Econ70
The Friday File: A German passport allows bearers to visit 177 countries visa-free, more than any other nation. Sweden follows at 176, followed by Finland, France, Italy, Spain and the UK all at 175. In 8th position are Belgium, Denmark,…
Among those 16 and over in the US who earned money in 2014, earning $10,000 put you in the 20th percentile of those with earned income. If you earned $27,000, you were in the 50th percentile while those earning $50,000…
This year’s speaker at the Builder & Developer Luncheon, Dr. Elliot Eisenberg, offered a lively take on the current economy. Read more here.
Postal service employment peaked at 909,500 in 4/99. It then began a slow but steady decline, but temporarily peaked at 781,600 in December 2007, just before the start of the Great Recession. It then rapidly fell, hitting a trough of…
In 2016, China is aiming for GDP growth of 6.5% to 6.7%. While that’s way too high, China will make it happen. That means increasing the money supply and lending by a dangerously high 13% each, having a budget deficit…
Friday’s employment numbers showed 242,000 net new jobs and cumulative upward revisions of 30,000 for prior months. The labor force participation rate hit 62.9%, a level not exceeded since 3/14, and the unemployment rate was unchanged as discouraged workers keep…
The Friday File: The cheapest gasoline in the world is in Venezuela where it costs just 6 cents/gallon, Kuwait is next at 82 cents/gallon, followed by Saudi Arabia at 91 cents/gallon, and Turkmenistan at $1.08/gallon. The US is 20th cheapest…
If middle-class is defined as those earning between two-thirds and twice the national median income, in 2015 the 120.8 million middle-class adults were, for the first time, exceeded by the 121.3 million lower- and upper-income adults. In 1971, 61% of…
February auto sales hit an annualized rate of 17.5 million, a 16-year February high and are up 6.9% from 2/14. January construction spending rose 1.5% M-o-M and 10.4% Y-o-Y with residential, non-residential and public spending up 8%, 11% and 13%…