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Keyword: growth

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  • Country’s fastest-growing city thanks older Americans for splashing cash on sky diving, discos, and concerts

    07/09/2024 5:39:04 PM PDT · by SeekAndFind · 28 replies
    Daily Mail ^ | 07/09/2024 | Rachel Bowman
    One southern city has become a boomer boomtown thanks to an influx of older Americans flocking to its age-restricted, bustling community. Georgetown, Texas is officially the fastest-growing city in the country in part due to its wealthy 55-and-older community called Sun City Texas. An analysis of Census Bureau data for cities with populations of at least 50,000 by The Wall Street Journal found Georgetown has now been the top city for population growth for three years in a row. Georgetown grew 11 percent in 2023, 14 percent in 2022 and 11 percent in 2021. The median age in the boomer-rich...
  • Analysis: 75% of American Job Growth Has Gone to Migrants Since 2019

    06/11/2024 5:00:35 PM PDT · by ChicagoConservative27 · 3 replies
    Breitbart ^ | 06/11/2024 | John Binder
    The majority of job growth in the United States since 2019 has gone to newly arrived migrants as working-class American men continue to fall out of the labor force, an analysis shows. The analysis, published by Steven Camarota at the Center for Immigration Studies, shows the extent to which President Joe Biden’s agenda to grow the labor market with mass immigration — rather than enticing Americans on the sidelines back into work — has been largely executed.
  • Back to the macroeconomic ’90s? Lower deficits can again create more growth

    05/24/2024 1:04:28 PM PDT · by ChicagoConservative27 · 10 replies
    The Hill ^ | 05.24.2024 | PHILIPP CARLSSON-SZLEZAK & PAUL SWARTZ
    Washington’s addiction to deficit spending — a rare bipartisan habit — is unlikely to change, no matter the electoral outcome in November. A deep conviction exists on both sides of the political divide that fiscal consolidation, whether achieved through less spending or higher taxes, reduces growth. What this political consensus misses, however, are situations in which the classic trade-off is suspended — when smaller deficits can counterintuitively deliver more growth. Today’s macroeconomic environment is ripe for such an approach. Compared to the years before the pandemic, fiscal policy — government spending and taxation — has kept a foot on the...
  • GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

    04/25/2024 11:42:45 AM PDT · by ChicagoConservative27 · 16 replies
    cnbc ^ | 04/25/2024 | Jeff Cox
    U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday. Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace when adjusted for seasonality and inflation, according to the department’s Bureau of Economic Analysis. Economists surveyed by Dow Jones had been looking for an increase of 2.4% following a 3.4% gain in the fourth quarter of 2023 and 4.9% in the previous period. Consumer spending increased 2.5% in the period, down from a 3.3% gain...
  • GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates

    04/25/2024 7:50:45 AM PDT · by lasereye · 22 replies
    Yahoo Finance ^ | Apr 25, 2024 | Josh Schafer
    The US economy grew at a slower pace than expected in the first quarter. The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2.5% during the period. The reading came in significantly lower than fourth quarter GDP, which was revised up to 3.4%. The softer-than expected print is a sign that the Federal Reserve's historic interest rate hikes are putting pressure on consumers and the economy. Investors...
  • IMF boosts 2024 global growth outlook as U.S. economy powers on

    04/17/2024 9:23:16 AM PDT · by SeekAndFind · 8 replies
    Seeking Alpha ^ | 04/17/2024 | Liz Kiesche
    The International Monetary Fund boosted its 2024 global growth forecast to 3.2%, holding steady with 2023, compared with its previous outlook that expected 2.9% growth this year and 3.0% in 2023. In addition, headline inflation is projected to drop to 2.8% at the end of 2024 then to 2.4% at the end of 2025. "Most indicators continue to point to a soft landing," the IMF said in its April 2024 World Economic Outlook Report. "We also project less economic scarring from the crises of the past four years, although estimates vary across countries." The U.S. economy has overtaken its pre-pandemic...
  • Biden: Economic Growth ‘Not Yet’ Reflected in Paychecks, Pocketbooks

    04/10/2024 6:16:48 AM PDT · by ChicagoConservative27 · 16 replies
    Breitbart ^ | 04/10/2024 | IAN HANCHETT
    During an interview with Univision that took place on March 20 and was released on Tuesday, President Joe Biden responded to a question on what he would say to people who don’t feel economic growth or job creation in their paychecks and pockets by stating that “it’s not yet” reflected and touting his work on overdraft and junk fees. Interviewer Enrique Acevedo asked, “I’ve heard you talk about economic growth, job creation. What do you say to the families — not just Latino families — but families across the country, that don’t feel that economic growth, that job creation reflected...
  • Economic Growth In The U.S. Happening Mainly in Red States

