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Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds. Our story began with a Wall St.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. The graph shows existing home sales from 1994 through the report last month. -- Friday, March 21st -- No major economic releases scheduled.
I wrote: It appears to me that the Journal got that number from BLS. His headline is classic: The fast-food industry claims the California minimum wage law is costing jobs. Its numbers are fake. Source : The fast-food industry claims the California minimum wage law is costing jobs. Its numbers are fake.
At the end of each year, I post Ten Economic Questions for the following year (2022). percent year-over-year and the November PCE price index, excluding food and energy, increased 4.7 As of August 2022, the total number of jobs had returned and are now 1.044 million above pre-pandemic levels. percent year-over-year.
@TBPInvictus here: If you’re not aware of the brouhaha that was stirred about a year or so ago when CA Gov Gavin Newsom signed into law (taking effect April 1, 2024) a new $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here. Its numbers are fake.
How should investors view the relationship between trade policy and inflation in the current economic environment? Gwinn Professor of Economics Masters in Business (coming soon) ~~~ Find all of the previous At the Money episodes here , and in the MiB feed on Apple Podcasts , YouTube , Spotify , and Bloomberg. I think number one.
(gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) Measuring economic inequality is harder than it looks. washingtonpost.com) The number of American centenarians is set to quadruple. pewresearch.org) Who get theirs rough roads repaved?
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. -- Wednesday, September 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
Will the economic slowdown continue into 2023? There are other worrisome changes in consumer behavior: Two Wall Street Journal columns reported that a widespread switch towards cheaper store brands and less expensive names is already pressuring consumer food, beer and tobacco companies. Will the economic slowdown continue into 2023?
At the end of each year, I post Ten Economic Questions for the following year (2023). My guess is multi-family starts will decline in 2023 as rents soften and as the record number of housing units under construction are completed. percent year-over-year and the October PCE price index, excluding food and energy, increased 3.5
I have detailed over the past decade or so the lagging nature of wages in America — deflationary in economic terms — and how that had begun to change in the late 2010s pre-pandemic. By any measure, we still have an enormous number of unfilled positions. It’s just off the peak, but still extremely high by any measure.
The key economic reports this week are Retail Sales, Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). The consensus is for a 0.5% increase in retail sales. The consensus is for a 0.1%
Nonetheless, economic cheerleaders tout the monthly data even when the household survey shows major discrepancies. Fall & Winter Double Issue With that background please consider the Philadelphia Fed Fall & Economic Insights Winter Double Issue for 2022 Q3 and Q4, emphasis mine. Retail Sales Evidence Food Service: +0.9
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. . -- Wednesday, January 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
The key economic reports this week are October Retail Sales, Housing Starts and Existing Home sales. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. The consensus is for a reading of -7.0,
Most economic downturns hit lower-income Americans hardest, but this time is different. A flair for comfort food is understandably a requisite skill for any chef working in this environment. ( They have each other’s phone numbers. My end-of-week morning train WFH reads: • It’s a Richcession, Not a Recession.
nytimes.com) Long-term renewable energy storage is needed, but the economics are uncertain. nytimes.com) How financial incentives are driving the rising number of bee colonies. wapo.st) Food Chick-fil-A is going to reintroduce chicken treated with antibiotics. (nytimes.com) Energy The U.S.
Rubenstein, Chairman of the Economic Club of Washington, D.C. -- Tuesday, July 16th -- 8:30 AM: Retail sales for June is scheduled to be released. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
It’s the intersection of business, people, psychology, sociology, and numbers. We empathize with animals — after all, we are animals ourselves — but we’re also hardwired to seek calorie-dense, energy-rich foods. . • Reflections on the Investing Process with Michael Mauboussin : “This is the nature of what we do.
This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 2.0% Any number above 50 indicates that more builders view sales conditions as good than poor. -- Tuesday, April 16th -- 8:30 AM ET: Housing Starts for March.
Our relationship with money is complicated: Speak to someone at the bottom of the economic ladder and they will tell you in no uncertain terms that a lack of money can lead to misery; but speak to enough millionaires and billionaires and it’s pretty clear that money doesn’t automatically lead to happiness.
The key economic reports this week are September Retail Sales and Housing Starts. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. -- Friday, October 18th -- 8:30 AM: Housing Starts for September.
For manufacturing, the Industrial Production report will be released. -- Monday, August 12th -- No major economic releases scheduled. -- Tuesday, August 13th -- 6:00 AM ET: NFIB Small Business Optimism Index for July. The key reports this week are July CPI, Retail Sales and Housing Starts. The consensus is for a 0.2% increase in PPI, and a 0.2%
The key economic reports this week are September Retail Sales, Housing Starts and Existing Home sales. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). The consensus is for a reading of -1.5, The consensus is for a 0.2% increase in retail sales. This graph shows retail sales since 1992.
The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. 1] However, in 2022, this number spiked to 9.1% 1] [link].
