Existing home sales fell in August, while sale prices continued to climb, according to the latest report from the National Association of Realtors.
Existing home sales fell 2.5% in August to a seasonally adjusted annual rate of 3.86 million. That’s down 4.2% from one year ago.
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As the nation reels from a second cowardly attack on former President Donald Trump’s life, it is increasingly clear the radical left refuses to tone down their hateful rhetoric against Trump even if it threatens his life repeatedly. The American people, however, want to put Trump back in charge of the two most pivotal issues facing the country – the economy and immigration.
Just five days after the contentious debate between former President Trump and Vice President Kamala Harris blatantly exposed the mainstream media’s allegiance to the radical left, Trump fended off yet another attack on his life. On Sunday Trump was on what should have been a secure West Palm Beach golf course, only to be threatened once again by a radical extremist with a weapon.
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Friday’s jobs report reveals accelerating weakness in the American economy. Only 142,000 jobs were created last month, below expectations. Half of new positions were created in the unproductive government or quasi-government healthcare and social services sectors.
A record 8.2 million Americans have second jobs. So far this year, the number of unemployed Americans has increased by one million.
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Economists anticipated that the country would add 161,000 nonfarm payroll jobs in August compared to the 114,000 added in initial estimates for July, and that the unemployment rate would fall to 4.2%, according to MarketWatch. The job gains follow a disappointing July report and a downward revision of over 800,000 jobs that the Biden administration had claimed to create between April 2023 and March 2024.
Meanwhile, previously reported job gains for July were revised down from 114,000 to 89,000 while gains for June were lowered from 179,000 too 118,000.
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With inflation remaining stubbornly high, many Americans have been forced to choose whether to pay for more groceries to feed their families, or to pay their energy bills to keep their families cool in the summer and warm in the winter.
According to CBS News, this new trend has been referred to as “energy poverty,” when Americans are unable to pay their energy bills or otherwise afford utilities. On average, households that spend 6 percent of their income or more on energy bills alone are considered to be in “energy poverty.” Currently, 1 in 7 American households spend approximately 14 percent of their income on energy.
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Federal Reserve Chairman Jerome Powell on Friday indicated the bank is prepared to start cutting its key interest rate from its 23-year high, as inflation falls to more historic rates and the job market cools.
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Vice President and presumptive Democratic presidential nominee Kamala Harris is taking fire for her new “price-gouging” ban that critics say is little more than communism-style “price controls” where government heavily regulates industries.
Harris’ effort to address elevated consumer prices hits at a key pain point for Americans, but the details of how Harris plans to go about fixing that problem will be the subject of close scrutiny when she lays out the plan at a North Carolina rally Friday. Harris is expected to unveil a broader economic plan at the same rally, but so far there are few details on specifically how she will address inflation. Prices have risen more than 20% overall since she and President Joe Biden took office.
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The already-long 2024 presidential campaign has become the strangest in modern history.
Here are ten unanswered questions that illustrate how and why we’ve entered this bizarro world:
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The U.S. unemployment rate once again ticked up in the month of June to 4.3 percent as another 352,000 Americans said they were unemployed, according to the latest data from the Bureau of Labor Statistics. Markets are crashing in response.
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Shoplifting has soared in the U.S. in 2024, forcing many stores to leave cities and continuing a trend in recent years.
Shoplifting has risen 24 percent in the first half of 2024 alone, according to newly released data from the Council on Criminal Justice.
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