    02/17/2024 9:41:52 PM PST · by SeekAndFind · 4 replies
    Hotair ^ | 02/17/2024 | David Strom
    ABC reported that almost all the strong economic growth in the country is happening in the Red states, proving to them that warm weather causes economic growth. At least that is the explanation that they are going with. That, and Democratic mayors in Red states are attracting young liberal workers. So Texas is going gangbusters because people like hot weather and Democrats.No, I am not kidding. They don't even mention that Republicans run the states. They are Red states because Trump won. Republican governors and legislators apparently are irrelevant. Nearly every week, a fresh round of strong economic data elicits...
  • ‘WHOPPER!’ CNBC Anchor Stunned Over Hot New Jobs Report — ‘HUGE JUMP’ In Pay

    02/02/2024 6:21:47 AM PST · by Miami Rebel · 85 replies
    Mediaite ^ | Feb 2nd, 2024, 9:04 am | Tommy Christopher
    CNBC anchor Rick Santelli gushed over a January jobs report that he described as a “WHOPPER” that blew away expectations and featured a “HUGE jump” in average hourly wages. On Friday morning, the Bureau of Labor Statistics released a January jobs report that saw 353,000 jobs added, well above expectations: Total nonfarm payroll employment rose by 353,000 in January, and the unemployment rate remained at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas...
  • Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says

    09/20/2023 10:52:35 AM PDT · by ChicagoConservative27 · 30 replies
    MSN ^ | 09/20/2023 | Jennifer Sor
    Oil prices could soar back into the triple-digits if crude supply faces more pressure – and that could bring global economic growth to a near standstill, according to JPMorgan. In a note on Tuesday, the bank's strategists noted oil prices have jumped 27% over the past month to trade at a 10-month high. Around 25% of that change is attributable to higher-than-expected oil demand, while 75% is attributable to major supply cuts, such as from OPEC+, which has repeatedly slashed its crude production over the past year.
  • Slippin’ Into Darkness! St Louis Fed Nowcast Q3 GDP Growth At -0.07% As M2 Money Growth Collapses (While Atlanta Fed GDPNow At 5.6% Growth?)

    09/05/2023 10:15:56 AM PDT · by Kaiser8408a · 11 replies
    Confounded Interest ^ | 09/05/2023 | Anthony B. Sanders
    Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class. The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses. If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael Bostic is its President) which has Q3 GDP at 5.6%. When will The Fed return to it low riding rates days? Reverend Biden.
  • Job growth dips sharply as labor market cools

    08/30/2023 10:43:15 AM PDT · by ChicagoConservative27 · 3 replies
    The Hill ^ | 08/30/2023 | JULIA SHAPERO
    Job growth in the private sector slowed sharply in August, coming in below economists’ expectations and hinting at a cooling labor market. The private sector added only 177,000 jobs in August, according to the latest ADP National Employment report released Wednesday. This marks a significant drop from July’s numbers, which ADP revised upward to 371,000. Economists surveyed by Reuters had anticipated a 195,000 increase in private employment, while those polled by Dow Jones had forecast a 200,000 increase, according to CNBC. “This month’s numbers are consistent with the pace of job creation before the pandemic,” said Nela Richardson, the chief...
  • Bidenomics Gets Jolted! US Job Openings Fall To 8.82 Million In July (Down -22.4%) As M2 Money Growth Collapses

    08/29/2023 8:39:46 AM PDT · by Kaiser8408a · 23 replies
    Confounded Interest ^ | 08/29/2023 | Anthony B. Sanders
    Bidenomics just got jolted! US job openings in July collapsed by -22.4% to 8.82 million job openings. As M2 Money growth remains negative. You can see the same collapse in growth of job openings in this chart. Apparently, Powell and The Gang at The Federal Reserve have to keep on printing! Here is alleged Civil Righter advocate Joe Biden saying the N- word in Congress. I can’t believe this stupid, demente fool is our President.
  • The Core! US March Core PCE Prices Remain HOT At 4.6% YoY Despite Fed Crashing M2 Money Growth, March Personal Spending Slows To 0% MoM (Taylor Rule Suggests 10.27% Target Rate)

    04/28/2023 7:08:04 AM PDT · by Kaiser8408a · 3 replies
    Confounded Interest ^ | 04/28/2023 | Anthony B. Sanders
    March’s Personal Consumption Expenditures Core Prices remain HOT despite The Fed crashing M2 Money growth. Personal spending in March slowed to 0% growth. The Taylor Rule infers a Fed Funds target rate of 10.27% Alas, we will never get there.
  • Art Laffer: Want A Booming Economic Future? Look To The Pro-Growth Policies Of The Past

