Econ70
The Friday File: In 2017, the wealthiest 1% of the global population, 77 million people, was estimated to hold 50% of world wealth. Due to better data and estimates, it’s now estimated that they only hold 47% of global wealth;…
During the year ending 7/1/18, the US population grew by 2.02 million or 0.6%, the slowest pace since 1937, and now totals 327.2 million. The excess of births over deaths resulted in an increase of 1.04 million persons, while immigration…
Over the past year, the number of job openings has grown by 1.02 million. Over a third of these job vacancies are in accommodation and food service (200,000 more open jobs) and retail (147,000 more), both typically suited for entry-level…
Last week, British Prime Minister Theresa May survived a vote of no-confidence by a painfully lackluster score of 200 to 117. Worse, she promised not to lead the Tories into the next election, due no later than 2022. To now…
US Markets are jittery after suddenly realizing Europe and China have been slowing and that this will reduce US growth. That said, US 18Q4 growth should be a strong 3%, wage growth is at its best level in a decade,…
The Friday File: The percentage of voters whose surname starts with S is almost 10%, followed by M with 9.25%, B at 8.5%, C with 7.25%, and H at 6.75%. W and R follow with about 5.5% each. These seven…
The recently concluded G20 meetings include, by GDP ranking; the USA, China, Japan, Germany, UK, India, France, Brazil, Italy, Canada, South Korea, Russia, Australia, Mexico, Indonesia, Turkey, Saudi Arabia, Argentina, South Africa, and oddly the EU, which isn’t a nation.…
During CY2017, France had the highest tax revenue as a percent of GDP among the 36 OECD (wealthy western democratic) nations at 46.2%. Denmark was just behind at just 46%, and in third was Sweden at 44%. The US was…
For the week ending 11/30/18, the US exported 3.2 million barrels/day of crude oil and 5.8 million barrels/day of gasoline, refined products. Those 9 million barrels/day of exports exceeded the 8.8 million barrels/day of imports, making the US a net…
With 155,000 net new November jobs, the labor market continues to perform well, but may be cooling. The unemployment rate held at 3.7% as folks continued joining the labor force, which is great, and wage growth was unchanged from October’s…