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The cost of the American dream is rising at a faster pace than household earnings, driven by notable increases in the cost of homeownership, raising children and paying for college, according to a new report. An analysis by Investopedia finds that the lifetime cost of the American dream rose 4.1% from 2025 to 2026, with the cost increasing by more than $208,000 from $5.11 million a year ago to $5.32 million this year. That cost has risen faster than wages and salaries, as the Bureau of Labor Statistics data for private sector wages and salaries in the past 12 months...

The chart below shows definitively that data centers are the engine powering blue-collar employment these days. Former Obama economist Jason Furman makes the twisted argument that data centers are “crowding out” other construction activity. No, Jason. Data centers are the key to the reindustrialization of America, as your own chart shows: The media are trying to downplay the blue-collar data center boom. Watch this reporter who tried to tell a worker that his job is only temporary. His reply was priceless: And we love this headline about the unions shifting towards Republicans over the issue:

While inflation has been running stubbornly high, American paychecks are growing even faster than prices are rising. Inflation-adjusted weekly wages have risen in 16 out of the 18 months for which the government reported data since President Donald Trump was inaugurated in January 2025. There was no data for October because of the government shutdown last year. To put it differently, real weekly wages have been positive 89 percent of the time since Trump took office. By contrast, real weekly wages rose less than half of the time—46 percent—during Biden’s presidency. During Trump’s first term, real weekly wages were positive...

LA’s “mansion tax,” sold to Angelenos as a way to tax the rich and boost housing, has instead blocked the building of 9,100 homes, wiped out 16,650 full-time construction jobs and cost $452 million in revenue. A damning new report says the tax, officially known as United to House LA, or ULA — has had a negative impact on the city’s high-end and multi-family real estate markets and collected less than half what it was expected to generate to tackle the city’s housing crisis. The ULA was expected to raise about $900 million a year, or $2.7 billion over its...

President Donald Trump is unveiling Monday plans for a massive steel plant in Iowa that the White House says will be the largest in American history and promises to bring 1,750 permanent jobs to the state. The roughly $15 billion steel plant is touted as a major new investment and evidence that Trump's economic agenda is bringing heavy manufacturing back to the U.S. with just over a month until the midterms. It will create between 5,000 and 6,000 construction jobs during its first phase. Trump is expected to make the announcement from the Oval Office at 2 p.m. alongside executives...

Most people I went to high school with did not go to college. Unless you grew up someplace incredibly wealthy, I bet it’s the same for you. It wasn’t expected of me; it wasn’t even really discussed because the concept was foreign to my family, and I only ended up going full time after a few years of floundering, drinking, and job after job I hated and was miserable doing. I lost touch with most, but not all, people from high school. But losing touch doesn’t mean not knowing what they’re up to. Many went on to big careers and...

In early 2025, almost no one predicted a recovery in American manufacturing. But manufacturing output has been recovering for a year and a half, and this year hiring finally joined it: factory employment stopped falling in December and has added 58,000 jobs in 2026. The recovery is narrow. Almost all of it, in output and in hiring, comes from advanced manufacturing: chemicals including pharma, machinery, computers and electronics, and transportation equipment. The rest of the sector is still flat or shrinking. The job gains are modest and probably always will be, because these are the most capital-intensive factories in the...

Projections indicate that a Paramount exodus would severely hurt California’s economy to the tune of billions of dollars and tens of thousands of jobs if movie studio head David Ellison made good on his threat to relocate. AG Bonta’s lawsuit halts the Warner Bros. acquisition.Conducted by the Los Angeles County Economic Development Corporation, the study found that California would lose roughly 28,990 to 57,980 full-time jobs statewide across various industries if Paramount relocated to a state like Tennessee, with revenue losses estimated between $10.6 billion and $21.2 billion annually. “It should be emphasized that these estimated job losses include direct,...

The panicans, thus far, have been proven wrong once again. Despite mass bipartisan fears of an unemployment crisis thanks to the technological advancements made in artificial intelligence, advancements in AI have created about one million American jobs, according to The Economist, readily outpacing the about 200,000 layoffs attributed to AI in the same period. In other words, technological advancements have yet again proven to be a net producer of jobs.🚨 The Economist: AI has already created around 1 MILLION American jobs.From skilled trades to high-tech roles, AI is proving to be a net job creator. pic.twitter.com/wKzAkg35wW— Innovation Council (@innovationcncl) September...

