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: Economy
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 […]
Consumer sentiment continues to nosedive with Trump’s economic policies
In continued disdain for Trump’s economic policies and their subsequent upheaval, American consumers remain wary of what is to come. The median forecast for May consumer confidence was 53.5, representing a slight increase from the April 2025 sentiment number of 52.20. However, consumer confidence plunged to an almost record low of just 50.80 points in […]
Unproductive – U.S. sees first quarter productivity fall under Trump Administration
Yesterday brought more concerning news on the state of the American economy. Nonfarm business sector labor productivity decreased 0.8 percent in the first quarter of 2025, under the Trump Administration. The first time in three years that the US has seen a decline. Coming out of the pandemic, worker productivity and the steady increases that […]
Oh, that sinking feeling – Trump tanks American economy in first quarter
Adding to the already negative economic data released earlier this week, Wednesday saw more bad news for the US economy during the first quarter of the new Trump Administration. The impact of the chaotic Trump tariff policy has resulted in an expected downturn in economic growth. GDP contracted by 0.3% during the first three months […]
Trump’s imaginary ‘truth’ – far from the reality faced by US employers and consumers
On April 27, as part of his ‘Bonanza for America’ post, Trump took to ‘Truth’ Social to stretch the truth about how well the US economy has responded to his policy decisions. He wrote in the post that “massive numbers of jobs are already being created, with new plants and factories currently being built or […]
Trump’s promised economic ‘boom’ looking more like a bust
Often quoted on the campaign trail, then presidential candidate Donald Trump promised American voters that, if elected, the country would see an economic “boom like no other.” Well, Trump’s promised boom is looking increasingly like a big bust. Yesterday, S&P released its flash PMI Index and business sentiment survey, and the downward trends should make the Administration take […]