Democrats are falling short on their goal to add nearly 1 million manufacturing jobs through the Inflation Reduction Act (IRA) over the next decade. Senate Democrats boasted following the signing of the IRA that the legislation would create over 936,000 “clean” manufacturing jobs over the…
Read More Biden’s Signature Climate Law Is Falling Short On Its Goal To Boost American Manufacturing
Growth in government jobs slowed in April, bucking the pattern that has contributed to above-trend job growth over the past several months, according to data from the Bureau of Labor Statistics (BLS). Employment in government grew just 8,000 in April, lower than the average over…
Read More Gains In Gov’t Jobs Couldn’t Save Biden’s Economy In April
While much has been made about the economic woes and population declines of states like California and New York, recent economic data indicates that Illinois is struggling with huge issues of its own. Illinois had the 5th worst unemployment rate out of any other state in March…
Read More Forget California, Illinois May Be A New Contender For The Most Dysfunctional State
U.S. productivity growth slowed in the first quarter of 2024, casting doubt on the American economy’s future growth, according to data released by the Bureau of Labor Statistics (BLS) on Thursday. According to the BLS, growth in U.S. business productivity slowed to just 0.3% in…
Read More Latest Productivity Data Spells More Trouble For Future Of U.S Economy
Jerome Powell, chair of the Federal Reserve, told reporters Wednesday during a press conference that he does not believe that the economy is heading toward stagflation amid speculation. Powell criticized the speculation among market watchers that the economy was heading toward a period of stagflation…
Read More Fed Chair Disputes View That Economy Is Stalling
The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate as inflation continues to remain elevated. The Fed’s decision not to change rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the sixth…
Read More Fed Keeps Rates Steady As Interest Cut Dreams Slip Away
Democratic California Gov. Gavin Newsom is far from completing his promise of increasing the number of housing units by 3.5 million in the state by 2025. Newsom promised in October 2017 amid his campaign for governor that he would help spur the construction and completion…
Read More California Gov. Gavin Newsom Promised To Build 3.5 Million Homes By 2025. He’s Not Even Close
The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality. Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the…
Read More Biden Admin Justifies Tax Hike Based On Racial Criteria
The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March…
Read More Mounting Evidence Is Pointing To A Nightmare Scenario For The U.S. Economy
Republican Virginia Gov. Glenn Youngkin and the state’s colleges and universities are in the midst of a fight over whether diversity, equity and inclusion (DEI) initiatives should be supported with tax-payer funding. The Youngkin administration in recent months has been in contact with the state’s…
Read More Glenn Youngkin And Virginia Universities Are In Bitter Battle Over Future Of DEI