    02/27/2023 8:42:49 AM PST · by SeekAndFind · 4 replies
    The Federalist ^ | 02/27/2023 | VANCE GINN, PH.D., AND ARTHUR LAFFER, PH.D.
    Just because counterproductive economic policies have been around for a long time doesn’t mean we shouldn’t try for a better world. There’s a proven pro-growth, pro-liberty path.Both Republicans and Democrats at the national level have put us down a path of slow growth, massive deficits, and high inflation. With a new Republican majority in the U.S. House and the daunting debt ceiling fight over the bloated $31.4 trillion national debt almost exclusively due to excessive spending, there’s a proven pro-growth, pro-liberty path.In 2022, the U.S. had real GDP growth of just 0.9 percent (Q4-over-Q4), the highest inflation in 40 years,...
  • Memo to John Kerry: Advancing Economic Freedom Is True Key to Saving Planet

    01/20/2023 12:13:06 PM PST · by xzins · 9 replies ^ | 20 Jan 23 | Anthony Kim
    China emits 27% of global carbon dioxide and one-third of the world’s greenhouse gases. That exceeds those of the U.S. and other developed countries combined. Fundamentally, a nation’s capacity to grow, prosper, and safeguard the environment hinges on the quality of its institutions and economic system. It’s the freer economies that do a far better job of achieving more dynamic growth while creating a healthier, cleaner natural environment.
  • Florida Ranked As Fastest-Growing State in America

    12/22/2022 8:58:07 PM PST · by SeekAndFind · 23 replies
    Tampa Free Press ^ | 12/22/2022 | Liz Shultz
    Florida was the fastest-growing state from July 1, 2021, to July 1, 2022, with its population increasing by 1.9 percent, according to a report issued Thursday by the U.S. Census Bureau. Florida had an estimated 22,244,823 residents as of July 1, up from 21,828,069 a year earlier. “While Florida has often been among the largest-gaining states, this was the first time since 1957 that Florida has been the state with the largest percent increase in population,” Kristie Wilder, a demographer in the population division of the Census Bureau, said in a prepared statement. While topping states in percentage increases, Florida...
  • Why Did Black Georgians Vote for Raphael Warnock?

    12/15/2022 8:48:50 PM PST · by Tolerance Sucks Rocks · 62 replies
    The Daily Signal ^ | December 14, 2022 | Star Parker
    There are plenty of postmortems about Raphael Warnock’s defeat of Republican candidate Herschel Walker in the runoff for the Senate seat in Georgia. Yes, in the same state, Republican Brian Kemp won a decisive victory in the race for governor. And, yes, to be kind, Walker was not a great flag-bearer to draw voters, particularly black voters, to the Republican Party. But let’s ask why voters, particularly black voters, would send Warnock to represent them for another six years in the U.S. Senate. The Georgia electorate is around 30% black, and 90% of them voted for Warnock. What are these...
  • Biden pushes back on ‘doomsayers’ while touting latest economic growth numbers

    10/27/2022 6:53:23 AM PDT · by ChicagoConservative27 · 28 replies
    The Hill ^ | 10/27/2022 | BRETT SAMUELS
    President Biden on Thursday took a victory lap after federal data showed the U.S. economy grew by 2.6 percent during the third quarter of the year and accused congressional Republicans of “rooting for a downturn.” “For months, doomsayers have been arguing that the US economy is in a recession and Congressional Republicans have been rooting for a downturn,” Biden said in a statement. “But today we got further evidence that our economic recovery is continuing to power forward. This is a testament to the resilience of the American people.” Commerce Department data showed U.S. gross domestic product (GDP) grew at...
  • US economy rebounds with 2.6 percent growth rate in third quarter

    10/27/2022 6:17:05 AM PDT · by ChicagoConservative27 · 43 replies
    The Hill ^ | 10/27/2022 | SYLVAN LANE
    U.S. economic growth rebounded during the third quarter after six months of steady declines, according to data released Thursday by the Commerce Department. U.S. gross domestic product (GDP) grew at annualized rate of 2.6 between July and September, up from declines of 1.6 percent in the second quarter and 0.6 percent in third quarter of 2022, the Bureau of Economic Analysis reported Thursday. That means that if the third quarter’s pace of growth lasted 12 months, the U.S. economy would have grown 2.6 percent by the end of that time. Economists expected U.S. GDP to rise at an annualized rate...