Just as "The Obsolete Man," which aired in 1961, depicted a future society in which technology had rendered certain professions obsolete, a recent survey showed that, as AI reshapes the workplace, most U.S. workers fear becoming obsolete in the future workforce and believe developing new skills is essential to job security.While many workers attributed their fear of obsolescence to a lack of skill with the latest technologies, some hiring and workforce professionals said building interpersonal skills is increasingly critical, especially at a time when many young people are living in a digital world.ETS, a global nonprofit educational testing and measurement...

The US Labor Department has suspended Cognizant Technology Solutions Corp.’s ability to file new applications for permanent labour certification, adding to scrutiny of the Indian IT services company’s use of US employment-visa programmes. The suspension will prevent Cognizant from making fresh PERM filings until the department completes an investigation into alleged fraud involving the company’s H-1B and PERM programmes, the department said. The probe follows complaints from whistleblowers alleging wrongdoing in Cognizant’s use of the immigration programmes. Cognizant did not immediately respond to a request for comment. The department’s inspector general, Anthony D’Esposito, said on X that the agency was...

Too many men have quit the workforce. They simply have decided not to work, not provide for their families, or offer leadership for their sons. The family unit has been collapsing in America for decades now partially because the man in the house decided comfort was more important than duty. They have been spoiled. Soft hands and weak spines. A generation of boys are being raised on screens instead of sweat. They know every video game and almost nothing about a job that leaves dirt under their fingernails. Reality for our nation is coming whether they (we) want it or...

American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Manufacturing isn’t the only sector that’s on a hiring spree; businesses across the board added 162,000 new jobs in August. Even The New York Times called the latest employment numbers “zesty.” The paper quoted T. Rowe Price’s chief US economist, Blerina Uruci: “It’s a very good report . . . And it perhaps shows that financial conditions more broadly are not that tight.” The workforce...

The value of the once vaunted college degree has come under increased scrutiny in recent years as critics question the ridiculous cost of most four-year institutions, the fact that huge percentages of them have been leftist indoctrination camps that don’t teach the students any real professional skills that will be useful unless they want to work in the DEI department or become yet another far-left professor, and that many young people are going deep in debt only to find it's tough just to get a barista gig at Starbucks.All but the most affluent families have to beg for financial aid...

There’s a group to thank for August’s blockbuster jobs report: women. Women accounted for 158,000 — or around 98% — of the 162,000 jobs added in the month, according to a CNBC analysis of data released Friday by the Bureau of Labor Statistics. Men represent the remaining 4,000 net positions added, meaning their contribution to overall payroll growth was nearly 40 times smaller. The Economic Security Project, a progressive nonprofit, first pointed out the anomaly in Friday’s data. With Friday’s report, the gap between the number of jobs held by women compared with men climbed to levels never before seen,...

The U.S. economy added 162,000 jobs in August, more than triple Wall Street’s forecast, giving the Federal Reserve more room to raise interest rates despite President Donald Trump’s escalating demands for cuts. Hiring Rebounds After a Weak SummerNonfarm payrolls increased by 162,000 in August, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones had expected just 53,000 new jobs. The unemployment rate held steady at 4.1%, even as the labor force expanded by 683,000 people and the participation rate rose to 61.6%. Previous months also looked stronger after revisions. June payroll growth was raised from 20,000 to...

Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.

A recent report from Stanford reviewed the latest employment data and found that, so far, AI has not resulted in large scale job destruction. Meanwhile, new hiring data from the Economic Times reveals that AI is actively fueling unprecedented job creation, with AI skills now powering nearly two-thirds of new Global Capability Center hiring. Together, these recent dispatches from the front lines of the labor market point to a calming reality: the much-dreaded AI job apocalypse hasn't materialized as a sudden extinction event.The (sometimes buried) lede: AI is delivering real impact, and it is broadly changing the nature of work....

What jobs do data centers actually create? It is a question increasingly on Americans’ minds as public opinion turns against data centers, their construction, environmental footprint, energy and water use, and uncertain local economic benefits. Yet in an era when President Trump has promised to reindustrialize America, many people are asking a simpler question: what good jobs will these facilities actually provide?First, it is important to remember that jobs should not be the primary metric for evaluating any infrastructure project. Treating them as such is reminiscent of the public-works programs of the 1930s under FDR, when the focus often shifted...

American workers' wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years. The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price increases, according to new economic research. From February 2021 to June 2022, real wages — or the purchasing power of the average American's paycheck — fell by more than 4%, according to the paper from the University of Chicago and ADP researchers. That...