Total employment openings fell by 455,000 to 1.4 million in April, as the large gap between vacant positions and available workers narrowed, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) from June 1. The decline in job openings is in decline from an upwardly revised 11.855 million in March, approximately…
Job Openings Remain Near Record High as Labor Market Continues to Tighten
Revised Report Shows US Economy Shrunk More Than Previously Estimated in First Quarter 2022
The U.S. economy contracted by 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021, due to a record trade deficit and 40-year high inflation, according to revised data released by the Bureau of Labor Statistics on May 26. The contraction was revised down 0.1…
U.S. Wage Growth Is Starting Fade Due To Inflation Says Labor Department Report
Americans have seen their wages increase as pandemic restrictions have eased over the past year, which have continued into April but not kept up with the rising rate of inflation, according to the latest employment data from the Bureau of Labor Statistics released on May 6. Employee salaries have been on the rise for the…
US Wage Growth Is Starting Fade Due To Inflation Says Labor Department Report
Americans have seen their wages increase as pandemic restrictions have eased over the past year, which have continued into April but not kept up with the rising rate of inflation, according to the latest employment data from the Bureau of Labor Statistics released on May 6. Employee salaries have been on the rise for the…
US Trade Goods Deficit Hits Record High in the First Quarter of 2022
The U.S. trade goods deficit rose to a record high in March, according to a Commerce Department report on April 27, as the value of imports dwarfed that of exports, reflecting skyrocketing inflation. Last month showed solid increases in retail and wholesale inventories, which may somewhat ease the effect of the trade deficit on domestic GDP…
61 Percent of Small-Business Owners Fear Rising Inflation Will Cripple Them
Over 60 percent of American small-scale employers are worried about inflation threatening their businesses with the highest prices since 1982, according to a recent survey by Clarify Capital. In a poll of more than 500 small-business owners, 61 percent said they were worried about staying afloat in the current economic climate. Sixty-six percent of poll respondents…
Inflation Top Economic Concern for Americans: Gallup Poll
Americans are increasingly concerned about rising inflation, which is at its highest point in almost 40 years, according to a new Gallup poll released March 29. The survey found that 17 percent of respondents named inflation as their top economic issue in March 2022, rising from 8 percent in January and 10 percent in February. Inflation was…
Inflation Is Top Economic Concern for Americans: Gallup Poll
Americans are increasingly concerned about rising inflation, which is at its highest level in almost 40 years, according to a new Gallup poll released on March 29. The survey found that 17 percent of respondents named inflation as their top economic issue in March, rising from 10 percent in February and 8 percent in January. Inflation was…
Real Estate Investor and Best-Selling Author Discusses Impact of War, Bureaucracy, and the Pandemic on US Property Markets
March 29, 2022
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In a wide-ranging interview with The Epoch Times, renowned real estate investor, music composer, and bestselling author Philip Nicozisis shared his insights on the impact of the pandemic and the Ukraine war on commercial and residential property markets, while venturing into loftier topics like the importance of free markets and the preservation of civil liberties….
Existing US Home Sales Fell to Near-Record Low in February
American home sales fell in February 2022 to a near-record low, as shortages of houses and double-digit price growth continue to push first-time buyers out of the market. Contracts to buy resold homes, which account for the bulk of U.S. home sales, have fallen for three straight months in all four regions of the United States, according…
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