With Many Positions Unfilled, Irma And Harvey Could Become Even More Devastating As the U.S. finds itself set upon by two major hurricanes in the past month, concern grows that many unfilled federal positions in a variety of departments will ultimately hamper the government’s ability to help those in need.
Analysts Recommend Discount Store Stocks Due to the Economic Worry Cowen and Company analysts are pushing investors towards stocks for companies that deal in lower-priced goods like Wal-Mart Stores Inc (NYSE:WMT) and fast food restaurants due to concerns about economic health and lower-income consumers increasing in number.
Americans Spend Too Large a Portion of Their Income on Housing A new compilation of data reveals that Americans are spending nearly a third of their income on housing, which is putting them at risk of being unable to afford other necessities, according to the federal government.
A Bipartisan Letter Appeals to Trump to Consider the Consequences of Slapping Tariffs on Canada A bipartisan letter sent to President Donald Trump warned that thousands of jobs could be lost if the president pursued tariffs against Canadian company Bombardier, Inc. (TSE:BBD.B) in order to protect the American aerospace industry.
Average Americans Would Have to Suffer Through Massive Amounts of Debt to Live in Many Cities Across the Country A new map from HowMuch.net calculates how much debt the average American family would accrue depending on where they lived in the country, and the results paint a grim picture for the working class.
The U.S. Dollar Continues on a Downward Spiral as the News Punishes the Buck With the tensions with North Korea once again set to ignite (in this case quite literally as the country is expected to test more nuclear missiles), alongside U.S. Federal Reserve skepticism from speakers, the dollar has taken another fall.
Consumer sentiment fell short of the initial August readings, landing at 96.8, down from the preliminary reading of 97.6, according to the University of Michigan gauge released on Friday, September 1.
Retail, Automotive Industries Among the Hardest Hit A total of 33,825 U.S. jobs were cut in August, representing a 19.4% jump from July and a five-percent hike compared to August 2016, according to a recent report by Challenger, Gray & Christmas, Inc.
New Budget Doesn’t Tackle Wage Stagnation Bakersfield, California has approved a $2.6-billion budget for the 2017-2018 fiscal year, but the budget does little to address long-term problems that have plagued the community, like a budget deficit and a near-decade-long stagnation in county workers’ wages.
While August Report Disappointed Overall, Pain Was Not Evenly Distributed Several industries in the United States bore the brunt of job cuts in the August jobs report, which overall underwhelmed and was worse than expected.