Flashback: On the 22 January, I wrote here the Intl Monetary Fund forecast that oil rich Socialist Venezuela is anticipating 720% inflation this year.
(IBD) Welcome To Wendy’s… Self-Serving Kiosks Will be Added at 6000+ Locations This Year Joining a Growing Trend of Companies Across the Country
Flashback: On the 28 October, 2014 I wrote here that Lowe’s/Orchard Supply in San Jose added ‘Robotic Shopping Assistants’ for ones convenience, just as one will now commonly find self-service kiosks at airports, the U.S. Postal Service and Hertz locations, just to name a few throughout the country and no one gives them a second thought.
Labor Force Participation Rate Declines to 62.8% Matching a Rate When Another Democrat, Jimmy Carter Occupied the Oval Office -Image: Bureau of Labor Statistics
(Market Watch) Companies scaled back hiring in April, adding a mere 160K jobs well below expectations of 203,000 jobs — the labor force participation dipped to 62.8% near a 38 yr low as 362,000 people dropped out of the job force in April
The number of Americans not in the labor force last month totaled 94,044,000 — 562,000 more than in March reports CNS News among major worker groups the jobless rate for Hispanics grew to 6.1% and African-Americans 8.8%
On the 03 May, I wrote here that productivity growth is slowing more than it has since the 1980s as the economy grew at an anemic 0.5% annually according to data released last week by the Dept of Commerce.
More here from Fox Business
Social Security Deficit was $79.7 Billion in 2014
and Projected to be $337 Billion by 2032 –Heritage Foundation
Hillary Clinton — Fighting For Us???
Dignity and a Sense of Purpose Doesn’t Pay the Bills or Put Food on the Table
Flashback: Remember in 2014 When Hillary said that
Corporations & Businesses Don’t Create Jobs
Hillary Clinton Cheers Obama’s Progress??? What Progress???
(Business Insider) From 2011-2015 the government’s official labor productivity measure shows only a 0.4% annual growth in output per hour of work. That is the lowest for a 5 yr span since 1977-1982 and far below the 2.3% average since the 1950s — Productivity has flattened and without fast rising productivity growth, one is not going to get fast rising living standards.
In related anemic economic news, on Friday, the Dept of Commerce reported home-ownership rates fell to the 3rd lowest on record while also reporting last week, the nation’s anemic economy is stalling, growing at a mere 0.5% annually, the slowest pace in two years.
On the 01 April, I wrote here that 93.4 Million Americans were out of the labor force in March and manufacturing jobs declined by 29,000 from a month earlier according to data released by the Dept of Labor Bureau of Labor Statistics.
(NY Times) Despite Obama’s rosy economic perception and claims that the economy is in much better shape than the public appreciates, together with his delusional claims of falling budget deficits (by roughly three quarters) since he took office — numbers just don’t lie unlike someone else that I won’t mention.
Flashback: Remember When Obama Claimed George Bush Was Irresponsible and Unpatriotic for Adding $4 Trillion to the Federal Budget Deficit?
What Does This Make Obama???
(MarketWatch) The rate that Americans own their own homes fell in the first quarter to the third lowest on record and indication that worsening finances as well as changing preferences since the great recession are altering behavior.
The U.S. Dept of Commerce reported that the homeownership rate fell to 63.6% in the first quarter marking the third lowest figure since the 63.5% low in the second quarter 2015 — the homeownership rate was 67.8% in the quarter when the U.S. entered recession.
On Thursday I wrote here that the U.S. Dept of Commerce GDP report shows the nation’s economy growing at just an anemic 0.5% the slowest pace in two years.