For manufacturing, April Industrial Production, and the May NY and Philly Fed manufacturing surveys will be released. -- Monday, May 13th -- No major economic releases scheduled. -- Tuesday, May 14th -- 6:00 AM ET: NFIB Small Business Optimism Index for April. The key reports this week are April CPI, Retail Sales and Housing Starts.
Phil Pearlman : If we take the first 50 years of behavioral economics, we go back. We think about what is the primary, what is the one big takeaway so far from behavioral economics? You don’t have to say, Hey, I’m going to go run a half marathon, or, Hey, I’m going to cut out every bad food that I’ve ever eaten.
And there’s a fair number of people who say 70%, two thirds of the stock market without any risk at all, market risk that is – sign me up for that. It’s a number that’s put out every Thursday for the previous week. That is, over the last 50 years, an extraordinarily low number. It’s a state program.
The key economic reports this week are October CPI, Retail Sales, and Housing Starts. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. 8:30 AM ET: Retail sales for October will be released.
This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Any number below 50 indicates that more builders view sales conditions as poor than good. . -- Wednesday, January 17th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
Retail and food service sales have increased at an 8.6% Economic indicators across consumption, income, industry and the labor market don’t point to a recession. Fast forward 12 months and not only did we not have a recession, but economic growth has accelerated over the past quarter and is showing strong momentum as we head into 2024.
For manufacturing, the January Industrial Production report, and the February NY and Philly Fed manufacturing surveys will be released this week. -- Monday, February 12th -- No major economic releases scheduled. -- Tuesday, February 13th -- 6:00 AM: NFIB Small Business Optimism Index for January. The consensus is for 0.2% up from -43.7.
For manufacturing, the Industrial Production report will be released. -- Monday, August 14th -- No major economic releases scheduled. -- Tuesday, August 15th -- 8:30 AM: Retail sales for July is scheduled to be released. The consensus is for 0.4% increase in retail sales. This graph shows retail sales since 1992. down from 1.1.
For manufacturing, the January Industrial Production report, and the February NY and Philly Fed manufacturing surveys will be released this week. -- Monday, February 13th -- No major economic releases scheduled. -- Tuesday, February 14th -- 6:00 AM: NFIB Small Business Optimism Index for January. The consensus is for 0.5% up from -32.9.
7 This Week: Key Economic Data Tuesday: Consumer Confidence. Source: I nvestors Business Daily – Econoday economic calendar ; November 21, 2024 The Econoday economic calendar lists upcoming U.S. In the month-to-date through November 22, the Russell is up nearly 9 percent. New Home Sales. FOMC Minutes. Durable Goods.
Weekly Market Insights | October 28th, 2024 Stocks Mixed Ahead of Election Stocks were mixed last week as fresh economic data points and election-related uncertainty slowed market momentum. On Tuesday, Standard & Poor’s reported that the number of stocks above their 20-day moving average fell to nearly 50 percent.
percent rise excluding food and energy. Question of the Day Q: Did the beat the street numbers put a Fed pivot back in play? I discussed the CPI this morning in CPI Jumps Another 0.4% in October Led by Shelter and Energy Bloomberg Econoday Consensus Economists at Bloomberg Econoday expected a 0.7 percent overall rise, and a 0.5
Weekly Market Insights | December 2nd, 2024 Solid Gains for Thanksgiving Week Stocks posted solid gains over a short and busy holiday week as investors parsed fresh economic data, comments on potential future trade policy, and a few Q3 reports from technology companies. One area of concern has been the economic impact of proposed tariffs.
You graduate Harvard in 1990, with an Economics and Computer Science degree, perfect for the explosion of the Internet; a PhD from MIT and Information Technology in ‘96. WENGER: No, we’ve definitely always been disciplined on valuation, and we’ve let a number of things go. WENGER: Yeah. Instead, it’s human attention.
Weekly Market Insights: September Stocks Open In Positive Territory Presented by Cornerstone Financial Advisory, LLC Falling bond yields–spurred by weak economic data–helped lift stocks to weekly gains. A downward revision of Q2 economic growth and fresh signs of a cooling labor market reversed the recent rise in bond yield.
While these exciting new developments garner a lot of attention, there are a number of other secular growth stories that, for investors, are equally worthy of attention. per annum with growth every single year regardless of economic circumstances. “They spend more. they’re more likely to get premium kibble.
Ironically, strong retail sales numbers—while a sign of a strong economy—send a mixed message to investors. Confident consumers tend to spend money, which may take some pressure off the Fed as it looks to manage economic activity. This Week: Key Economic Data Monday: Fed Official Austan Goolsbee speaks. Housing Market Index.
Here we shall discuss the most traded commodities in the world with their importance, impact on economics and factors affecting their prices globally. are required for the production of energy, food, clothing and other required products, that forms the basis of a globally growing economy.
economy appears to be in the late stage of expansion, with strong economic activity but labor and supply chains remain constrained. in November and a wide gap between the number of job openings and unemployed persons seeking work, roughly two-to-one, according to the most recent data release. Responding to recession risks.
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