Showing posts with label U.S. Economy. Show all posts
Showing posts with label U.S. Economy. Show all posts

Friday, August 7, 2015

Have We Reached Bottom Yet?

Have We Reached Bottom Yet?

August 07, 2015 Baby Boomers , Labor Participation 0 Comments

Labor Participation Rate At 38 Year Low


By Steve Goldstein, Aug 07, 2015 Market Watch

WASHINGTON (MarketWatch) — It’s an odd thing to say for a number at a 38-year low, but it looks like the percentage of Americans who participate in the labor market has found its footing.

In July, the labor-force participation rate stayed at 62.6%. The rate — alluded to last night by Republican presidential candidates in a televised debate bemoaning the state of the economy — hasn’t veered from a 0.6 percentage point range in nearly two years.

This low participation in the workforce — due to a combination of an aging population, discouraged workers and other factors — has important implications for the U.S. economy and the ability of the U.S. to finance its spending.


Also read: Go-go economy becomes so-so economy

Much of the decline stems from the growing number of baby boomers, who naturally are retiring. The number of people who are 65 years and over, without a disability, who are not in the labor force rose to 24.7 million in July — a rise of about 5 million people since 2008.
Read More: http://www.marketwatch.com

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Sunday, July 12, 2015

Debt "Headed Toward a Level the U.S. Has Seen Only Once"

Debt "Headed Toward a Level the U.S. Has Seen Only Once"

July 12, 2015 CBO Director Keith Hall , Debt Headed 0 Comments

CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here

By Terence P. Jeffrey, July 10, 2015 CNS News

(CNSNews.com) - Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II.

To simply contain the debt at the high historical level where it currently sits—74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).

Historically, U.S. government debt held by the public, measured as a percentage of GDP, hit its peak in 1945 and 1946, when it was 104 percent and 106 percent of GDP respectively.

Read More: http://cnsnews.com

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Sunday, July 5, 2015

The Result Of Tax, Spend, Regulate

July 05, 2015 Associated Press , Christopher S. Rugaber 0 Comments
Job Market's New Normal: Smaller Workforce, Sluggish Pay 

By Christopher S. Rugaber, and Josh Boak, Jul. 4, 2015, Associated Press

WASHINGTON (AP) -- Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.

Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.

Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.

An aging population is sending an outsize proportion of Americans into retirement. Many younger adults, bruised by the Great Recession, are postponing work to remain in school to try to become more marketable. Global competition and the increasing automation of many jobs are holding down pay.

Many economists think these trends will persist for years despite steady job growth. It helps explain why the Federal Reserve is widely expected to start raising interest rates from record lows later this year even though many job measures remain far below their pre-recession peaks.

More: www.ap.or

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Saturday, June 27, 2015

And Hillary Runs For A 3rd Obama Term?!?

June 27, 2015 U.S. Economy , Washington Examiner 0 Comments
Poll: 72% Fear Economic Crash, Concern 'Highest Ever'

 By Paul Bedard, Jun. 26, 2015, Washington Examiner

The ever-expanding Republican presidential field, which threatens to splinter over social issues as dark horses grab hot-button topics for attention, is being urged to stick to the economy where the real pot of voter gold sits.

"Concern over the economy is the highest I've ever seen," top GOP pollster Ed Goeas told the moderate Republican Ripon Society. He said 72 percent are worried about an economic downturn.

"Republicans need to get into the game on better turf and that means talking in specifics about how we will bring the economy back and help create the jobs that go with real recovery," added pollster David Winston.

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Saturday, June 20, 2015

"can't print money forever"

June 20, 2015 Amanda Diaz , CNBC 0 Comments
Ron Paul: Stock Market 'Day Of Reckoning' Is Near 

By Amanda Diaz, Jun. 19, 2015, CNBC

Despite record highs in the market, former Rep. Ron Paul says the Fed's easy money policies have left stocks and bonds are on the verge of a massive collapse.

"I am utterly amazed at how the Federal Reserve can play havoc with the market," Paul said on CNBC's "Futures Now" referring to Thursday's surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. "I look at it as being very unstable."

In Paul's eyes, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos."

More: www.cnbc.com

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