Since the beginning of the Covid epidemic, the US economy has performed better than European economies and the Eurozone average. This comparison is useful, and not just for boasting rights. Fiscal policy in the USA and in the Eurozone has been dramatically different – The US Federal Government implemented Six very large fiscal stimuli: The […]
– by New Deal democrat The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. In July, it painted a picture of what looks like pretty relentless deterioration. The theme for three of the four data series I track was the same: job […]
Trump is promising mass deportations if he’s elected. He claims this will create jobs and economic growth. We’ve been here before. “In the 1930s, state and local governments deported 400,000 to 500,000 people of Mexican descent, promising to create jobs for Americans during the Great Depression. What actually happened? The employment of native-born Americans dropped […]
We have already posted on Grocery Stores artificially holding prices high and the use of another entity gathering those prices and supplying them to various entities. In day two, Kroger’s use of Albertson’s higher pricing to set their own pricing is a ” strategic avoidance of lowering pricing.” Read on, I will gather up Day […]
– by New Deal democrat As usual we start the month with two important reports on the leading sectors of manufacturing and construction. First, the ISM manufacturing index showed contraction yet again, with the headline number “less negative” by way of increasing from 46.8 to 47.2, and the more leading new orders subindex declining sharply […]
– by New Deal democrat On this Labor Day, it is fitting to update the economic state of ordinary workers. There is a variety of economic data series to track both average and median wages: Without further ado, here is the update for all four. Average hourly wages are updated through July; the other three […]
We have shopped at both stores and also Frys which is also a part of Kroger. Of the three, Ftys is less costly. Our Frys always seems to be out of product. We end up at Bashas to fill out the rest of or grocery shopping, or Sprouts which has excellent veggies, or make the […]
I guess if it is said enough times it has to be true or does it have to be? The Biden rescue since he took office is far better than what we experienced in 2008 onward. Yet Another in the Economy Is Bad Under Biden by Dean Baker CEPR Like other major news outlets, the […]
A fitting topic for Labor Day, 2024. Over at TPM, they have an extended discussion of the records of the Biden/Harris Administration vs the Trump/Pence administration regarding unions and workplace safety. Click the link to read the whole thing. I’ll keep the quotes here within fair use. “. . . three aspects of the candidates’ […]
What is the American Car Culture today? You do not need to look closely or even need glasses to examine or see what it is today. It is no longer a car, it is SUVs and pickups, larger pickups two rows of seating, and even larger pickups with dually wheels. Many are vehicles which never […]