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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.
MSM uncritically repeated the false number. I spend far too much time debunking economic b t. Our story so far: Hoover Institution’s Lee Ohanian wrote a piece last April falsely claiming that California’s new minimum wage law had cost the state almost 10,000 fast food jobs. The story was false. Shame on all.]
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, June 18th -- 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
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.
For manufacturing, the December Industrial Production report and the January New York and Philly Fed manufacturing surveys will be released. -- Monday, January 13th -- No major economic releases scheduled. -- Tuesday, January 14th -- 6:00 AM: NFIB Small Business Optimism Index for December. The consensus is for a 0.4% down from 0.2.
@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.
(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.
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.
The guy is a brilliant operator, one of the best performing publicly traded CEOs in history, at least in the, in the food and consumer services sector. So, so those numbers are astonishing. And I love food. And there was a number that were actually in that business. What can I tell you? Welcome to Bloomberg.
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.
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
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%
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.
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.
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.
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.
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].
Recession-proof businesses are more than just smart, they’re essential when economic uncertainty hits. Food and beverage 3. Content related to challenging financial times Final thoughts: Start building a recession-proof business today Recession-proof businesses can thrive despite an economic downturn. Baby products 2.
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.
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.
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.
So what were the numbers like after World War 1 and after World War 2? Jeff Hirsch : The numbers, it was about just around 500 percent, 517%, 521%, right in the just over 500%. And the Dow didn’t actually hit that number until, uh, it was July of 1992, but the S&P had the 500 percent move-in. Following both wars.
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.
Economic news that showed a 2.2 6,7 Stocks finished the week with a number of records: the S&P 500 crossed the 6,000 mark, and the Dow breached 44,000 for the first time on Friday. 9 This Week: Key Economic Data Tuesday: Fed Officials Neel Kashkari and Patrick Harker speak. Wednesday: Consumer Price Index.
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.
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 | 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.
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.
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.
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