop is joining the Black Friday madness. The president-elect’s campaign is cashing in on the busy shopping day by offering 30 percent off his “Make America Great Again” gear, according to an email blast sent Friday. But to score a bargain on The Donald’s retail goodies — including caps, foam fingers and buttons — buyers are required to enter their employer and occupation on the shop’s website. A Trump spokeswoman said the information would be used for future fundraising. “That information is required for all political fundraising,” said spokeswoman Hope Hicks. To tap into the sale,...
  • Dow surges, up 250 points after FBI clears Hillary Clinton in latest email probe

    11/07/2016 6:41:05 AM PST · by John W · 68 replies
    CNBC via Yahoo News ^ | November 7, 2016 | Fred Imbert
    U.S. equities kicked off the week on a high note, opening sharply higher on Monday after the FBI again cleared Democratic nominee Hillary Clinton over her use of a private server. The Dow Jones industrial average quickly rose more than 250 points. "In terms of the market and its possible response on Wednesday, today's reaction to the FBI news is obvious evidence that market participants have wrapped up the world in a nice and easy box," said Peter Boockvar, chief market analyst at The Lindsey Group. "Hillary wins, good for stocks. Trump wins, bad for stocks. But, anyone who thinks...
  • Taco Bell to add 100,000 U.S. jobs by 2022 (racis'?)

    11/04/2016 9:11:46 AM PDT · by rktman · 33 replies
    marketwatch.com ^ | 11/4/2016 | Tonya Garcia
    Taco Bell, the Yum Brands Inc. YUM, -0.02% Mexican fast-food chain, said Friday that it plans to add 100,000 new jobs in the U.S. by 2022 and grow to 9,000 locations nationwide.