Yesterday, the U.S. Bureau of Labor Statistics reported that nonfarm business sector labor productivity decreased 1.5 percent in the first quarter of 2025. Interestingly, output decreased by 0.2 percent, and hours worked increased by 1.3 percent. In other words, everyday workers are putting in more hours for less productivity. This is the first decline in […]
Tag: Economic Data
U.S. manufacturers’ orders plunge in April under Trump Tariffs
Just last week, the White House promoted in an article, “MADE IN THE USA: President Trump’s Vision is Revitalizing American Industry,” how Trump’s policies were ‘working’ to rebuild America’s manufacturing sector. However, new economic data released today from the Commerce Department’s Census Bureau showed that new orders for U.S.-manufactured goods plunged sharply in April. The […]
Delusions of grandeur – Trump touts Golden Age, as April durable goods orders plunge
Yesterday, in what can only be described as a delusional post to Truth Social, Trump pumped his imaginary Golden Age of America with the following message: “Our Nation is staging one of the greatest and fastest comebacks in history. In just four short months, we are respected again, respected like never before, and just wait, […]
Trump’s policies cause key U.S. economic indicators to plunge in April
In what has marked the entirety of the second Trump Administration, the Conference Board Leading Economic Index (LEI) plunged sharply again in April. The LEI for the US fell sharply by 1.0% in April 2025 to 99.4 (2016 = 100), following a 0.8% decline in March. The LEI is a predictive tool that anticipates—or “leads”—turning […]
Housing – and life – continues to get more expensive for American families
Daily household costs continue to increase for American families as shown in today’s Consumer Price Index data release from the U.S. Bureau of Labor Statistics. While headline CPI came in at an increase of 0.2 percent, housing costs – including energy costs – increased at an even higher rate of inflation. Given that the average […]