The administration says the president’s focus will be on growing the middle class. President Joe Biden is scheduled to travel to Chicago on Wednesday, where he will attend…
Read MoreRecession
Over 100K Jobs Cut in January
The report says, the worst January since 2009. Tech companies led the nation in job reductions in January, with around 40 percent of over 103,000 jobs that were…
Read More
The Conference Board Leading Economic Index Falls for Tenth Month
The results have led some to believe a recession is coming. The Conference Board Leading Economic Index (LEI), which is a barometer of the health of the American…
Read More
Journalism Act Could Remove News from Facebook
Congress considers adding journalism negotiation to upcoming defense bill. Congress is considering adding the Journalism Competition and Preservation act to their annual defense bill, which would allow news…
Read More
Interest Rates Raised Again by Federal Reserve
The third straight month of supersized rate increase. On Wednesday, the Federal Reserve raised rates by three-quarters of a point and projected a more aggressive path ahead, suggesting…
Read More
Job Openings Increased in July
The hiring pace slowed for the fourth month in a row. The U.S. Department of Labor announced Tuesday that job openings rose in July as employers become less…
Read More
Housing Starts Drop Nearly 10 Percent
New construction is at the lowest level since June 2020. The Commerce Department reported the number of housing starts decreased sharply in July. Measured on an annualized rate,…
Read More
Unemployment Claims Increase as Layoffs Rise
The number has reached the highest since November of last year. On Thursday, the Labor Department released its weekly report on the job market. For the week ending…
Read More
Administration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
Read More
Middle-Class Families Falling Behind Financially
Inflation continues to rise. A new Primerica poll shows that three out of four middle-class households report falling behind as the cost of living continues its increase. The…
Read More