Bureau of Labor Statistics

The 10 Worst Places In America To Start A Business

Anywhere you start a business, it's going to be a gamble. More new businesses fail than succeed, according to the Kauffman Foundation. So it's important to set up in an area where the odds are in your favor. Some cities are more hospitable to business formation than others. Regulatory hurdles, tax rates, ease and cost of hiring, and cost of real estate are just some of the factors. Cities across the country are also dealing with demographic challenges, including population growth, an aging workforce and economic stagnation. Here are the worst 10 cities...

Peter Schiff Explains How Central Banks Are Choking Productivity

If the cost of money is high, people think carefully about where they want to put their money. They select only the best investments. This helps everyone. When money is cheap, they throw darts against a wall. This is not the best use of societies' scarce resources. Is it any wonder productivity is down?

"Nothing Adds Up"

There’s a new feature to the Anything-Goes-and-Nothing-Matters economy: Nothing-Adds-Up... The fecklessness and stupidity of the elites has been epic, sacrificing everything to maintain the illusion of normality.

Ignore The Latest Jobs Data Hype: The Worst Expansion In 30 Years Continues

Expansions just keep getting weaker and weaker, and total payroll employment today is only 3.5% above what it was back in 2008 (compared to 20% growth from 1991 to 2000). Simply put, when we take discouraged workers and involuntary part timers into account, we're still experiencing some of the highest unemployment numbers in 20 years.

Atlanta Fed Sees Dramatic Surge In Economy, Pegs Q3 GDP At 3.8%

Dear Janet, you have a problem! With jobs surging, stocks at record highs, volatility near record lows, China stable, and Brexit behind us, today's shocking upgrade of the US economy by The Atlanta Fed (to +3.8% growth) leaves The Fed with little to no excuse for hiking rates at least once if not twice this year...

Why MainStreet Isn't Buying Obama's Economic Story

Last night, President Obama took a victory lap for his economic achievements while in office. With the 2016 Presidential Election fast approaching, this was one of the final chances the President will have to try and divert attention away from Hillary’s “trustworthiness” problem following continued revelations surrounding Benghazi, email scandals and the Clinton Foundation which is now under investigation by the IRS. The question is whether the majority of the voting public will agree with the President’s message? Let’s take a look at some charts...

America Needs A Good, Old-Fashioned Economic Depression

A good, old-fashioned, pre-1929 depression (like the short-lived, eleven-month depression in 1920-1921, before the days of “modern” central banking and “enlightened” Keynesian intervention “cures”) is the only tonic that can clear out the malinvestment built up since the beginning of the fiat money era.

Confidence In The Economy Slumps To Multi-Year Lows: Gallup

One place which fails to corroborate the narrative of a "recovering economy" are the monthly Gallup surveys, and especially the most recent one released earlier today. At -17, this reading is tied for the worst economic confidence reading recorded in the last few years, and suggests that Americans' take on the economy is getting worse, not better.

Why Oil Prices Might Never Recover

Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted. The current oil-price rally is over and prices are heading toward $40 per barrel. Oil has been re-valued to affordable levels based on the real value of money. The market now accepts the erroneous producer claims of profitability below the cost of production and has adjusted expectations accordingly. Be careful of what you ask for.