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Trump Effect: Nov. Retail Sales Blow Out Expectations

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U.S. retail sales figures blew out expectations for November as the holiday season and enthusiasm for President Donald Trump’s economic agenda fueled the beginning of the holiday buying season. The Commerce Department reported Thursday that retail sales rose .8% last month continuing an amazing run-up for 2017. Analysts had forecast just a .3% rise. October sales were also adjusted up ...

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The Trump Effect: U.S. Employers Report the Most Optimistic Hiring Outlook in a Decade

Outlook of +19% Driven by Optimism in Construction, Manufacturing and Transportation & Utilities Employers in the Midwest Report Strongest Hiring Outlook Since 2001 U.S. employers report the strongest hiring intentions in 10 years as employers across the country look to add staff in the first quarter of 2018, according to the latest ManpowerGroup Employment Outlook Survey. Hiring momentum continues to ...

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Job growth remains solid despite tightening labor market

economy going up

Employment increased by 228,000 jobs in November after increasing by 244,000 jobs in October. As the labor market is tightening, employment growth has been gradually slowing in the past couple of years. Is the acceleration in economic activity in recent quarters reversing this trend? The noise created by the hurricanes is making this difficult to answer, but November’s stronger than ...

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Consumer confidence continues 5-month run and 17-year high

economy going up

The Conference Board Consumer Confidence Index®, which had improved in October, increased further in November. The Index now stands at 129.5 (1985=100), up from 126.2 in October. The Present Situation Index increased from 152.0 to 153.9, while the Expectations Index rose from 109.0 last month to 113.3. “Consumer confidence increased for a fifth consecutive month and remains at a 17-year high ...

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Home Prices Boom 10 Years After Housing Crisis

SANTA CLARA, Calif., Nov. 13, 2017 /PRNewswire/ — Home prices have returned to the boom levels of a decade ago — which foreshadowed the bursting of the real estate “bubble” and the onset of The Great Recession — but today’s housing market is starkly different, according to data released today from realtor.com®, a leading online real estate destination. Backed by tighter lending ...

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The Compelling Case for Tax Reform

Congress is currently considering revamping our tax system and reducing tax rates. Nearly all of the options being discussed for inclusion in the eventual tax reform bill are positives for our economy and for all Americans. Among those proposals in the tax reform legislation are: reduction of the corporate tax rate from 35 to 20 percent, and reduction of small ...

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Survey: U.S. Business Profits, Hiring Increasing

Donald Trump

More U.S. businesses are reporting profits and increased hiring, with greater confidence in their ability to grow over the next 12 months; but demand for financing is trending down, according to new results from the third quarter 2017 Private Capital Access (PCA) Index report from Dun & Bradstreet and Pepperdine Graziadio School of Business and Management. The Q3 PCA Index ...

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The Rich Will Not Benefit From Trump’s Tax Plan? Why Not?

Trump taxes

One hears news reports that the rich will not get any relief under the new proposed tax bill of President Trump. Given the proclivity to lie on the part of those who give us our news reports, one should reserve judgment and not get too excited when we hear initial reports of what’s going on in Washington. But a little ...

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Manufacturing Report: Economy Continues to Strengthen

America’s economy continues to strengthen under President Donald Trump‘s agenda according to a report on manufacturing by the Institute for Supply Management released Monday. The broadest measure of sentiment in the manufacturing sector, the Product Managers Index, rose 2.9% to 57.8% in June demonstrating a manufacturing sector that is seeing growth and expecting more in coming months. Factories picked up ...

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Trump Speaks on Apprenticeship and Workforce Initiatives [video]

Trump givng speech

President Donald Trump delivers a speech and signs an executive order Thursday on his administration’s workforce development initiatives. The initiatives focus on skill building programs like trade schools and apprenticeship programs that train workers for high-paying jobs without the costs of expensive four-year schools. Employers are praising the initiatives hoping that they will help them fill the over two million ...

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Job Growth Accelerates in April

Workers at New Balance

Job growth accelerated in April, reversing Marches downward move, according to a report from the Department of Labor released Friday. 211,000 new jobs helped the unemployment rate fall to a 10-year low of 4.4%. Jobs Numbers Nonfarm payrolls increased by 211,000 Seasonally adjusted U3 unemployment rate: 4.4% (-.1%) Broader U6 unemployment: 8.6% (-.3%) Number of unemployed persons (27+ weeks): 7.1 ...

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WATCH: President Trump Leads a Strategic and Policy CEO Discussion

Trump leads economic and policy discussion

President Donald Trump led a meeting as a follow-up with the Strategic and Policy Forum of 20 CEOs the president met with on February 3rd. The sessions are centered on the strategic agenda of five Trump Cabinet Members as they meet to discuss their strategic priorities with members of the Strategic and Policy Forum led by Stephen Schwarzman. “At the top ...

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Consumer Confidence Index Increased Sharply in March

The Conference Board Consumer Confidence Index, which had increased in February, improved sharply in March. The Index now stands at 125.6 (1985=100), up from 116.1 in February. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 last month to 113.8. The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted ...

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U.S. Weekly Jobless Claims Jump More Than Expected

Workers at New Balance

With layoffs at 45-year lows, more Americans filed initial jobless claims than analysts had expected. A Department of Labor report showed that 248,000 Americans filed new unemployment insurance claims – 6,000 more than economists had expected despite the lowest level of layoffs recorded in more than four decades. Higher-than-normal layoffs in Massachusetts were more than offset by reductions in 11 other ...

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