Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

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Southern California home prices surge, tying an all-time high

LOS ANGELES — Southern California home prices surged 8.6 percent in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to a report released Wednesday. The six-county region’s median home price hit $505,000 last month, a nominal record last seen in September and,… Please follow and like us:

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Summary Results Of APEC Member Meeting In Vietnam

THE 25TH APEC ECONOMIC LEADERS’ MEETING Da Nang, Viet Nam 11 November 2017 Da Nang Declaration Creating New Dynamism, Fostering a Shared Future We, the Leaders of APEC, gathered in Da Nang, Viet Nam under the theme Creating New Dynamism, Fostering a Shared Future, determined to take bolder and sustained collective actions to inject new dynamism… Please follow and like us:

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US loses 33,000 jobs in September after hurricanes slam Texas, Florida

WASHINGTON — Hurricanes Harvey and Irma walloped the labor market last month, causing the nation to lose jobs for the first time in seven years, the Labor Department said Friday. Total nonfarm employment declined by 33,000 net jobs in September compared with an upwardly revised gain of 169,000 the previous month. The Labor Department said 1.5… Please follow and like us:

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US unemployment rate drops to 4.3 percent as employers add 209,000 jobs in July

U.S. job growth remained steady in July, though workers are still largely seeing slower wage gains, according to data released Friday by the U.S. Labor Department. Some of the highlights of July’s jobs report: —U.S. employers added 209,000 net new jobs, slightly above analysts’ expectations. —The unemployment rate ticked down slightly to 4.3 percent from June’s… Please follow and like us:

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Job growth rebounds to 222,000 in June; unemployment rate ticks up to 4.4 percent

The labor market rebounded strongly in June as U.S. employers added 222,000 net new jobs for the best performance since February, the Labor Department said Friday. The figure was a significant improvement from May’s upwardly revised job growth of 152,000 net new jobs and well above analyst expectations. Job creation for April and May was revised… Please follow and like us:

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US job growth stumbles in May, possibly clouding Fed’s interest rate decision

WASHINGTON — Job growth slowed sharply in May to just 138,000, the Labor Department said Friday, an unexpectedly lackluster figure that could give Federal Reserve officials concern about enacting another interest rate hike this month. The unemployment rate ticked down a tenth of a percentage point to 4.3 percent, the lowest since 2001. But that was… Please follow and like us:

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No, Paris Exit Won’t Kill America’s Green Jobs

Gloom-and-doom predictions that President Donald Trump’s of the Paris climate accord vastly overstate the risk to America’s burgeoning green energy industry, according to experts on the economy and environment. Trump’s critics on the Left howled loudly, painting a picture of America getting left behind as countries race to develop solar panels and wind turbines to meet… Please follow and like us:

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Study: China Trade, Not Automation, Destroying U.S. Jobs

Despite concerns that the robots are coming for our jobs, automation is responsible for only a fourth as many lost jobs asStudy: China Trade, Not Automation, Destroying U.S. Jobs trade with China since the turn of the century, according to a report released Wednesday. The left-leaning Economic Policy Institute analyzed recent research by economists Daron Acemoglu, of the Massachusetts Institute of Technology and… Please follow and like us:

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Federal Reserve raises key interest rate, indicates two more hikes this year

WASHINGTON — Amid solid job growth and rising inflation, Federal Reserve officials on Wednesday nudged up a key interest rate for the second time in three months and signaled two more hikes are coming this year. After a two-day meeting, members of the policymaking Federal Open Market Committee voted 9-1 to raise the rate 0.25 percentage… Please follow and like us:

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Remaking the Republican Party: Populism a la Trump

Even though US President Donald Trump has been criticised by “true” conservatives for his past liberal positions on social issues and his denunciations of trade pacts, his February 24 speech at the Conservative Political Action Conference (CPAC) was widely applauded. His comments, and those of his chief adviser, Stephen Bannon, suggest that he aims to take… Please follow and like us:

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Amid Economic Slowdown, China Faces Challenge of Creating Quality Jobs

The Chinese government says it intends to create 50 million new urban jobs by 2020 and cap unemployment at five percent. But analysts say that while 10 million jobs a year shouldn’t be difficult, creating good jobs with satisfying income growth in a slowing economy will be challenging. And keeping unemployment down will be hard as… Please follow and like us:

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